601 MAIN ST N E MINNEAPOLIS MN 55413

PID: 1402924330062

Property Overview

Parcel ID1402924330062

Lot Size7,838 sq ft (0.180 ac)

Lot Dimensions (est.)135 ft wide × 58 ft deep

Year Built1900

Property ClassAPARTMENT

OwnerTRIVIUM CAPITAL LLC

Assessed Value$746,000

Land Value$272,600

Building Value$473,400

Annual Tax$14,468

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

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

Max Height35 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.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width122 ft

Buildable depth18 ft

Area~4,172 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 4,172 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
609 MAIN ST N E MINNEAPOLIS MN 55413	PAUL S JABLONSKY	RESIDENTIAL-TWO UNIT	$588,200	70 ft
139 6TH AVE N E MINNEAPOLIS MN 55413	TOENJES REGIONAL PROPS LLC	RESIDENTIAL-TWO UNIT	$365,300	83 ft
617 MAIN ST N E MINNEAPOLIS MN 55413	MATTHEW TOENJES	RESIDENTIAL-TWO UNIT	$574,100	134 ft
521 MAIN ST N E MINNEAPOLIS MN 55413	FIVE TWENTY ONE LLC	APARTMENT	$5,365,500	141 ft
145 6TH AVE N E MINNEAPOLIS MN 55413	DANIEL S KLEIN	RESIDENTIAL	$515,600	149 ft
610 2ND ST N E MINNEAPOLIS MN 55413	NADIA PISHKO	RESIDENTIAL	$524,600	200 ft
513 MAIN ST N E MINNEAPOLIS MN 55413	MARY ANN SHERMAN	RESIDENTIAL	$459,400	215 ft
600 MAIN ST N E MINNEAPOLIS MN 55413	JOHN B VANCE/AMELIE COLLINS	RESIDENTIAL	$578,300	222 ft
616 2ND ST N E MINNEAPOLIS MN 55413	THOMAS J JACOB ET AL SUB/L E	RESIDENTIAL	$621,200	231 ft
610 MAIN ST N E MINNEAPOLIS MN 55413	K SILVERNAGEL & T C SUNDBOOM	RESIDENTIAL	$607,000	231 ft

Property History

Most Recent Sale

Date202309

Price$800,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$14,468