142 16TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924220184

Property Overview

Parcel ID1402924220184

Lot Size5,940 sq ft (0.136 ac)

Lot Dimensions (est.)50 ft wide × 119 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerD T HOFSTEDE & A A HOFSTEDE

Assessed Value$338,700

Land Value$142,000

Building Value$196,700

Annual Tax$5,243

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 2019 · $4K total declared value · Most recent: Oct 2019 (existres)

ExistresOct 2019Closed

Standard Heating and Air Conditioning Inc

MiscAug 2019Closed

$4K

Mohler Chimney Repair 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 depth108 ft

Area~3,021 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 3,021 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
144 16TH AVE N E MINNEAPOLIS MN 55413	KATHRYN HAYES	RESIDENTIAL-TWO UNIT	$334,600	47 ft
148 16TH AVE N E MINNEAPOLIS MN 55413	W J THOMPSON & A S THOMPSON	RESIDENTIAL	$390,000	85 ft
1525 MAIN ST N E MINNEAPOLIS MN 55413	S G CARROLL & S M CARROLL	RESIDENTIAL	$374,900	88 ft
1517 MAIN ST N E MINNEAPOLIS MN 55413	M T & T J TURCK	RESIDENTIAL	$375,100	89 ft
1515 MAIN ST N E MINNEAPOLIS MN 55413	MELISSA M GORMAN	RESIDENTIAL-TWO UNIT	$478,500	112 ft
1524 2ND ST N E MINNEAPOLIS MN 55413	WILLIAM CHARLES LLC	TRIPLEX	$573,500	126 ft
1514 2ND ST N E MINNEAPOLIS MN 55413	PATRICK J O'BRIEN	RESIDENTIAL-TWO UNIT	$414,100	142 ft
1528 2ND ST N E MINNEAPOLIS MN 55413	MARIE LARSEN	RESIDENTIAL	$283,100	152 ft
1511 MAIN ST N E MINNEAPOLIS MN 55413	TIFFANY A BOWMAN	RESIDENTIAL-TWO UNIT	$329,700	157 ft
135 16TH AVE N E MINNEAPOLIS MN 55413	J DUVENAGE & S M DUVENAGE	APARTMENT	$483,000	177 ft

Property History

Current Tax Year

Year2026

Tax Due$5,243