300 2ND ST S MINNEAPOLIS MN 55401

PID: 2302924310467

Property Overview

Parcel ID2302924310467

Lot Size49,742 sq ft (1.142 ac)

Lot Dimensions (est.)332 ft wide × 150 ft deep

Year Built2015

Property ClassLOW INCOME RENTAL

Owner322 SECOND STREET APTS LP

Assessed Value$24,760,000

Land Value$4,675,600

Building Value$18,643,400

Annual Tax$140,889

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 ↗

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

19 permits on record since 2016 · $843K total declared value · Most recent: Apr 2021 (comnofdbv)

ComnofdbvApr 2021Closed

NORTHLAND MECHANICAL CONTRACTORS, INC

ComnofdbvDec 2019Closed

Center Point Plumbing LLC

RemodelOct 2019Closed

$25K

AJ RESIDENTIAL LLC

ComnofdbvOct 2018Closed

SIGNATURE MECHANICAL INC

Commercial Multi-FamilyJul 2018Closed

$26K

Aircorps LLC

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

Neighborhood Profile

Downtown West · Minneapolis

Median reported rent1,711/mo

Renter-occupied65.0%

Median home value$325K

Vacancy rate8.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1261.01

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

DT1Downtown Center

Downtown Center 1 — urban core district

Typical Uses

·Office towers
·Hotels
·High-rise residential
·Entertainment
·Retail

Development Potential

Setbacks

Front0 ft

Side (each)0 ft

Rear0 ft

Estimated Buildable Footprint

Buildable width332 ft

Buildable depth150 ft

Area~49,800 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
101 3RD AVE S MINNEAPOLIS MN 55401	BARREL HOUSE LLC	COMMERCIAL-PREFERRED	$7,710,000	146 ft
201 3RD AVE S MINNEAPOLIS MN 55401	FREIGHTHOUSE MN LLC	COMMERCIAL-PREFERRED	$539,100	222 ft
150 3RD AVE S MINNEAPOLIS MN 55401	FASCHING VENTURES LLC	COMMERCIAL-PREFERRED	$450,000	261 ft
100 3RD AVE S MINNEAPOLIS MN 55401	SHARON ELMORE & THOMAS DOYLE	CONDOMINIUM	$593,800	319 ft
100 3RD AVE S MINNEAPOLIS MN 55401	DAVID H CAMERON	CONDOMINIUM	$500,700	319 ft
100 3RD AVE S MINNEAPOLIS MN 55401	ROBIN STEINKE	CONDOMINIUM	$563,400	319 ft
100 3RD AVE S MINNEAPOLIS MN 55401	KAREN L BOWIE	CONDOMINIUM	$388,600	319 ft
100 3RD AVE S MINNEAPOLIS MN 55401	HOLLY M THOMPSON DEERING	CONDOMINIUM	$387,600	319 ft
100 3RD AVE S MINNEAPOLIS MN 55401	VALERIE S GOLDEN	CONDOMINIUM	$369,600	319 ft
100 3RD AVE S MINNEAPOLIS MN 55401	RYAN ROTRAMEL/ALISE ROTRAMEL	CONDOMINIUM	$353,400	319 ft

Property History

Current Tax Year

Year2026

Tax Due$140,889