1408 MAIN ST N E MINNEAPOLIS MN 55413

PID: 1502924110062

Property Overview

Parcel ID1502924110062

Lot Size6,900 sq ft (0.158 ac)

Lot Dimensions (est.)100 ft wide × 69 ft deep

Year Built1953

Property ClassRESIDENTIAL-TWO UNIT

OwnerKOSTIANTYN KORCHAK ET AL

Assessed Value$519,700

Land Value$151,000

Building Value$368,700

Annual Tax$8,114

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $8K total declared value · Most recent: Jul 2021 (res)

ResJul 2021Closed

Urban Pine Plumbing and Mechanical Inc

MiscApr 2021Closed

$8K

Quality Design LLC

ExistresSep 2019Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Sheridan · Minneapolis

Median reported rent1,466/mo

Renter-occupied71.3%

Median home value$320K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 24

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 width59 ft

Buildable depth60 ft

Area~3,536 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 3,536 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1412 MAIN ST N E MINNEAPOLIS MN 55413	KEVIN A PARRIS	RESIDENTIAL-TWO UNIT	$532,800	69 ft
149 14TH AVE N E MINNEAPOLIS MN 55413	ERIN LEVERENZ HUDSON ET AL	RESIDENTIAL	$590,000	69 ft
138 15TH AVE N E MINNEAPOLIS MN 55413	C J ELLSWORTH/S J ELLSWORTH	RESIDENTIAL	$361,800	82 ft
141 14TH AVE N E MINNEAPOLIS MN 55413	SHANDAR HASAN	RESIDENTIAL-TWO UNIT	$352,900	113 ft
134 15TH AVE N E MINNEAPOLIS MN 55413	MARY OSTAPENKO-ANSTETT ET AL	RESIDENTIAL-TWO UNIT	$392,400	129 ft
139 14TH AVE N E MINNEAPOLIS MN 55413	KATHRYN KUISLE	RESIDENTIAL-TWO UNIT	$298,500	150 ft
1401 MAIN ST N E MINNEAPOLIS MN 55413	A DWORSKI & S PFLUEGER TRSTE	RESIDENTIAL-TWO UNIT	$402,700	155 ft
1419 MAIN ST N E MINNEAPOLIS MN 55413	Z A QUAMMEN & B A C QUAMMEN	RESIDENTIAL	$264,900	178 ft
132 15TH AVE N E MINNEAPOLIS MN 55413	A J OULMAN & T HOLZINGER	RESIDENTIAL	$310,600	178 ft
137 14TH AVE N E MINNEAPOLIS MN 55413	ELLIOTT P SAXTON	RESIDENTIAL-TWO UNIT	$292,100	183 ft

Property History

Most Recent Sale

Date201910

Price$314,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,114