409 UNIVERSITY AVE N E MINNEAPOLIS MN 55413

PID: 1402924340164

Property Overview

Parcel ID1402924340164

Lot Size7,334 sq ft (0.168 ac)

Lot Dimensions (est.)128 ft wide × 57 ft deep

Year Built2005

Property ClassRESIDENTIAL

OwnerPETER ENGEBRETSON

Assessed Value$680,700

Land Value$174,000

Building Value$506,700

Annual Tax$11,172

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2005 · $258K total declared value · Most recent: Dec 2024 (addition)

AdditionDec 2024Closed

$10K

Hogan Custom Homes LLC

RemodelNov 2023Closed

$9K

Three Rivers Contracting LLC

ResAug 2022Closed

Johnson Plumbing and Heating Co

ResMay 2022Closed

4Front Energy Solutions Inc

ExistresMay 2022Closed

4Front Energy Solutions Inc

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

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width56 ft

Buildable depth71 ft

Area~3,975 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 3,975 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
415 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	HOUSE OF HEART LLC	RESIDENTIAL	$540,400	55 ft
307 4TH AVE N E MINNEAPOLIS MN 55413	T R MULHAIR & A A MULHAIR	RESIDENTIAL	$433,000	66 ft
315 4TH AVE N E MINNEAPOLIS MN 55413	JULIAN PISHKO	RESIDENTIAL	$405,200	86 ft
417 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ANGEL ROBLES/ZOILA ALVARADO	RESIDENTIAL-TWO UNIT	$503,900	90 ft
423 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	MALAKE KOZAH/GLORIA A BEDRAN	RESIDENTIAL	$383,500	138 ft
410 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	PATRICIA ANN MATHIEU	RESIDENTIAL	$346,100	180 ft
341 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ERIC T RICE/ROCHELLE M RICE	RESIDENTIAL	$737,000	191 ft
410 4TH ST N E MINNEAPOLIS MN 55413	E GUSTAFSON & K GUSTAFSON	RESIDENTIAL	$785,700	197 ft
404 4TH ST N E MINNEAPOLIS MN 55413	LINELL LANDS LLC	RESIDENTIAL	$411,900	199 ft
427 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	G HITTI & N HITTI	RESIDENTIAL	$415,500	200 ft

Property History

Most Recent Sale

Date201610

Price$444,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,172