908 FRANKLIN TER MINNEAPOLIS MN 55406

PID: 2502924440023

Property Overview

Parcel ID2502924440023

Lot Size6,500 sq ft (0.149 ac)

Lot Dimensions (est.)129 ft wide × 50 ft deep

Year Built1913

Property ClassRESIDENTIAL-TWO UNIT

OwnerDIANE JANETTE MILLER

Assessed Value$486,000

Land Value$214,000

Building Value$272,000

Annual Tax$9,230

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · Most recent: Oct 2024 (res)

ResOct 2024Expired

Warners Stellian Co Inc

ResJun 2024Expired

Suburban Plumbing

ExistresNov 2022Closed

Aaztec Heating and Air Conditioning Inc

ResNov 2017Closed

EXPRESS PLUMBERS LLC

ResNov 2017Closed

EXPRESS PLUMBERS LLC

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent872/mo

Renter-occupied55.6%

Median home value$330K

Vacancy rate2.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1064

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width40 ft

Buildable depth90 ft

Area~3,600 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 3,600 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
912 FRANKLIN TER MINNEAPOLIS MN 55406	CAMERON A GORDON ET AL	RESIDENTIAL-TWO UNIT	$420,000	50 ft
902 FRANKLIN TER MINNEAPOLIS MN 55406	D J OLSON & L C OLSON	RESIDENTIAL	$592,300	69 ft
916 FRANKLIN TER MINNEAPOLIS MN 55406	PATRICIA A HERJE	RESIDENTIAL	$512,500	100 ft
917 30TH AVE S MINNEAPOLIS MN 55406	JEWEL H LUNDBERG TRUSTEE	RESIDENTIAL	$295,700	122 ft
920 FRANKLIN TER MINNEAPOLIS MN 55406	A CARROLL & A CARROLL	RESIDENTIAL	$572,900	150 ft
924 FRANKLIN TER MINNEAPOLIS MN 55406	REVIVAL PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$571,100	200 ft
904 30TH AVE S MINNEAPOLIS MN 55406	J H DICKSON/S WURZBURGER	RESIDENTIAL	$695,000	217 ft
900 30TH AVE S MINNEAPOLIS MN 55406	S D LANIER & K R VOLK	RESIDENTIAL-TWO UNIT	$465,100	221 ft
908 30TH AVE S MINNEAPOLIS MN 55406	RICHARD CARLSON	RESIDENTIAL	$189,300	221 ft
912 30TH AVE S MINNEAPOLIS MN 55406	B L DRAKE & E P GARREN TRUST	RESIDENTIAL	$335,700	235 ft

Property History

Most Recent Sale

Date201706

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,230