1528 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924220049

Property Overview

Parcel ID1402924220049

Lot Size4,250 sq ft (0.098 ac)

Lot Dimensions (est.)85 ft wide × 50 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMARIE LARSEN

Assessed Value$283,100

Land Value$114,000

Building Value$169,100

Annual Tax$4,086

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

2 permits on record since 2020 · Most recent: Dec 2020 (existres)

ExistresDec 2020Closed

CENTERPOINT ENERGY

ResMay 2020Closed

Urban Pine Plumbing and Mechanical Inc

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width70 ft

Buildable depth10 ft

Area~1,574 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 1,574 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
148 16TH AVE N E MINNEAPOLIS MN 55413	W J THOMPSON & A S THOMPSON	RESIDENTIAL	$390,000	67 ft
1524 2ND ST N E MINNEAPOLIS MN 55413	WILLIAM CHARLES LLC	TRIPLEX	$573,500	76 ft
144 16TH AVE N E MINNEAPOLIS MN 55413	KATHRYN HAYES	RESIDENTIAL-TWO UNIT	$334,600	105 ft
1604 2ND ST N E MINNEAPOLIS MN 55413	SENTYRZ SUPERMARKET LLC	LAND-COMMERCIAL	$89,800	124 ft
1514 2ND ST N E MINNEAPOLIS MN 55413	PATRICK J O'BRIEN	RESIDENTIAL-TWO UNIT	$414,100	146 ft
145 16TH AVE N E MINNEAPOLIS MN 55413	PATRICIA M ZAJAC	RESIDENTIAL	$320,000	149 ft
1529 2ND ST N E MINNEAPOLIS MN 55413	ANNETTE TOUSLEY	RESIDENTIAL	$271,900	150 ft
142 16TH AVE N E MINNEAPOLIS MN 55413	D T HOFSTEDE & A A HOFSTEDE	RESIDENTIAL	$338,700	152 ft
1527 2ND ST N E MINNEAPOLIS MN 55413	BRUCE J MCGUIRE	RESIDENTIAL	$323,200	163 ft
1606 2ND ST N E MINNEAPOLIS MN 55413	SENTYRZ SUPERMARKET LLC	LAND-COMMERCIAL	$87,100	178 ft

Property History

Current Tax Year

Year2026

Tax Due$4,086