604 JEFFERSON ST N E MINNEAPOLIS MN 55413

PID: 1402924420233

Property Overview

Parcel ID1402924420233

Lot Size6,480 sq ft (0.149 ac)

Lot Dimensions (est.)81 ft wide × 80 ft deep

Year Built1900

Property ClassAPARTMENT

OwnerMATTHEW E LINDQUIST

Assessed Value$576,000

Land Value$77,800

Building Value$498,200

Annual Tax$10,939

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width68 ft

Buildable depth40 ft

Area~2,743 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 2,743 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
608 JEFFERSON ST N E MINNEAPOLIS MN 55413	ADAM G KLEIN & RENEE E KLEIN	RESIDENTIAL	$462,000	65 ft
649 SPRING ST N E MINNEAPOLIS MN 55413	MATTHEW E LINDQUIST	RESIDENTIAL-TWO UNIT	$269,000	65 ft
612 JEFFERSON ST N E MINNEAPOLIS MN 55413	NICHOLAS RYAN MORGAN	RESIDENTIAL-TWO UNIT	$370,500	105 ft
618 JEFFERSON ST N E MINNEAPOLIS MN 55413	PATRICK MCGRATH	RESIDENTIAL-TWO UNIT	$344,900	144 ft
601 ADAMS ST N E MINNEAPOLIS MN 55413	CLAREYSE E NELSON ET AL	RESIDENTIAL-TWO UNIT	$461,000	165 ft
607 JEFFERSON ST N E MINNEAPOLIS MN 55413	YEN NGUYEN & JAKE MATTHEWS	RESIDENTIAL	$354,500	166 ft
663 SPRING ST N E MINNEAPOLIS MN 55413	NICHOLAS BABINEAU	RESIDENTIAL	$339,100	166 ft
607 ADAMS ST N E MINNEAPOLIS MN 55413	BRADEN O'CONNOR	RESIDENTIAL	$461,000	166 ft
609 JEFFERSON ST N E MINNEAPOLIS MN 55413	COLLEEN MCKEE-ESPINOSA	RESIDENTIAL	$339,400	175 ft
622 JEFFERSON ST N E MINNEAPOLIS MN 55413	LOWELL D HEINE	RESIDENTIAL	$330,800	182 ft

Property History

Current Tax Year

Year2026

Tax Due$10,939