1417 3RD ST N E MINNEAPOLIS MN 55413

PID: 1402924220117

Property Overview

Parcel ID1402924220117

Lot Size10,890 sq ft (0.250 ac)

Lot Dimensions (est.)165 ft wide × 66 ft deep

Year Built1910

Property ClassRESIDENTIAL-TWO UNIT

OwnerHANNA KASID & FRANK P NESSER

Assessed Value$433,900

Land Value$183,000

Building Value$250,900

Annual Tax$6,612

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 2019 · $7K total declared value · Most recent: Jul 2019 (accessory)

AccessoryJul 2019Closed

$7K

Charles Nessler

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 width56 ft

Buildable depth125 ft

Area~6,998 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 6,998 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1419 3RD ST N E MINNEAPOLIS MN 55413	AMANDA JARRETT SMITH	RESIDENTIAL	$430,000	51 ft
1411 3RD ST N E MINNEAPOLIS MN 55413	I J RANS/R S RANS/J W RANS	RESIDENTIAL	$274,600	75 ft
1421 3RD ST N E MINNEAPOLIS MN 55413	GREG BEAUDRY	RESIDENTIAL	$217,700	84 ft
307 14TH AVE N E MINNEAPOLIS MN 55413	R & E SCHURMAN	RESIDENTIAL-TWO UNIT	$383,300	99 ft
311 14TH AVE N E MINNEAPOLIS MN 55413	OLGA HERRERA	RESIDENTIAL-TWO UNIT	$397,100	104 ft
315 14TH AVE N E MINNEAPOLIS MN 55413	B TILLMAN & J F F BOLTON	RESIDENTIAL	$359,100	129 ft
300 15TH AVE N E MINNEAPOLIS MN 55413	SHIRLY ANN HUNTER	RESIDENTIAL	$495,800	132 ft
1401 3RD ST N E MINNEAPOLIS MN 55413	M ST ANTHONY & J COLEMAN	APARTMENT	$621,000	132 ft
1416 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	BRETT M ANDERSON	RESIDENTIAL-TWO UNIT	$375,200	165 ft
1422 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ANITA M JASZEWSKI	RESIDENTIAL	$324,200	177 ft

Property History

Most Recent Sale

Date202412

Price$370,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,612