419 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924340093

Property Overview

Parcel ID1402924340093

Lot Size5,493 sq ft (0.126 ac)

Lot Dimensions (est.)163 ft wide × 34 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerARMANDO S MITCHELL

Assessed Value$305,100

Land Value$174,000

Building Value$131,100

Annual Tax$4,576

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

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 width23 ft

Buildable depth126 ft

Area~2,910 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 2,910 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
415 2ND ST N E MINNEAPOLIS MN 55413	JENNIFER J YOUNG	RESIDENTIAL-TWO UNIT	$369,200	34 ft
423 2ND ST N E MINNEAPOLIS MN 55413	CHRISTOPHER B LINDE	RESIDENTIAL-TWO UNIT	$558,300	48 ft
413 2ND ST N E MINNEAPOLIS MN 55413	HOLLY J WIEST REVOC TRUST	RESIDENTIAL	$261,000	67 ft
429 2ND ST N E MINNEAPOLIS MN 55413	ANDREA KIEPE JACOB	RESIDENTIAL-TWO UNIT	$498,500	100 ft
407 2ND ST N E MINNEAPOLIS MN 55413	MARCUS GATTO	RESIDENTIAL	$531,700	116 ft
433 2ND ST N E MINNEAPOLIS MN 55413	M UHLENKAMP & P GEHL	RESIDENTIAL	$407,500	152 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	E PHILLIPS AND H PHILLIPS	RESIDENTIAL-TWO UNIT	$542,700	166 ft
416 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	J ACKERMAN & C O LEHMAN	RESIDENTIAL	$403,100	172 ft
221 4TH AVE N E MINNEAPOLIS MN 55413	JOSHUA J TJADEN ET AL	RESIDENTIAL-TWO UNIT	$489,100	185 ft
428 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	JENNIFER MCFADYEN	RESIDENTIAL-TWO UNIT	$597,300	185 ft

Property History

Most Recent Sale

Date201211

Price$222,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,576