423 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924340169

Property Overview

Parcel ID1402924340169

Lot Size10,403 sq ft (0.239 ac)

Lot Dimensions (est.)176 ft wide × 59 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerCHRISTOPHER B LINDE

Assessed Value$558,300

Land Value$222,000

Building Value$336,300

Annual Tax$8,848

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

2 permits on record since 2017 · $10K total declared value · Most recent: Oct 2024 (addition)

AdditionOct 2024Closed

$10K

Christopher B Linde

ExistresNov 2017Expired

Patton Heating And Air Conditioning 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

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 width53 ft

Buildable depth125 ft

Area~6,632 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 6,632 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
419 2ND ST N E MINNEAPOLIS MN 55413	ARMANDO S MITCHELL	RESIDENTIAL	$305,100	48 ft
429 2ND ST N E MINNEAPOLIS MN 55413	ANDREA KIEPE JACOB	RESIDENTIAL-TWO UNIT	$498,500	52 ft
415 2ND ST N E MINNEAPOLIS MN 55413	JENNIFER J YOUNG	RESIDENTIAL-TWO UNIT	$369,200	82 ft
433 2ND ST N E MINNEAPOLIS MN 55413	M UHLENKAMP & P GEHL	RESIDENTIAL	$407,500	103 ft
413 2ND ST N E MINNEAPOLIS MN 55413	HOLLY J WIEST REVOC TRUST	RESIDENTIAL	$261,000	115 ft
407 2ND ST N E MINNEAPOLIS MN 55413	MARCUS GATTO	RESIDENTIAL	$531,700	164 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	E PHILLIPS AND H PHILLIPS	RESIDENTIAL-TWO UNIT	$542,700	168 ft
428 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	JENNIFER MCFADYEN	RESIDENTIAL-TWO UNIT	$597,300	169 ft
437 2ND ST N E MINNEAPOLIS MN 55413	LEE SWITZENBERG	APARTMENT	$561,000	169 ft
208 5TH AVE N E MINNEAPOLIS MN 55413	RAINERD OLSON/ LINDA B OLSON	RESIDENTIAL	$342,200	179 ft

Property History

Current Tax Year

Year2026

Tax Due$8,848