222 12TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924230143

Property Overview

Parcel ID1402924230143

Lot Size3,486 sq ft (0.080 ac)

Lot Dimensions (est.)42 ft wide × 83 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerVALUE HOMES LLC

Assessed Value$323,300

Land Value$102,000

Building Value$221,300

Annual Tax$6,139

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

3 permits on record since 2021 · $12K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$12K

Universal Windows Direct Twin Cities

ExistresFeb 2023Closed

Blue Ox Heating and Air LLC

ResMar 2021Closed

SEDGWICK HEATING & AIR CONDITIONING

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 width32 ft

Buildable depth43 ft

Area~1,377 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 1,377 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
224 12TH AVE N E MINNEAPOLIS MN 55413	VALUE HOMES LLC	RESIDENTIAL-TWO UNIT	$267,700	36 ft
226 12TH AVE N E MINNEAPOLIS MN 55413	VALUE HOMES LLC	RESIDENTIAL-TWO UNIT	$234,800	67 ft
228 12TH AVE N E MINNEAPOLIS MN 55413	VALUE HOMES LLC	RESIDENTIAL-TWO UNIT	$254,800	96 ft
215 BROADWAY ST N E MINNEAPOLIS MN 55413	CB STONEHOUSE SQUARE LP	APARTMENT	$10,200,000	153 ft
1200 3RD ST N E MINNEAPOLIS MN 55413	BRIAN VARNER	RESIDENTIAL	$184,700	162 ft
221 12TH AVE N E MINNEAPOLIS MN 55413	221 CLUB LLC	RESIDENTIAL	$355,700	190 ft
215 12TH AVE N E MINNEAPOLIS MN 55413	BO-NE LLC	TRIPLEX	$391,800	198 ft
300 12TH AVE N E MINNEAPOLIS MN 55413	J P SANDEEN & LAUREN J MARSH	RESIDENTIAL-TWO UNIT	$413,000	209 ft
1206 3RD ST N E MINNEAPOLIS MN 55413	JAMIE L SWANSON	RESIDENTIAL	$236,200	215 ft
209 12TH AVE N E MINNEAPOLIS MN 55413	WAYNE C ZWICKEY ET AL FAM TR	RESIDENTIAL	$430,300	225 ft

Property History

Most Recent Sale

Date202403

Price$1,950,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,139