513 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924340106

Property Overview

Parcel ID1402924340106

Lot Size11,068 sq ft (0.254 ac)

Lot Dimensions (est.)178 ft wide × 62 ft deep

Year Built1927

Property ClassAPARTMENT

OwnerST MARON MARONITE CAT CHURCH

Assessed Value$561,000

Land Value$381,200

Building Value$179,800

Annual Tax$10,655

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

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 width57 ft

Buildable depth125 ft

Area~7,139 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 3-story wood frame (5–12 units) benchmarks for 7,139 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
206 6TH AVE N E MINNEAPOLIS MN 55413	ROBERT J SHAHEEN TRUSTEE	RESIDENTIAL	$373,000	59 ft
509 2ND ST N E MINNEAPOLIS MN 55413	SCOTT VETSCH	RESIDENTIAL	$402,200	67 ft
216 6TH AVE N E MINNEAPOLIS MN 55413	EPARCHY OUR LADY OF LEBANON	TRIPLEX	$450,700	100 ft
501 2ND ST N E MINNEAPOLIS MN 55413	ST MARON MARONITE CATH CH	RESIDENTIAL-TWO UNIT	$517,800	133 ft
510 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	JOSEPH W BERO	RESIDENTIAL	$564,000	173 ft
506 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	D E FISCHER & J A FISCHER	RESIDENTIAL	$584,400	186 ft
514 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	CLOUD REALTY LLC	TRIPLEX	$578,600	186 ft
520 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ST M MAR CATH CH-MPLS R E TR	RESIDENTIAL	$685,000	192 ft
500 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	A J KEIL & J GOKHBERG	RESIDENTIAL-TWO UNIT	$545,800	213 ft
512 2ND ST N E MINNEAPOLIS MN 55413	ROBIN COTTON & ERIN RUPP	RESIDENTIAL-TWO UNIT	$425,500	246 ft

Property History

Most Recent Sale

Date201405

Price$465,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,655