148 16TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924220047

Property Overview

Parcel ID1402924220047

Lot Size4,000 sq ft (0.092 ac)

Lot Dimensions (est.)40 ft wide × 100 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerW J THOMPSON & A S THOMPSON

Assessed Value$390,000

Land Value$116,000

Building Value$274,000

Annual Tax$5,877

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2021 · Most recent: Jul 2021 (existres)

ExistresJul 2021Closed

Centraire Heating & Air Conditioning LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Sheridan · Minneapolis

Median reported rent1,466/mo

Renter-occupied71.3%

Median home value$320K

Vacancy rate11.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 24

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth60 ft

Area~1,801 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 1,801 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
144 16TH AVE N E MINNEAPOLIS MN 55413	KATHRYN HAYES	RESIDENTIAL-TWO UNIT	$334,600	40 ft
1524 2ND ST N E MINNEAPOLIS MN 55413	WILLIAM CHARLES LLC	TRIPLEX	$573,500	62 ft
1528 2ND ST N E MINNEAPOLIS MN 55413	MARIE LARSEN	RESIDENTIAL	$283,100	67 ft
142 16TH AVE N E MINNEAPOLIS MN 55413	D T HOFSTEDE & A A HOFSTEDE	RESIDENTIAL	$338,700	85 ft
1514 2ND ST N E MINNEAPOLIS MN 55413	PATRICK J O'BRIEN	RESIDENTIAL-TWO UNIT	$414,100	117 ft
145 16TH AVE N E MINNEAPOLIS MN 55413	PATRICIA M ZAJAC	RESIDENTIAL	$320,000	150 ft
1604 2ND ST N E MINNEAPOLIS MN 55413	SENTYRZ SUPERMARKET LLC	LAND-COMMERCIAL	$89,800	162 ft
1525 MAIN ST N E MINNEAPOLIS MN 55413	S G CARROLL & S M CARROLL	RESIDENTIAL	$374,900	163 ft
1510 2ND ST N E MINNEAPOLIS MN 55413	A M JOHNSON & K WESTFALL	RESIDENTIAL	$300,300	166 ft
1517 MAIN ST N E MINNEAPOLIS MN 55413	M T & T J TURCK	RESIDENTIAL	$375,100	174 ft

Property History

Most Recent Sale

Date201001

Price$145,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,877