429 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924340168

Property Overview

Parcel ID1402924340168

Lot Size6,741 sq ft (0.155 ac)

Lot Dimensions (est.)166 ft wide × 41 ft deep

Year Built1910

Property ClassRESIDENTIAL-TWO UNIT

OwnerANDREA KIEPE JACOB

Assessed Value$498,500

Land Value$189,000

Building Value$309,500

Annual Tax$9,467

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

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 width27 ft

Buildable depth142 ft

Area~3,857 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 3,857 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
433 2ND ST N E MINNEAPOLIS MN 55413	M UHLENKAMP & P GEHL	RESIDENTIAL	$407,500	51 ft
423 2ND ST N E MINNEAPOLIS MN 55413	CHRISTOPHER B LINDE	RESIDENTIAL-TWO UNIT	$558,300	52 ft
419 2ND ST N E MINNEAPOLIS MN 55413	ARMANDO S MITCHELL	RESIDENTIAL	$305,100	100 ft
437 2ND ST N E MINNEAPOLIS MN 55413	LEE SWITZENBERG	APARTMENT	$561,000	118 ft
208 5TH AVE N E MINNEAPOLIS MN 55413	RAINERD OLSON/ LINDA B OLSON	RESIDENTIAL	$342,200	131 ft
415 2ND ST N E MINNEAPOLIS MN 55413	JENNIFER J YOUNG	RESIDENTIAL-TWO UNIT	$369,200	134 ft
428 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	JENNIFER MCFADYEN	RESIDENTIAL-TWO UNIT	$597,300	166 ft
413 2ND ST N E MINNEAPOLIS MN 55413	HOLLY J WIEST REVOC TRUST	RESIDENTIAL	$261,000	167 ft
432 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	TONY R LIPA	RESIDENTIAL-TWO UNIT	$481,100	172 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	E PHILLIPS AND H PHILLIPS	RESIDENTIAL-TWO UNIT	$542,700	185 ft

Property History

Current Tax Year

Year2026

Tax Due$9,467