148 12TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924230127

Property Overview

Parcel ID1402924230127

Lot Size5,290 sq ft (0.121 ac)

Lot Dimensions (est.)46 ft wide × 115 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerJOAH E COLBY-MILBRATH

Assessed Value$342,900

Land Value$128,000

Building Value$214,900

Annual Tax$5,088

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 2017 · $50K total declared value · Most recent: Apr 2023 (misc)

MiscApr 2023Closed

$50K

Viking Contractors LLC

ExistresMay 2017Closed

Pronto Heating & 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

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 width36 ft

Buildable depth75 ft

Area~2,701 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 2,701 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
154 12TH AVE N E MINNEAPOLIS MN 55413	NORDEAST BIRD SEN LLC ET AL	TRIPLEX	$508,500	50 ft
1125 MAIN ST N E MINNEAPOLIS MN 55413	MICHAEL P REID	RESIDENTIAL	$282,600	89 ft
1115 MAIN ST N E MINNEAPOLIS MN 55413	MWH 17 LLC	APARTMENT	$1,163,000	92 ft
1129 MAIN ST N E MINNEAPOLIS MN 55413	RICHARD A CLAYDON	RESIDENTIAL	$368,700	96 ft
1119 MAIN ST N E MINNEAPOLIS MN 55413	R CLAYDON & W CLAYDON	RESIDENTIAL-TWO UNIT	$398,000	97 ft
1124 2ND ST N E MINNEAPOLIS MN 55413	SHIV NATH TANDON	APARTMENT	$548,000	126 ft
1118 2ND ST N E MINNEAPOLIS MN 55413	S N TANDON & M TANDON	TRIPLEX	$330,900	134 ft
1116 2ND ST N E MINNEAPOLIS MN 55413	SHIV NATH TANDON	RESIDENTIAL	$405,600	153 ft
1101 MAIN ST N E MINNEAPOLIS MN 55413	1101 MAIN LLC	CONDOMINIUM	$183,000	170 ft
1101 MAIN ST N E MINNEAPOLIS MN 55413	1101 MAIN LLC	CONDOMINIUM	$183,000	170 ft

Property History

Most Recent Sale

Date201910

Price$36,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$5,088