623 MONROE ST N E MINNEAPOLIS MN 55413

PID: 1402924410169

Property Overview

Parcel ID1402924410169

Lot Size5,186 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1972

Property ClassRESIDENTIAL

OwnerLARRY E MILBURN ETAL

Assessed Value$343,300

Land Value$123,000

Building Value$220,300

Annual Tax$5,094

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

St. Anthony East · Minneapolis

Median reported rent1,213/mo

Renter-occupied58.9%

Median home value$337K

Vacancy rate3.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1031

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth90 ft

Area~2,688 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 small multifamily (2–4 units, wood frame) benchmarks for 2,688 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
625 MONROE ST N E MINNEAPOLIS MN 55413	LUIS EMIGDIO ROMERO NARANJO	RESIDENTIAL	$319,700	40 ft
617 MONROE ST N E MINNEAPOLIS MN 55413	JOSEPH M PALMER	RESIDENTIAL-TWO UNIT	$443,400	48 ft
629 MONROE ST N E MINNEAPOLIS MN 55413	GROCCOCAPITAL LLC	RESIDENTIAL-TWO UNIT	$422,600	80 ft
611 MONROE ST N E MINNEAPOLIS MN 55413	611 FLATS LLC	APARTMENT	$920,000	108 ft
635 MONROE ST N E MINNEAPOLIS MN 55413	B BAUTISTA & O ZEAS	RESIDENTIAL-TWO UNIT	$476,200	120 ft
622 QUINCY ST N E MINNEAPOLIS MN 55413	MICHAEL EDWIN FANGMAN	RESIDENTIAL-TWO UNIT	$376,300	139 ft
626 QUINCY ST N E MINNEAPOLIS MN 55413	JOSEPH J HOVANETZ	RESIDENTIAL	$334,000	145 ft
618 QUINCY ST N E MINNEAPOLIS MN 55413	DAVID HATHAWAY	RESIDENTIAL	$417,600	145 ft
630 QUINCY ST N E MINNEAPOLIS MN 55413	J L LEQUESNE & T F MEJAC	RESIDENTIAL-TWO UNIT	$383,000	160 ft
639 MONROE ST N E MINNEAPOLIS MN 55413	BRITT CHERRY	RESIDENTIAL	$310,900	160 ft

Property History

Current Tax Year

Year2026

Tax Due$5,094