408 8TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924310080

Property Overview

Parcel ID1402924310080

Lot Size5,392 sq ft (0.124 ac)

Lot Dimensions (est.)95 ft wide × 57 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerJOHN P/MARTINE FORTE STICHA

Assessed Value$458,200

Land Value$141,000

Building Value$317,200

Annual Tax$8,702

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

1 permit on record since 2023 · $38K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$38K

Mayday Restoration

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

St. Anthony West · Minneapolis

Median reported rent1,476/mo

Renter-occupied71.0%

Median home value$413K

Vacancy rate11.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1030

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 width30 ft

Buildable depth95 ft

Area~2,843 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 2,843 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
410 8TH AVE N E MINNEAPOLIS MN 55413	DANIEL TERSTEEG	RESIDENTIAL	$279,000	40 ft
406 8TH AVE N E MINNEAPOLIS MN 55413	KATHERINE ANNE SLIFER	RESIDENTIAL	$281,000	40 ft
416 8TH AVE N E MINNEAPOLIS MN 55413	KRISTINA MARIE GRONQUIST	RESIDENTIAL	$509,800	81 ft
400 8TH AVE N E MINNEAPOLIS MN 55413	MEGAN SETTERLUND	CONDOMINIUM	$174,000	86 ft
400 8TH AVE N E MINNEAPOLIS MN 55413	JACQUELINE JOHNSON	CONDOMINIUM	$174,000	86 ft
400 8TH AVE N E MINNEAPOLIS MN 55413	MICHELLE LYNN BOHACEK	CONDOMINIUM	$164,000	86 ft
400 8TH AVE N E MINNEAPOLIS MN 55413	MARY CASSIDY HOLMERS	CONDOMINIUM	$176,000	86 ft
MN	Unknown	—	—	86 ft
717 4TH ST N E MINNEAPOLIS MN 55413	S J HOFFMAN & M J HOFFMAN	RESIDENTIAL-TWO UNIT	$387,500	88 ft
713 4TH ST N E MINNEAPOLIS MN 55413	JUDITH M MARGET	RESIDENTIAL-TWO UNIT	$425,100	120 ft

Property History

Most Recent Sale

Date199709

Price$110,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,702