2523 SHERIDAN AVE N MINNEAPOLIS MN 55411

PID: 1702924110100

Property Overview

Parcel ID1702924110100

Lot Size5,140 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerADAM S FAGERNESS

Assessed Value$203,900

Land Value$15,000

Building Value$188,900

Annual Tax$3,318

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $19K total declared value · Most recent: Mar 2025 (existres)

ExistresMar 2025Closed

Blue Yeti Services LLC

ExistresJan 2025Closed

Blue Yeti Services LLC

MiscNov 2022Closed

$11K

HOFFMAN WEBER CONSTRUCTION INC

RemodelApr 2018Closed

$8K

James Grygar Just Us Construction And Restoration Inc

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

Neighborhood Profile

Willard - Hay · Minneapolis

Median reported rent1,168/mo

Renter-occupied38.0%

Median home value$240K

Vacancy rate9.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1020

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

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 depth89 ft

Area~2,654 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 2,654 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2517 SHERIDAN AVE N MINNEAPOLIS MN 55411	MADELINE SIMONE GASPER	RESIDENTIAL	$244,000	40 ft
2527 SHERIDAN AVE N MINNEAPOLIS MN 55411	TRAVIS ROBINSON	RESIDENTIAL	$211,600	56 ft
2515 SHERIDAN AVE N MINNEAPOLIS MN 55411	M J MYLES & D HENDERSON	RESIDENTIAL	$95,000	78 ft
2511 SHERIDAN AVE N MINNEAPOLIS MN 55411	STEVE R BICKELL	RESIDENTIAL	$169,500	116 ft
2522 THOMAS AVE N MINNEAPOLIS MN 55411	A KRUEGER & N DUPRE	RESIDENTIAL	$217,000	142 ft
2518 THOMAS AVE N MINNEAPOLIS MN 55411	CMWM LLC	RESIDENTIAL	$226,400	147 ft
2528 THOMAS AVE N MINNEAPOLIS MN 55411	DENNIS SMOYER	RESIDENTIAL	$204,300	153 ft
2507 SHERIDAN AVE N MINNEAPOLIS MN 55411	BENET N R BUSTAMANTE ET AL	RESIDENTIAL	$361,000	158 ft
2514 THOMAS AVE N MINNEAPOLIS MN 55411	KARLA JEAN NELSON	RESIDENTIAL	$191,700	162 ft
2425 WEST BROADWAY MINNEAPOLIS MN 55411	JBC 2425 W BROADWAY LLC	LAND-COMMERCIAL	$71,800	171 ft

Property History

Most Recent Sale

Date202105

Price$196,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,318