501 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924340108

Property Overview

Parcel ID1402924340108

Lot Size11,068 sq ft (0.254 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerST MARON MARONITE CATH CH

Assessed Value$517,800

Land Value$230,000

Building Value$287,800

Annual Tax$9,834

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

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 width163 ft

Buildable depth22 ft

Area~6,510 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 6,510 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
509 2ND ST N E MINNEAPOLIS MN 55413	SCOTT VETSCH	RESIDENTIAL	$402,200	67 ft
513 2ND ST N E MINNEAPOLIS MN 55413	ST MARON MARONITE CAT CHURCH	APARTMENT	$561,000	133 ft
437 2ND ST N E MINNEAPOLIS MN 55413	LEE SWITZENBERG	APARTMENT	$561,000	134 ft
208 5TH AVE N E MINNEAPOLIS MN 55413	RAINERD OLSON/ LINDA B OLSON	RESIDENTIAL	$342,200	147 ft
500 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	A J KEIL & J GOKHBERG	RESIDENTIAL-TWO UNIT	$545,800	166 ft
506 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	D E FISCHER & J A FISCHER	RESIDENTIAL	$584,400	173 ft
510 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	JOSEPH W BERO	RESIDENTIAL	$564,000	186 ft
216 6TH AVE N E MINNEAPOLIS MN 55413	EPARCHY OUR LADY OF LEBANON	TRIPLEX	$450,700	190 ft
206 6TH AVE N E MINNEAPOLIS MN 55413	ROBERT J SHAHEEN TRUSTEE	RESIDENTIAL	$373,000	191 ft
433 2ND ST N E MINNEAPOLIS MN 55413	M UHLENKAMP & P GEHL	RESIDENTIAL	$407,500	197 ft

Property History

Most Recent Sale

Date202312

Price$395,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,834