1511 MAIN ST N E MINNEAPOLIS MN 55413

PID: 1402924220195

Property Overview

Parcel ID1402924220195

Lot Size5,445 sq ft (0.125 ac)

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

Year Built1905

Property ClassRESIDENTIAL-TWO UNIT

OwnerTIFFANY A BOWMAN

Assessed Value$329,700

Land Value$139,000

Building Value$190,700

Annual Tax$4,867

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

4 permits on record since 2022 · $20K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

JD Mechanical

ResSep 2024Closed

JD Mechanical

RemodelAug 2024Closed

$20K

TIFFANY A BOWMAN

ResMar 2022Closed

CenterPoint Energy Resource Corp

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 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
1507 MAIN ST N E MINNEAPOLIS MN 55413	CHAD SCHULTZ	RESIDENTIAL-TWO UNIT	$284,600	33 ft
1515 MAIN ST N E MINNEAPOLIS MN 55413	MELISSA M GORMAN	RESIDENTIAL-TWO UNIT	$478,500	50 ft
161 15TH AVE N E MINNEAPOLIS MN 55413	NORDEAST BIRD SEN LLC ET AL	RESIDENTIAL-TWO UNIT	$401,100	97 ft
1505 MAIN ST N E MINNEAPOLIS MN 55413	LEFT BANK PROPERTY 1199 LLC	RESIDENTIAL	$337,300	97 ft
1517 MAIN ST N E MINNEAPOLIS MN 55413	M T & T J TURCK	RESIDENTIAL	$375,100	118 ft
165 15TH AVE N E MINNEAPOLIS MN 55413	MARK BUTLER	RESIDENTIAL	$212,000	134 ft
142 16TH AVE N E MINNEAPOLIS MN 55413	D T HOFSTEDE & A A HOFSTEDE	RESIDENTIAL	$338,700	157 ft
1510 2ND ST N E MINNEAPOLIS MN 55413	A M JOHNSON & K WESTFALL	RESIDENTIAL	$300,300	165 ft
1506 2ND ST N E MINNEAPOLIS MN 55413	KELSEY M FITTANTE	RESIDENTIAL	$350,000	168 ft
1514 2ND ST N E MINNEAPOLIS MN 55413	PATRICK J O'BRIEN	RESIDENTIAL-TWO UNIT	$414,100	172 ft

Property History

Most Recent Sale

Date201608

Price$185,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,867