1400 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924230187

Property Overview

Parcel ID1402924230187

Lot Size4,356 sq ft (0.100 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerS & R THOMPSON

Assessed Value$276,300

Land Value$116,000

Building Value$160,300

Annual Tax$3,973

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

6 permits on record since 2017 · $58K total declared value · Most recent: Jun 2025 (res)

ResJun 2025Inspection

Warners Stellian Co Inc

RemodelApr 2025Closed

$15K

SELA ROOFING AND REMODELING INC

MiscJul 2023Expired

$23K

RENEWAL BY ANDERSEN CORP

MiscMay 2023Closed

$20K

Grandy Pines Construction LLC

ResMay 2023Closed

Urban Pine Plumbing and Mechanical 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width51 ft

Buildable depth26 ft

Area~1,323 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 1,323 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1410 2ND ST N E MINNEAPOLIS MN 55413	RYAN FEENY	RESIDENTIAL	$312,100	66 ft
171 14TH AVE N E MINNEAPOLIS MN 55413	BARRY ANDERSEN	RESIDENTIAL-TWO UNIT	$481,500	74 ft
203 14TH AVE N E MINNEAPOLIS MN 55413	LINDSEY BENNETT	RESIDENTIAL-TWO UNIT	$541,500	122 ft
1328 2ND ST N E MINNEAPOLIS MN 55413	ALLEN J RAPATZ	RESIDENTIAL-TWO UNIT	$396,500	132 ft
1416 2ND ST N E MINNEAPOLIS MN 55413	W O R BARRETO & M C MACEDO	RESIDENTIAL-TWO UNIT	$409,700	141 ft
163 14TH AVE N E MINNEAPOLIS MN 55413	ISAAC W KAMSIN	RESIDENTIAL-TWO UNIT	$635,700	144 ft
205 14TH AVE N E MINNEAPOLIS MN 55413	BURKS PROPERTIES LLC	RESIDENTIAL	$349,600	161 ft
172 14TH AVE N E MINNEAPOLIS MN 55413	A K HARDY & A M ROSENER RV T	RESIDENTIAL-TWO UNIT	$444,600	188 ft
1422 2ND ST N E MINNEAPOLIS MN 55413	T MALIBIRAN & H MALIBIRAN	RESIDENTIAL	$336,000	189 ft
202 14TH AVE N E MINNEAPOLIS MN 55413	ERIN HICKEY	RESIDENTIAL-TWO UNIT	$451,300	190 ft

Property History

Most Recent Sale

Date198405

Price$50,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,973