308 12TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924230152

Property Overview

Parcel ID1402924230152

Lot Size3,630 sq ft (0.083 ac)

Lot Dimensions (est.)33 ft wide × 110 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMARY E FORKENBROCK

Assessed Value$229,200

Land Value$104,000

Building Value$125,200

Annual Tax$3,184

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

5 permits on record since 2017 · $33K total declared value · Most recent: Oct 2019 (misc)

MiscOct 2019Closed

$13K

BUILDERS AND REMODELERS INC

MiscJun 2017Closed

$4K

CRAFT MASTERS REMODELING INC

MiscJun 2017Cancelled

$11K

CRAFT MASTERS REMODELING INC

ResMar 2017Closed

CENTERPOINT ENERGY

MiscFeb 2017Closed

$5K

BUILDERS AND REMODELERS 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 width23 ft

Buildable depth70 ft

Area~1,610 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 1,610 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
314 12TH AVE N E MINNEAPOLIS MN 55413	RAYMOND REMODELS LLC	RESIDENTIAL	$341,100	33 ft
306 12TH AVE N E MINNEAPOLIS MN 55413	VALUE HOMES LLC	RESIDENTIAL-TWO UNIT	$238,100	35 ft
304 12TH AVE N E MINNEAPOLIS MN 55413	VICTORIA HIDALGO GONZALEZ	RESIDENTIAL-TWO UNIT	$352,800	67 ft
1123 3RD ST N E MINNEAPOLIS MN 55413	TIMOTHY S KENNEDY	RESIDENTIAL-TWO UNIT	$354,600	97 ft
1118 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	MCDONALDS CORPORATION	LAND-COMMERCIAL	$142,600	115 ft
1122 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	HERMACH INVESTMENTS LLC	RESIDENTIAL	$206,000	116 ft
300 12TH AVE N E MINNEAPOLIS MN 55413	J P SANDEEN & LAUREN J MARSH	RESIDENTIAL-TWO UNIT	$413,000	116 ft
1126 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	JULIA MARLENE BATRES	RESIDENTIAL	$372,100	120 ft
1120 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	MCDONALD'S CORPORATION	LAND-COMMERCIAL	$84,500	126 ft
MN	Unknown	—	—	146 ft

Property History

Current Tax Year

Year2026

Tax Due$3,184