140 6TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924340122

Property Overview

Parcel ID1402924340122

Lot Size13,499 sq ft (0.310 ac)

Lot Dimensions (est.)185 ft wide × 73 ft deep

Year Built1969

Property ClassAPARTMENT

Owner140 SIXTH AVE NE LLC

Assessed Value$878,000

Land Value$464,900

Building Value$413,100

Annual Tax$16,674

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 rent1,674/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 width170 ft

Buildable depth33 ft

Area~6,244 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 6,244 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
512 2ND ST N E MINNEAPOLIS MN 55413	ROBIN COTTON & ERIN RUPP	RESIDENTIAL-TWO UNIT	$425,500	60 ft
508 2ND ST N E MINNEAPOLIS MN 55413	SHIV NATH TANDON	APARTMENT	$541,000	110 ft
604 2ND ST N E MINNEAPOLIS MN 55413	JACOB I MCDONALD ET AL	APARTMENT	$620,000	146 ft
145 6TH AVE N E MINNEAPOLIS MN 55413	DANIEL S KLEIN	RESIDENTIAL	$515,600	146 ft
521 MAIN ST N E MINNEAPOLIS MN 55413	FIVE TWENTY ONE LLC	APARTMENT	$5,365,500	166 ft
500 2ND ST N E MINNEAPOLIS MN 55413	D K BOUQUET & G BOUQUET	RESIDENTIAL	$599,300	175 ft
139 6TH AVE N E MINNEAPOLIS MN 55413	TOENJES REGIONAL PROPS LLC	RESIDENTIAL-TWO UNIT	$365,300	176 ft
513 MAIN ST N E MINNEAPOLIS MN 55413	MARY ANN SHERMAN	RESIDENTIAL	$459,400	181 ft
147 5TH AVE N E MINNEAPOLIS MN 55413	D J WIERING & L L WIERING	VACANT LAND-RESIDENTIAL	$21,000	184 ft
610 2ND ST N E MINNEAPOLIS MN 55413	NADIA PISHKO	RESIDENTIAL	$524,600	206 ft

Property History

Most Recent Sale

Date201902

Price$790,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$16,674