1417 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924220122

Property Overview

Parcel ID1402924220122

Lot Size5,445 sq ft (0.125 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerSARAH DAVIS/WILMER DAVIS III

Assessed Value$377,100

Land Value$132,000

Building Value$245,100

Annual Tax$5,661

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

No permits found in Minneapolis open data for this parcel.

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 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
1413 2ND ST N E MINNEAPOLIS MN 55413	JOHN SWANSON/KELLEY SWANSON	RESIDENTIAL-TWO UNIT	$398,500	35 ft
1429 2ND ST N E MINNEAPOLIS MN 55413	ISLAMIC COMMUNITY CENTER MN	COMMERCIAL-PREFERRED	$0	110 ft
205 14TH AVE N E MINNEAPOLIS MN 55413	BURKS PROPERTIES LLC	RESIDENTIAL	$349,600	121 ft
209 14TH AVE N E MINNEAPOLIS MN 55413	GRACE DAVITT	RESIDENTIAL	$446,000	121 ft
203 14TH AVE N E MINNEAPOLIS MN 55413	LINDSEY BENNETT	RESIDENTIAL-TWO UNIT	$541,500	134 ft
217 14TH AVE N E MINNEAPOLIS MN 55413	JAMES J O'TOOLE	RESIDENTIAL	$269,400	150 ft
1416 3RD ST N E MINNEAPOLIS MN 55413	K ROGNESS & T ROGNESS	RESIDENTIAL	$266,000	165 ft
1414 3RD ST N E MINNEAPOLIS MN 55413	CLAUDIA HOLT	RESIDENTIAL	$237,300	168 ft
1420 3RD ST N E MINNEAPOLIS MN 55413	J DOUGLAS LAYNE HOLT ET AL	RESIDENTIAL-TWO UNIT	$430,500	170 ft
221 14TH AVE N E MINNEAPOLIS MN 55413	WILLIAM KEITH FROMMER	RESIDENTIAL	$170,000	191 ft

Property History

Most Recent Sale

Date201707

Price$287,300

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,661