1248 RUSSELL AVE N MINNEAPOLIS MN 55411

PID: 2002924110039

Property Overview

Parcel ID2002924110039

Lot Size10,316 sq ft (0.237 ac)

Lot Dimensions (est.)129 ft wide × 80 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerINGRID M ALEXANDER

Assessed Value$298,900

Land Value$32,000

Building Value$266,900

Annual Tax$4,537

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $36K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$23K

SELA ROOFING AND REMODELING INC

ResJul 2023Closed

Lake State Plumbing LLC

ResApr 2019Closed

Urban Pine Plumbing and Mechanical Inc

ResMar 2018Closed

FRANK MOTZKO PLUMBING LLC

RemodelFeb 2018Closed

$13K

CORTLAND CONSTRUCTION

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

Neighborhood Profile

Willard - Hay · Minneapolis

Median reported rent1,203/mo

Renter-occupied33.4%

Median home value$254K

Vacancy rate1.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 32

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width70 ft

Buildable depth89 ft

Area~6,223 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 3-story wood frame (5–12 units) benchmarks for 6,223 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1254 RUSSELL AVE N MINNEAPOLIS MN 55411	2309 PLYMOUTH AVE N LLC LP	LOW INCOME RENTAL	$4,004,000	68 ft
1244 RUSSELL AVE N MINNEAPOLIS MN 55411	ROBIN L CROCKETTE	RESIDENTIAL	$363,900	69 ft
1240 RUSSELL AVE N MINNEAPOLIS MN 55411	JAVIER SAMPEDRO	RESIDENTIAL	$380,000	127 ft
1251 QUEEN AVE N MINNEAPOLIS MN 55411	VERONICA A PALACIOS	RESIDENTIAL	$293,600	143 ft
2309 PLYMOUTH AVE N MINNEAPOLIS MN 55411	2309 PLYMOUTH AVE N LLC LP	LOW INCOME RENTAL	$6,006,000	153 ft
1245 QUEEN AVE N MINNEAPOLIS MN 55411	A M ZUMPANO & N C COMBRINK	RESIDENTIAL	$348,300	161 ft
1236 RUSSELL AVE N MINNEAPOLIS MN 55411	LLOYD MELVIN SCHLEY	RESIDENTIAL	$292,400	184 ft
1247 RUSSELL AVE N MINNEAPOLIS MN 55411	ASHLEY S DUBOSE	RESIDENTIAL	$392,400	188 ft
1251 RUSSELL AVE N MINNEAPOLIS MN 55411	VIRGINIA M RICE	RESIDENTIAL	$173,000	192 ft
1243 RUSSELL AVE N MINNEAPOLIS MN 55411	G A & M B CLARK	RESIDENTIAL	$289,100	195 ft

Property History

Most Recent Sale

Date201304

Price$177,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,537