331 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924340078

Property Overview

Parcel ID1402924340078

Lot Size5,592 sq ft (0.128 ac)

Lot Dimensions (est.)137 ft wide × 41 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerJACOB FEE & HALEY MADSEN

Assessed Value$551,300

Land Value$175,000

Building Value$376,300

Annual Tax$10,469

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

St. Anthony West · Minneapolis

Median reported rent1,674/mo

Renter-occupied50.5%

Median home value$467K

Vacancy rate12.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1036

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth93 ft

Area~2,978 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 2,978 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
335 2ND ST N E MINNEAPOLIS MN 55413	BURGUNDY ENTERPRISES LLC	RESIDENTIAL	$549,100	40 ft
327 2ND ST N E MINNEAPOLIS MN 55413	RANDY S DEC	RESIDENTIAL	$422,100	58 ft
339 2ND ST N E MINNEAPOLIS MN 55413	GAVIN J POINDEXTER	RESIDENTIAL-TWO UNIT	$525,800	86 ft
224 4TH AVE N E MINNEAPOLIS MN 55413	CHETNA TANDON	RESIDENTIAL	$643,400	105 ft
323 2ND ST N E MINNEAPOLIS MN 55413	JON C VAIANA	RESIDENTIAL	$418,000	122 ft
315 2ND ST N E MINNEAPOLIS MN 55413	TERRY JAMES SPOTTS	RESIDENTIAL	$389,000	186 ft
326 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ALICE MELTON	RESIDENTIAL	$386,400	189 ft
332 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ROBERT J HARWOOD	RESIDENTIAL	$353,300	195 ft
334 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	CLYDE DEAN MEIDEINGER	RESIDENTIAL	$358,000	210 ft
201 4TH AVE N E MINNEAPOLIS MN 55413	D A GABRIEL & M T M GABRIEL	RESIDENTIAL-TWO UNIT	$474,600	211 ft

Property History

Most Recent Sale

Date202012

Price$500,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,469