1416 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924220124

Property Overview

Parcel ID1402924220124

Lot Size10,890 sq ft (0.250 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerW O R BARRETO & M C MACEDO

Assessed Value$409,700

Land Value$174,000

Building Value$235,700

Annual Tax$7,780

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 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 3-story wood frame (5–12 units) benchmarks for 6,998 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1422 2ND ST N E MINNEAPOLIS MN 55413	T MALIBIRAN & H MALIBIRAN	RESIDENTIAL	$336,000	59 ft
1410 2ND ST N E MINNEAPOLIS MN 55413	RYAN FEENY	RESIDENTIAL	$312,100	83 ft
171 14TH AVE N E MINNEAPOLIS MN 55413	BARRY ANDERSEN	RESIDENTIAL-TWO UNIT	$481,500	100 ft
1424 2ND ST N E MINNEAPOLIS MN 55413	A L SCHLESINGER/D K WILLIAMS	RESIDENTIAL-TWO UNIT	$391,500	101 ft
170 15TH AVE N E MINNEAPOLIS MN 55413	TITHE INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$310,800	122 ft
163 14TH AVE N E MINNEAPOLIS MN 55413	ISAAC W KAMSIN	RESIDENTIAL-TWO UNIT	$635,700	134 ft
1400 2ND ST N E MINNEAPOLIS MN 55413	S & R THOMPSON	RESIDENTIAL	$276,300	141 ft
162 15TH AVE N E MINNEAPOLIS MN 55413	T BUHRSMITH & J ACKLAND	RESIDENTIAL	$347,100	143 ft
1428 2ND ST N E MINNEAPOLIS MN 55413	OSCAR ALVARADO	RESIDENTIAL-TWO UNIT	$276,100	150 ft
1417 MAIN ST N E MINNEAPOLIS MN 55413	M A CASTANON & S H WALL	RESIDENTIAL	$533,100	165 ft

Property History

Most Recent Sale

Date202205

Price$360,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,780