1605 3RD ST N E MINNEAPOLIS MN 55413

PID: 1402924220089

Property Overview

Parcel ID1402924220089

Lot Size3,875 sq ft (0.089 ac)

Lot Dimensions (est.)155 ft wide × 25 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerBRANDON OLSON

Assessed Value$310,500

Land Value$115,000

Building Value$195,500

Annual Tax$4,546

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

4 permits on record since 2017 · Most recent: Jul 2022 (comnofdbv)

ComnofdbvJul 2022Closed

MN Plumbing & Home Services INC

ResMar 2022Closed

MN Plumbing & Home Services INC

ComnofdbvFeb 2022Closed

MN Plumbing & Home Services INC

ExistresFeb 2017Closed

WJW COMPANY

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width15 ft

Buildable depth115 ft

Area~1,726 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 1,726 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1607 3RD ST N E MINNEAPOLIS MN 55413	ALISON LETITIA KRANTZ	RESIDENTIAL	$267,900	25 ft
1601 3RD ST N E MINNEAPOLIS MN 55413	ERIC DANIEL ANDERSON	RESIDENTIAL	$366,100	40 ft
1609 3RD ST N E MINNEAPOLIS MN 55413	PARKER DESAUTEL	RESIDENTIAL-TWO UNIT	$372,300	53 ft
1613 3RD ST N E MINNEAPOLIS MN 55413	JEREMIAH ALBRECHT ET AL	RESIDENTIAL	$692,100	90 ft
1615 3RD ST N E MINNEAPOLIS MN 55413	TAYLOR G HOCH	RESIDENTIAL-TWO UNIT	$342,000	125 ft
1617 3RD ST N E MINNEAPOLIS MN 55413	LUIS J ALVARADO	RESIDENTIAL	$218,200	150 ft
1525 3RD ST N E MINNEAPOLIS MN 55413	PAUL D FRANCIS JR ET AL	RESIDENTIAL	$393,000	167 ft
1606 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	Y MAKSYMOVYCH/L MAKSYMOVYCH	RESIDENTIAL	$316,900	175 ft
1600 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	N & G MEGITS	RESIDENTIAL	$537,100	178 ft
1608 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ALICE HAYDEN STROUP	RESIDENTIAL	$203,200	182 ft

Property History

Most Recent Sale

Date200909

Price$93,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,546