1940 KNOX AVE S MINNEAPOLIS MN 55403

PID: 2802924340003

Property Overview

Parcel ID2802924340003

Lot Size12,478 sq ft (0.286 ac)

Lot Dimensions (est.)193 ft wide × 65 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerZENAS W HUTCHESON III ET AL

Assessed Value$2,294,000

Land Value$959,000

Building Value$1,335,000

Annual Tax$41,894

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2005 · $685K total declared value · Most recent: Dec 2005 (building re-inspection)

Building Re-inspectionDec 2005

$685K

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width180 ft

Buildable depth25 ft

Area~8,981 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 sfr / adu benchmarks for 8,981 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1950 KNOX AVE S MINNEAPOLIS MN 55403	ANN R MACDONALD REV TRUST	RESIDENTIAL	$2,115,800	72 ft
1930 KNOX AVE S MINNEAPOLIS MN 55403	MATTHEW T MACH & RITA MEHTA	RESIDENTIAL	$1,881,000	87 ft
1917 LOGAN AVE S MINNEAPOLIS MN 55403	SAINT PAULS EPISCOPAL PARISH	COMMERCIAL-PREFERRED	$0	153 ft
1920 KNOX AVE S MINNEAPOLIS MN 55403	H C LLOP & V S LLOP	RESIDENTIAL	$1,430,000	178 ft
1720 FRANKLIN AVE W MINNEAPOLIS MN 55405	ELIZABETH G REDLEAF	RESIDENTIAL-TWO UNIT	$3,422,300	224 ft
1929 KNOX AVE S MINNEAPOLIS MN 55403	SARAH DOUGHERTY REKAS	RESIDENTIAL	$2,037,000	228 ft
2009 E LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	CITY OF MPLS PK BD	VACANT LAND-RESIDENTIAL	$0	259 ft
1916 KNOX AVE S MINNEAPOLIS MN 55403	S J KOVARIK & K KOVARIK	RESIDENTIAL	$1,409,000	262 ft
1915 LOGAN AVE S MINNEAPOLIS MN 55403	SCOTT CROUSE REVOCABLE TRUST	RESIDENTIAL	$1,400,000	268 ft
1721 FRANKLIN AVE W MINNEAPOLIS MN 55405	485 LLC	RESIDENTIAL	$1,005,000	269 ft

Property History

Most Recent Sale

Date200410

Price$1,495,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$41,894