701 MAIN ST N E MINNEAPOLIS MN 55413

PID: 1402924330003

Property Overview

Parcel ID1402924330003

Lot Size7,584 sq ft (0.174 ac)

Lot Dimensions (est.)162 ft wide × 47 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerA E ANKRUM & L M ANKRUM

Assessed Value$461,800

Land Value$178,000

Building Value$283,800

Annual Tax$7,079

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

4 permits on record since 2019 · $20K total declared value · Most recent: Aug 2025 (addition)

AdditionAug 2025Final Inspection

$20K

Aaron Ankrum

ExistresOct 2022Closed

TEAM MECHANICAL INC

ResJan 2022Closed

FIRESIDE HEARTH AND HOME

ResAug 2019Closed

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

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 width38 ft

Buildable depth118 ft

Area~4,481 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 4,481 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
707 MAIN ST N E MINNEAPOLIS MN 55413	KELLY RYAN BELLIDO ET AL	RESIDENTIAL-TWO UNIT	$431,200	44 ft
711 MAIN ST N E MINNEAPOLIS MN 55413	PETER M GAMADES	RESIDENTIAL	$407,000	86 ft
715 MAIN ST N E MINNEAPOLIS MN 55413	L S KOUTSKY & C S MAGUIRE	RESIDENTIAL	$465,800	140 ft
710 2ND ST N E MINNEAPOLIS MN 55413	MPLS PUBLIC HOUSING AUTH	APARTMENT	$0	183 ft
719 MAIN ST N E MINNEAPOLIS MN 55413	BRETT BROHL & SARA BROHL	RESIDENTIAL	$300,000	203 ft
700 MAIN ST N E MINNEAPOLIS MN 55413	MICHELLE L PALO/ELDIN PALO	RESIDENTIAL	$247,700	217 ft
704 MAIN ST N E MINNEAPOLIS MN 55413	AMY MARIE BELLIDO	RESIDENTIAL	$317,200	220 ft
636 2ND ST N E MINNEAPOLIS MN 55413	MPLS PARK BOARD	COMMERCIAL-PREFERRED	$0	232 ft
140 8TH AVE N E MINNEAPOLIS MN 55413	KIMINOBU ICHIKAWA	RESIDENTIAL	$504,000	251 ft
710 MAIN ST N E MINNEAPOLIS MN 55413	MY BUI LE	TRIPLEX	$1,183,500	252 ft

Property History

Most Recent Sale

Date202106

Price$459,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,079