1527 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924220065

Property Overview

Parcel ID1402924220065

Lot Size6,600 sq ft (0.152 ac)

Lot Dimensions (est.)100 ft wide × 66 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerBRUCE J MCGUIRE

Assessed Value$323,200

Land Value$142,000

Building Value$181,200

Annual Tax$4,758

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: Apr 2021 (existres)

ExistresApr 2021Closed

Standard Heating and Air Conditioning Inc

ResJul 2020Closed

Warners Stellian Co 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width56 ft

Buildable depth60 ft

Area~3,357 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 3-story wood frame (5–12 units) benchmarks for 3,357 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
1529 2ND ST N E MINNEAPOLIS MN 55413	ANNETTE TOUSLEY	RESIDENTIAL	$271,900	50 ft
1519 2ND ST N E MINNEAPOLIS MN 55413	HERMAN CAPITAL PTNRS II LLC	RESIDENTIAL	$240,000	59 ft
210 16TH AVE N E MINNEAPOLIS MN 55413	JAMES HAYDEN SODERBERG	RESIDENTIAL	$292,700	81 ft
1517 2ND ST N E MINNEAPOLIS MN 55413	AMY C STERNBERG	RESIDENTIAL-TWO UNIT	$370,100	89 ft
1513 2ND ST N E MINNEAPOLIS MN 55413	CAROLINE M RUTZ	RESIDENTIAL-TWO UNIT	$341,400	120 ft
1511 2ND ST N E MINNEAPOLIS MN 55413	A HARTFIELD & T R HARTFIELD	TRIPLEX	$511,600	157 ft
1528 2ND ST N E MINNEAPOLIS MN 55413	MARIE LARSEN	RESIDENTIAL	$283,100	163 ft
214 16TH AVE N E MINNEAPOLIS MN 55413	GRIZZLY MANAGEMENT LLC	APARTMENT	$433,000	165 ft
1605 2ND ST N E MINNEAPOLIS MN 55413	KENNETH R PERKINS	RESIDENTIAL-TWO UNIT	$554,000	168 ft
1524 2ND ST N E MINNEAPOLIS MN 55413	WILLIAM CHARLES LLC	TRIPLEX	$573,500	183 ft

Property History

Most Recent Sale

Date200006

Price$103,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,758