1606 MAIN ST N E MINNEAPOLIS MN 55413

PID: 1502924110093

Property Overview

Parcel ID1502924110093

Lot Size6,026 sq ft (0.138 ac)

Lot Dimensions (est.)120 ft wide × 50 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerCATAN VENTURES LLC

Assessed Value$388,200

Land Value$144,000

Building Value$244,200

Annual Tax$6,742

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

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 width40 ft

Buildable depth81 ft

Area~3,219 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 3,219 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1610 MAIN ST N E MINNEAPOLIS MN 55413	BRIAN A & PATRICIA J SMITH	RESIDENTIAL	$338,000	50 ft
1600 MAIN ST N E MINNEAPOLIS MN 55413	MICHAEL GIACOMINI	RESIDENTIAL	$497,000	50 ft
1614 MAIN ST N E MINNEAPOLIS MN 55413	PAUL R HALLMAN	RESIDENTIAL	$323,000	100 ft
119 16TH AVE N E MINNEAPOLIS MN 55413	PATRICIA L ELLIOTT	RESIDENTIAL-TWO UNIT	$268,700	105 ft
1607 CALIFORNIA ST N E MINNEAPOLIS MN 55413	JAIDE PLANK	RESIDENTIAL-TWO UNIT	$286,200	132 ft
1609 CALIFORNIA ST N E MINNEAPOLIS MN 55413	GREGORY R MELLAS	RESIDENTIAL	$520,000	141 ft
1618 MAIN ST N E MINNEAPOLIS MN 55413	JOEL HILDEN & ANNIE KRAPEK	RESIDENTIAL	$380,000	150 ft
1526 MAIN ST N E MINNEAPOLIS MN 55413	KAYLA BREIT	RESIDENTIAL	$397,000	160 ft
1601 CALIFORNIA ST N E MINNEAPOLIS MN 55413	KALE R JOHNSON	RESIDENTIAL-TWO UNIT	$344,300	162 ft
1613 CALIFORNIA ST N E MINNEAPOLIS MN 55413	E DAHLGREN & M B JASS	RESIDENTIAL	$311,700	165 ft

Property History

Most Recent Sale

Date202112

Price$260,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$6,742