1701 IRVING AVE S MINNEAPOLIS MN 55403

PID: 2802924310041

Property Overview

Parcel ID2802924310041

Lot Size8,500 sq ft (0.195 ac)

Lot Dimensions (est.)85 ft wide × 100 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerT RACCIATTI & A RACCIATTI

Assessed Value$1,650,000

Land Value$459,000

Building Value$1,191,000

Annual Tax$30,262

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2017 · $562K total declared value · Most recent: Mar 2025 (misc)

MiscMar 2025Closed

$97K

GARLOCK FRENCH ROOFING

ResAug 2022Closed

EXCEL MECHANICAL INC

RemodelAug 2022Closed

$165K

MARSDEN BUILDING & REMODELING LLC

ExistresNov 2021Closed

Metro Heating & Cooling LLC

ExistresJun 2019Closed

Midland HVAC LLC

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

Neighborhood Profile

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

Market Snapshot

Zip code 55403

Median sale price$315K+32.9% YoY

Median price / sqft$205/sqft

Median days to close111 days

Active listings62

Source: Redfin Data Center (Invalid Date) · Zip 55403

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width72 ft

Buildable depth60 ft

Area~3,910 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 3,910 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
1709 IRVING AVE S MINNEAPOLIS MN 55403	TIMOTHY J MCGANN	RESIDENTIAL	$707,000	77 ft
1505 MOUNT CURVE AVE MINNEAPOLIS MN 55403	J SCHULTZ & D KILPATRICK	RESIDENTIAL	$1,066,300	92 ft
1715 IRVING AVE S MINNEAPOLIS MN 55403	JASON SUSS & ENG HUI CHOU	RESIDENTIAL	$524,800	126 ft
1501 MOUNT CURVE AVE MINNEAPOLIS MN 55403	MARY A GRIMSTAD-BENARI ETAL	RESIDENTIAL	$741,600	168 ft
1607 MOUNT CURVE AVE MINNEAPOLIS MN 55403	BLAKE E ELLIOTT & N ELLIOTT	RESIDENTIAL	$2,298,000	169 ft
1717 IRVING AVE S MINNEAPOLIS MN 55403	M J SCHLECHT & V R KUHN	RESIDENTIAL	$803,600	177 ft
1708 IRVING AVE S MINNEAPOLIS MN 55403	CARRIE E BRASSER TRUST	RESIDENTIAL	$1,221,700	185 ft
1600 MOUNT CURVE AVE MINNEAPOLIS MN 55403	B J TUTTLE & C R BOONE	RESIDENTIAL	$2,153,000	187 ft
1704 HUMBOLDT AVE S MINNEAPOLIS MN 55403	M L FRANS & S L SEGAL	RESIDENTIAL	$924,000	191 ft
1712 IRVING AVE S MINNEAPOLIS MN 55403	JAMES J ENGELBART TRUST	RESIDENTIAL	$902,000	210 ft

Property History

Most Recent Sale

Date201510

Price$875,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$30,262