615 RUSSELL AVE N MINNEAPOLIS MN 55411

PID: 2002924140159

Property Overview

Parcel ID2002924140159

Lot Size5,688 sq ft (0.131 ac)

Lot Dimensions (est.)142 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMALCOLM M BRUCE ET AL

Assessed Value$256,500

Land Value$24,000

Building Value$232,500

Annual Tax$3,625

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 rent1,203/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

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 depth102 ft

Area~3,065 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 3,065 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
617 RUSSELL AVE N MINNEAPOLIS MN 55411	C E HINES & S M MASON	RESIDENTIAL	$230,000	40 ft
623 RUSSELL AVE N MINNEAPOLIS MN 55411	BENSON & MALLORY RINGLE	RESIDENTIAL	$319,000	80 ft
616 SHERIDAN AVE N MINNEAPOLIS MN 55411	E T LIGHON/R A K LIGHON	RESIDENTIAL	$221,000	107 ft
625 RUSSELL AVE N MINNEAPOLIS MN 55411	S & V ROBINSON	RESIDENTIAL	$209,000	120 ft
622 SHERIDAN AVE N MINNEAPOLIS MN 55411	JANICE M BUTLER	RESIDENTIAL	$236,500	142 ft
627 RUSSELL AVE N MINNEAPOLIS MN 55411	TROY WILLIAMS	RESIDENTIAL	$169,000	160 ft
707 RUSSELL AVE N MINNEAPOLIS MN 55411	CHARLES MARTIN	RESIDENTIAL	$400,000	200 ft
614 RUSSELL AVE N MINNEAPOLIS MN 55411	SANABEL LLC	RESIDENTIAL	$155,700	202 ft
700 SHERIDAN AVE N MINNEAPOLIS MN 55411	TRIO INVESTMENTS LLC	RESIDENTIAL	$191,700	204 ft
618 RUSSELL AVE N MINNEAPOLIS MN 55411	ALESHILIGN ALEMU AMSALEWORK	RESIDENTIAL	$321,000	206 ft

Property History

Most Recent Sale

Date202601

Price$450,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,625