1317 3RD ST N E MINNEAPOLIS MN 55413

PID: 1402924230186

Property Overview

Parcel ID1402924230186

Lot Size7,392 sq ft (0.170 ac)

Lot Dimensions (est.)132 ft wide × 56 ft deep

Year Built1979

Property ClassRESIDENTIAL

OwnerANDREW T KORF

Assessed Value$353,800

Land Value$156,000

Building Value$197,800

Annual Tax$5,477

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width46 ft

Buildable depth92 ft

Area~4,230 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 4,230 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1313 3RD ST N E MINNEAPOLIS MN 55413	D W KALIL & A A SCALLON	RESIDENTIAL	$428,900	48 ft
300 14TH AVE N E MINNEAPOLIS MN 55413	TAB S NESSER & LISA M NESSER	RESIDENTIAL-TWO UNIT	$500,000	85 ft
308 14TH AVE N E MINNEAPOLIS MN 55413	DANIEL SCOTT SIGELMAN	RESIDENTIAL	$254,000	94 ft
312 14TH AVE N E MINNEAPOLIS MN 55413	KATHI JO LEE	RESIDENTIAL	$295,200	98 ft
316 14TH AVE N E MINNEAPOLIS MN 55413	THOMAS M PELUF	RESIDENTIAL	$275,000	127 ft
305 13TH AVE N E MINNEAPOLIS MN 55413	P G O'BRIEN/E A O'BRIEN ETAL	RESIDENTIAL-TWO UNIT	$450,500	131 ft
301 13TH AVE N E MINNEAPOLIS MN 55413	LANCE FREDRICKSON	RESIDENTIAL-TWO UNIT	$438,000	138 ft
311 13TH AVE N E MINNEAPOLIS MN 55413	JACOB GRAVES	RESIDENTIAL-TWO UNIT	$424,200	138 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	AVENUE 13 LLC	APARTMENT	$1,398,700	176 ft
1316 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	NHH PROPERTIES I LLC	RESIDENTIAL-TWO UNIT	$323,700	197 ft

Property History

Most Recent Sale

Date200906

Price$193,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,477