1400 UNIVERSITY AVE N E MINNEAPOLIS MN 55413

PID: 1402924230025

Property Overview

Parcel ID1402924230025

Lot Size5,544 sq ft (0.127 ac)

Lot Dimensions (est.)132 ft wide × 42 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerA S HEWITT & B D PERRY

Assessed Value$409,300

Land Value$109,000

Building Value$300,300

Annual Tax$6,200

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2026 · Most recent: May 2026 (existres)

ExistresMay 2026Inspection

Perfection Heating and Air Conditioning Inc

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width117 ft

Buildable depth2 ft

Area~2,484 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 2,484 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1404 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	PHILLIP W CHAN	RESIDENTIAL-TWO UNIT	$485,900	42 ft
1410 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	SUSANNAH DODGE	RESIDENTIAL-TWO UNIT	$403,600	87 ft
1328 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	MATILDE VELEZ JARA	RESIDENTIAL-TWO UNIT	$397,400	108 ft
315 14TH AVE N E MINNEAPOLIS MN 55413	B TILLMAN & J F F BOLTON	RESIDENTIAL	$359,100	109 ft
1416 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	BRETT M ANDERSON	RESIDENTIAL-TWO UNIT	$375,200	145 ft
1326 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	G A HUELER & M R ISAACSON	LOW INCOME RENTAL	$348,900	150 ft
331 14TH AVE N E MINNEAPOLIS MN 55413	NICHOLAS CHECK ET AL	RESIDENTIAL-TWO UNIT	$335,800	154 ft
311 14TH AVE N E MINNEAPOLIS MN 55413	OLGA HERRERA	RESIDENTIAL-TWO UNIT	$397,100	155 ft
307 14TH AVE N E MINNEAPOLIS MN 55413	R & E SCHURMAN	RESIDENTIAL-TWO UNIT	$383,300	187 ft
316 14TH AVE N E MINNEAPOLIS MN 55413	THOMAS M PELUF	RESIDENTIAL	$275,000	188 ft

Property History

Most Recent Sale

Date199711

Price$102,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,200