604 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924330054

Property Overview

Parcel ID1402924330054

Lot Size5,340 sq ft (0.123 ac)

Lot Dimensions (est.)101 ft wide × 53 ft deep

Year Built1887

Property ClassAPARTMENT

OwnerJACOB I MCDONALD ET AL

Assessed Value$620,000

Land Value$46,200

Building Value$108,800

Annual Tax$11,114

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

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 width86 ft

Buildable depth13 ft

Area~2,084 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 2,084 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
610 2ND ST N E MINNEAPOLIS MN 55413	NADIA PISHKO	RESIDENTIAL	$524,600	78 ft
145 6TH AVE N E MINNEAPOLIS MN 55413	DANIEL S KLEIN	RESIDENTIAL	$515,600	83 ft
616 2ND ST N E MINNEAPOLIS MN 55413	THOMAS J JACOB ET AL SUB/L E	RESIDENTIAL	$621,200	139 ft
140 6TH AVE N E MINNEAPOLIS MN 55413	140 SIXTH AVE NE LLC	APARTMENT	$878,000	146 ft
139 6TH AVE N E MINNEAPOLIS MN 55413	TOENJES REGIONAL PROPS LLC	RESIDENTIAL-TWO UNIT	$365,300	149 ft
512 2ND ST N E MINNEAPOLIS MN 55413	ROBIN COTTON & ERIN RUPP	RESIDENTIAL-TWO UNIT	$425,500	204 ft
609 MAIN ST N E MINNEAPOLIS MN 55413	PAUL S JABLONSKY	RESIDENTIAL-TWO UNIT	$588,200	218 ft
206 6TH AVE N E MINNEAPOLIS MN 55413	ROBERT J SHAHEEN TRUSTEE	RESIDENTIAL	$373,000	225 ft
601 MAIN ST N E MINNEAPOLIS MN 55413	TRIVIUM CAPITAL LLC	APARTMENT	$746,000	232 ft
617 MAIN ST N E MINNEAPOLIS MN 55413	MATTHEW TOENJES	RESIDENTIAL-TWO UNIT	$574,100	246 ft

Property History

Most Recent Sale

Date202106

Price$638,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,114