1201 3RD ST N E MINNEAPOLIS MN 55413

PID: 1402924230092

Property Overview

Parcel ID1402924230092

Lot Size1,122 sq ft (0.026 ac)

Lot Dimensions (est.)66 ft wide × 17 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerSEAN FOSTER

Assessed Value$209,000

Land Value$27,000

Building Value$182,000

Annual Tax$2,847

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

No permits found in Minneapolis open data for this parcel.

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

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 width51 ft

Buildable depth0 ft

Area~53 sqft

Lot dimensions are insufficient for the standard setbacks shown.

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 53 sqft buildable area.

Est. units

Yield on cost

25.6%

Spread

+20.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1203 3RD ST N E MINNEAPOLIS MN 55413	JACOB OIE	RESIDENTIAL-TWO UNIT	$214,700	20 ft
1203 3RD ST N E MINNEAPOLIS MN 55413	LORI A VAN HOLMES ET AL	RESIDENTIAL	$255,500	53 ft
311 12TH AVE N E MINNEAPOLIS MN 55413	A BARTOLETTI & L D MITTON	RESIDENTIAL	$537,800	97 ft
300 12TH AVE N E MINNEAPOLIS MN 55413	J P SANDEEN & LAUREN J MARSH	RESIDENTIAL-TWO UNIT	$413,000	113 ft
1205 3RD ST N E MINNEAPOLIS MN 55413	A M KEMPER & K M JOHNS	RESIDENTIAL-TWO UNIT	$480,000	115 ft
304 12TH AVE N E MINNEAPOLIS MN 55413	VICTORIA HIDALGO GONZALEZ	RESIDENTIAL-TWO UNIT	$352,800	126 ft
1200 3RD ST N E MINNEAPOLIS MN 55413	BRIAN VARNER	RESIDENTIAL	$184,700	134 ft
306 12TH AVE N E MINNEAPOLIS MN 55413	VALUE HOMES LLC	RESIDENTIAL-TWO UNIT	$238,100	142 ft
313 12TH AVE N E MINNEAPOLIS MN 55413	BRADLEY W & RONDA L DUNHAM	RESIDENTIAL-TWO UNIT	$505,300	148 ft
1206 3RD ST N E MINNEAPOLIS MN 55413	JAMIE L SWANSON	RESIDENTIAL	$236,200	156 ft

Property History

Most Recent Sale

Date202207

Price$259,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,847