1615 MAIN ST N E MINNEAPOLIS MN 55413

PID: 1402924220147

Property Overview

Parcel ID1402924220147

Lot Size4,400 sq ft (0.101 ac)

Lot Dimensions (est.)110 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerJENNIFER R SPEES/ADAM SPEES

Assessed Value$349,400

Land Value$123,000

Building Value$226,400

Annual Tax$5,197

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

4 permits on record since 2017 · $27K total declared value · Most recent: Sep 2022 (misc)

MiscSep 2022Closed

$20K

NIK HUDELLA CONSTRUCTION LLC

ResMar 2018Closed

Urban Pine Plumbing and Mechanical Inc

AdditionOct 2017Closed

$5K

NIK HUDELLA CONSTRUCTION LLC

AdditionSep 2017Closed

$2K

NIK HUDELLA CONSTRUCTION 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 width30 ft

Buildable depth70 ft

Area~2,099 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 2,099 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1619 MAIN ST N E MINNEAPOLIS MN 55413	CONTOUR VENTURES LLC	RESIDENTIAL	$250,700	40 ft
1611 MAIN ST N E MINNEAPOLIS MN 55413	W B SENTYRZ JR & S A SENTYRZ	RESIDENTIAL	$323,900	40 ft
1607 MAIN ST N E MINNEAPOLIS MN 55413	JARED MAHLER	RESIDENTIAL	$422,300	80 ft
1615 MAIN ST N E MINNEAPOLIS MN 55413	LISA MARIE HARM	RESIDENTIAL	$15,000	91 ft
1625 MAIN ST N E MINNEAPOLIS MN 55413	W B SENTYRZ JR & S A SENTYRZ	RESIDENTIAL-TWO UNIT	$482,100	97 ft
135 16TH AVE N E MINNEAPOLIS MN 55413	J DUVENAGE & S M DUVENAGE	APARTMENT	$483,000	119 ft
141 16TH AVE N E MINNEAPOLIS MN 55413	MARANDA WILLIAMS	RESIDENTIAL	$335,200	126 ft
1631 MAIN ST N E MINNEAPOLIS MN 55413	1631 MAIN STREET NE LLC	APARTMENT	$1,420,000	161 ft
1618 MAIN ST N E MINNEAPOLIS MN 55413	JOEL HILDEN & ANNIE KRAPEK	RESIDENTIAL	$380,000	177 ft
1622 MAIN ST N E MINNEAPOLIS MN 55413	W B SENTYRZ JR & S A SENTYRZ	RESIDENTIAL	$341,000	179 ft

Property History

Most Recent Sale

Date201510

Price$165,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,197