418 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924340127

Property Overview

Parcel ID1402924340127

Lot Size8,387 sq ft (0.193 ac)

Lot Dimensions (est.)171 ft wide × 49 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerLAWRENCE M HAUGBERG ET AL

Assessed Value$316,000

Land Value$206,000

Building Value$110,000

Annual Tax$4,638

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

1 permit on record since 2025 · $10K total declared value · Most recent: Nov 2025 (misc)

MiscNov 2025Closed

$10K

Lawrence Haugberg

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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 width40 ft

Buildable depth128 ft

Area~5,107 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 5,107 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
422 2ND ST N E MINNEAPOLIS MN 55413	TRAILHEAD RENTALS LLC	RESIDENTIAL-TWO UNIT	$479,100	46 ft
414 2ND ST N E MINNEAPOLIS MN 55413	D R HUETTL & N A AXELSON	RESIDENTIAL	$459,100	58 ft
430 2ND ST N E MINNEAPOLIS MN 55413	M A BRAGE/J A BRAGE/M BRAGE	RESIDENTIAL-TWO UNIT	$666,800	110 ft
410 2ND ST N E MINNEAPOLIS MN 55413	400 NE 2ND ST OWNER 1 ETAL	APARTMENT	$6,348,000	125 ft
423 MAIN ST N E MINNEAPOLIS MN 55413	EHSAN F HASSAN ET AL	RESIDENTIAL	$518,000	172 ft
434 2ND ST N E MINNEAPOLIS MN 55413	ANTHONY WAYNE DIRKSEN	RESIDENTIAL	$316,400	175 ft
417 MAIN ST N E MINNEAPOLIS MN 55413	GEORGE HARK	RESIDENTIAL	$459,400	177 ft
429 MAIN ST N E MINNEAPOLIS MN 55413	DANIEL M JACOB	RESIDENTIAL	$512,000	199 ft
142 5TH AVE N E MINNEAPOLIS MN 55413	MAYA & ASSOCIATES LLC	RESIDENTIAL-TWO UNIT	$552,800	205 ft
400 2ND ST N E MINNEAPOLIS MN 55413	400 NE 2ND ST OWNER 1 ETAL	APARTMENT	$9,522,000	208 ft

Property History

Current Tax Year

Year2026

Tax Due$4,638