1424 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924220127

Property Overview

Parcel ID1402924220127

Lot Size5,412 sq ft (0.124 ac)

Lot Dimensions (est.)123 ft wide × 44 ft deep

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerA L SCHLESINGER/D K WILLIAMS

Assessed Value$391,500

Land Value$131,000

Building Value$260,500

Annual Tax$7,435

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

2 permits on record since 2018 · Most recent: Jan 2019 (res)

ResJan 2019Closed

Gust Plumbing Inc

ExistresNov 2018Closed

Ray N Welter Heating Co

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

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 width34 ft

Buildable depth83 ft

Area~2,821 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 2,821 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1422 2ND ST N E MINNEAPOLIS MN 55413	T MALIBIRAN & H MALIBIRAN	RESIDENTIAL	$336,000	44 ft
1428 2ND ST N E MINNEAPOLIS MN 55413	OSCAR ALVARADO	RESIDENTIAL-TWO UNIT	$276,100	50 ft
170 15TH AVE N E MINNEAPOLIS MN 55413	TITHE INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$310,800	71 ft
1416 2ND ST N E MINNEAPOLIS MN 55413	W O R BARRETO & M C MACEDO	RESIDENTIAL-TWO UNIT	$409,700	101 ft
162 15TH AVE N E MINNEAPOLIS MN 55413	T BUHRSMITH & J ACKLAND	RESIDENTIAL	$347,100	123 ft
175 15TH AVE N E MINNEAPOLIS MN 55413	JARED PLAMANN	RESIDENTIAL	$326,300	151 ft
160 15TH AVE N E MINNEAPOLIS MN 55413	M C EARLY-NELSON/A J MCINNIS	RESIDENTIAL	$276,300	163 ft
1410 2ND ST N E MINNEAPOLIS MN 55413	RYAN FEENY	RESIDENTIAL	$312,100	168 ft
1504 2ND ST N E MINNEAPOLIS MN 55413	MICHAEL MITAT YETISIR	RESIDENTIAL	$340,000	189 ft
165 15TH AVE N E MINNEAPOLIS MN 55413	MARK BUTLER	RESIDENTIAL	$212,000	190 ft

Property History

Most Recent Sale

Date202602

Price$175,373

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,435