215 12TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924230112

Property Overview

Parcel ID1402924230112

Lot Size10,890 sq ft (0.250 ac)

Lot Dimensions (est.)66 ft wide × 165 ft deep

Year Built1900

Property ClassTRIPLEX

OwnerBO-NE LLC

Assessed Value$391,800

Land Value$172,000

Building Value$219,800

Annual Tax$7,441

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 ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width56 ft

Buildable depth125 ft

Area~7,001 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 3-story wood frame (5–12 units) benchmarks for 7,001 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
221 12TH AVE N E MINNEAPOLIS MN 55413	221 CLUB LLC	RESIDENTIAL	$355,700	66 ft
209 12TH AVE N E MINNEAPOLIS MN 55413	WAYNE C ZWICKEY ET AL FAM TR	RESIDENTIAL	$430,300	66 ft
1214 3RD ST N E MINNEAPOLIS MN 55413	1214 3RD STREET LLC	APARTMENT	$747,000	126 ft
1206 3RD ST N E MINNEAPOLIS MN 55413	JAMIE L SWANSON	RESIDENTIAL	$236,200	132 ft
201 12TH AVE N E MINNEAPOLIS MN 55413	SARA WELLE & ABRAHAM WELLE	RESIDENTIAL	$330,300	136 ft
1200 3RD ST N E MINNEAPOLIS MN 55413	BRIAN VARNER	RESIDENTIAL	$184,700	140 ft
1212 3RD ST N E MINNEAPOLIS MN 55413	AUSTIN M PARRISH	RESIDENTIAL	$283,300	144 ft
208 13TH AVE N E MINNEAPOLIS MN 55413	BARBARA J FLEETHAM TRUST	RESIDENTIAL	$977,000	178 ft
1229 2ND ST N E MINNEAPOLIS MN 55413	TC RGNL CBL CHAN R E HDS LTD	COMMERCIAL-PREFERRED	$0	185 ft
212 13TH AVE N E MINNEAPOLIS MN 55413	ROBERT P SORG TRUST	COMMERCIAL-PREFERRED	$768,000	190 ft

Property History

Most Recent Sale

Date200811

Price$77,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,441