504 RIVER ST MINNEAPOLIS MN 55401

PID: 2202924110115

Property Overview

Parcel ID2202924110115

Lot Size6,350 sq ft (0.146 ac)

Lot Dimensions (est.)98 ft wide × 65 ft deep

Year Built1999

Property ClassTOWNHOUSE

OwnerPAUL H & JEANNE RAVICH

Assessed Value$1,740,900

Land Value$800,000

Building Value$940,900

Annual Tax$31,306

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

7 permits on record since 2018 · $44K total declared value · Most recent: Aug 2025 (res)

ResAug 2025Inspection

Warners Stellian Co Inc

ExistresMay 2025Closed

Standard Heating and Air Conditioning Inc

MiscSep 2024Closed

$10K

RENEWAL BY ANDERSEN CORP

ResApr 2024Closed

Dean's Professional Plumbing Inc

RemodelJan 2022Closed

$15K

PARTNERS 4 DESIGN LLC

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

Neighborhood Profile

North Loop · 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 width88 ft

Buildable depth25 ft

Area~3,530 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 3,530 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
506 RIVER ST MINNEAPOLIS MN 55401	K ARMSTRONG & L ARMSTRONG	TOWNHOUSE	$1,596,400	46 ft
502 RIVER ST MINNEAPOLIS MN 55401	SUSAN A ROUSE REVOC TRUST	TOWNHOUSE	$1,586,800	46 ft
500 RIVER ST MINNEAPOLIS MN 55401	A J SMETANA & A L GODBOUT	TOWNHOUSE	$1,531,200	96 ft
510 RIVER ST MINNEAPOLIS MN 55401	SYLVIA CHESSEN KAPLAN TRUST	TOWNHOUSE	$3,353,400	118 ft
420 RIVER ST MINNEAPOLIS MN 55401	SHARON A BOEHNEN REVOC TRUST	TOWNHOUSE	$1,734,500	149 ft
511 RIVER ST MINNEAPOLIS MN 55401	M N BEINLICH & M R BEINLICH	TOWNHOUSE	$1,200,500	173 ft
512 RIVER ST MINNEAPOLIS MN 55401	D N CRARY & G S CRARY	TOWNHOUSE	$1,369,600	192 ft
513 RIVER ST MINNEAPOLIS MN 55401	JOHN R ADAIR	TOWNHOUSE	$966,200	196 ft
418 RIVER ST MINNEAPOLIS MN 55401	NAME UNAVAILABLE	TOWNHOUSE	$1,385,000	202 ft
515 RIVER ST MINNEAPOLIS MN 55401	R MERRIAM & K MERRIAM	TOWNHOUSE	$984,400	208 ft

Property History

Most Recent Sale

Date200406

Price$1,150,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$31,306