406 RIVER ST MINNEAPOLIS MN 55401

PID: 2202924110017

Property Overview

Parcel ID2202924110017

Lot Size5,534 sq ft (0.127 ac)

Lot Dimensions (est.)138 ft wide × 40 ft deep

Year Built1997

Property ClassTOWNHOUSE

OwnerCARRIE L LINDHAL

Assessed Value$1,444,500

Land Value$648,000

Building Value$796,500

Annual Tax$25,677

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — St. Anthony Falls

Development Opportunities

Historic district — St. Anthony FallsHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

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 rent2,098/mo

Renter-occupied65.1%

Median home value$370K

Vacancy rate7.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1262.02

Market Snapshot

Zip code 55401

Median sale price$410K-14.2% YoY

Median price / sqft$331/sqft

Median days to close70 days

Active listings86

Source: Redfin Data Center (Invalid Date) · Zip 55401

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 width128 ft

Buildable depth0 ft

Area~2,939 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,939 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
408 RIVER ST MINNEAPOLIS MN 55401	MARTIN DAVIS & JESSICA DAVIS	TOWNHOUSE	$1,389,900	43 ft
404 RIVER ST MINNEAPOLIS MN 55401	KAREN J JOHNSON REV TRUST	TOWNHOUSE	$1,463,800	43 ft
2 4TH AVE N MINNEAPOLIS MN 55401	LANDINGS HOA INC	VACANT LAND-RESIDENTIAL	$157,000	83 ft
410 RIVER ST MINNEAPOLIS MN 55401	T BEINLICH & A BEINLICH	TOWNHOUSE	$1,658,500	87 ft
402 RIVER ST MINNEAPOLIS MN 55401	BEN M HENSCHEL	TOWNHOUSE	$1,469,100	91 ft
402 RIVER ST MINNEAPOLIS MN 55401	THE LDNGS HMEOWNRS ASSC INC	COMMON AREA	$0	129 ft
412 RIVER ST MINNEAPOLIS MN 55401	DAVID T NASSIF REVOC TRUST	TOWNHOUSE	$2,240,600	136 ft
400 RIVER PKWY W MINNEAPOLIS MN 55401	CITY OF MPLS PARK BD	LAND-COMMERCIAL	$0	146 ft
400 RIVER ST MINNEAPOLIS MN 55401	ANN R QUIRING TRUST	TOWNHOUSE	$1,510,800	147 ft
414 RIVER ST MINNEAPOLIS MN 55401	DANIEL E GUSTAFSON	TOWNHOUSE	$1,278,700	189 ft

Property History

Most Recent Sale

Date200012

Price$40,000

Type—

Current Tax Year

Year2026

Tax Due$25,677