617 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924340170

Property Overview

Parcel ID1402924340170

Lot Size14,537 sq ft (0.334 ac)

Lot Dimensions (est.)187 ft wide × 78 ft deep

Year Built2009

Property ClassAPARTMENT

OwnerROBERT J SHAHEEN TRUSTEE

Assessed Value$3,771,000

Land Value$511,300

Building Value$3,259,700

Annual Tax$71,615

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

1 permit on record since 2008 · $9 total declared value · Most recent: Sep 2008 (binb)

BinbSep 2008

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 rent1,476/mo

Renter-occupied71.0%

Median home value$413K

Vacancy rate11.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1030

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 width78 ft

Buildable depth125 ft

Area~9,771 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 9,771 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
600 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ROBERT J SHAHEEN TRUSTEE	COMMERCIAL-PREFERRED	$0	145 ft
633 2ND ST N E MINNEAPOLIS MN 55413	CHURCH OF ST BONIFACE	RESIDENTIAL	$0	165 ft
616 2ND ST N E MINNEAPOLIS MN 55413	THOMAS J JACOB ET AL SUB/L E	RESIDENTIAL	$621,200	252 ft
610 2ND ST N E MINNEAPOLIS MN 55413	NADIA PISHKO	RESIDENTIAL	$524,600	274 ft
604 2ND ST N E MINNEAPOLIS MN 55413	JACOB I MCDONALD ET AL	APARTMENT	$620,000	276 ft
206 6TH AVE N E MINNEAPOLIS MN 55413	ROBERT J SHAHEEN TRUSTEE	RESIDENTIAL	$373,000	310 ft
705 2ND ST N E MINNEAPOLIS MN 55413	NORTHEAST APARTMENTS LLC	APARTMENT	$1,505,000	341 ft
145 6TH AVE N E MINNEAPOLIS MN 55413	DANIEL S KLEIN	RESIDENTIAL	$515,600	342 ft
636 2ND ST N E MINNEAPOLIS MN 55413	MPLS PARK BOARD	COMMERCIAL-PREFERRED	$0	344 ft
216 6TH AVE N E MINNEAPOLIS MN 55413	EPARCHY OUR LADY OF LEBANON	TRIPLEX	$450,700	349 ft

Property History

Current Tax Year

Year2026

Tax Due$71,615