1414 3RD ST N E MINNEAPOLIS MN 55413

PID: 1402924220119

Property Overview

Parcel ID1402924220119

Lot Size5,445 sq ft (0.125 ac)

Lot Dimensions (est.)165 ft wide × 33 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerCLAUDIA HOLT

Assessed Value$237,300

Land Value$139,000

Building Value$98,300

Annual Tax$3,320

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 2024 · $10K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Closed

$10K

Warner Restoration 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

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 width23 ft

Buildable depth125 ft

Area~2,875 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 2,875 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1416 3RD ST N E MINNEAPOLIS MN 55413	K ROGNESS & T ROGNESS	RESIDENTIAL	$266,000	33 ft
1410 3RD ST N E MINNEAPOLIS MN 55413	SHIVA PROPERTIES LLC	RESIDENTIAL	$324,000	42 ft
1420 3RD ST N E MINNEAPOLIS MN 55413	J DOUGLAS LAYNE HOLT ET AL	RESIDENTIAL-TWO UNIT	$430,500	77 ft
223 14TH AVE N E MINNEAPOLIS MN 55413	WILLIAM KEITH FROMMER	RESIDENTIAL	$217,700	104 ft
217 14TH AVE N E MINNEAPOLIS MN 55413	JAMES J O'TOOLE	RESIDENTIAL	$269,400	107 ft
221 14TH AVE N E MINNEAPOLIS MN 55413	WILLIAM KEITH FROMMER	RESIDENTIAL	$170,000	110 ft
1400 3RD ST N E MINNEAPOLIS MN 55413	GEORGIA E BECKER	RESIDENTIAL	$437,300	115 ft
209 14TH AVE N E MINNEAPOLIS MN 55413	GRACE DAVITT	RESIDENTIAL	$446,000	151 ft
1429 2ND ST N E MINNEAPOLIS MN 55413	ISLAMIC COMMUNITY CENTER MN	COMMERCIAL-PREFERRED	$0	162 ft
1417 2ND ST N E MINNEAPOLIS MN 55413	SARAH DAVIS/WILMER DAVIS III	RESIDENTIAL-TWO UNIT	$377,100	168 ft

Property History

Most Recent Sale

Date200904

Price$73,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,320