1720 FRANKLIN AVE W MINNEAPOLIS MN 55405

PID: 2802924340145

Property Overview

Parcel ID2802924340145

Lot Size16,740 sq ft (0.384 ac)

Lot Dimensions (est.)135 ft wide × 124 ft deep

Year Built1927

Property ClassRESIDENTIAL-TWO UNIT

OwnerELIZABETH G REDLEAF

Assessed Value$3,422,300

Land Value$633,000

Building Value$2,789,300

Annual Tax$64,272

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2008 · $137K total declared value · Most recent: Sep 2008 (building re-inspection)

Building Re-inspectionSep 2008

$137K

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 55405

Median sale price$540K+10.8% YoY

Median price / sqft$268/sqft

Median days to close21 days

Active listings52

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width122 ft

Buildable depth84 ft

Area~10,254 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 10,254 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1929 KNOX AVE S MINNEAPOLIS MN 55403	SARAH DOUGHERTY REKAS	RESIDENTIAL	$2,037,000	117 ft
1936 JAMES AVE S MINNEAPOLIS MN 55403	CAITLIN HEMMERICH & KEVIN HA	RESIDENTIAL	$1,139,600	136 ft
1940 JAMES AVE S MINNEAPOLIS MN 55403	C R DOUGALL & B K O DOUGALL	RESIDENTIAL	$1,138,100	138 ft
1932 JAMES AVE S MINNEAPOLIS MN 55403	P & S COLICH	RESIDENTIAL	$1,164,000	152 ft
1928 JAMES AVE S MINNEAPOLIS MN 55403	J G KAPANKE & S M KAPANKE	RESIDENTIAL	$1,029,100	181 ft
2004 JAMES AVE S MINNEAPOLIS MN 55405	KENDRA C REICHENAU REV TRUST	RESIDENTIAL	$1,784,400	195 ft
1950 KNOX AVE S MINNEAPOLIS MN 55403	ANN R MACDONALD REV TRUST	RESIDENTIAL	$2,115,800	198 ft
1923 KNOX AVE S MINNEAPOLIS MN 55403	JOSEPH BENJAMIN LILLEGARD	RESIDENTIAL	$2,279,000	215 ft
1924 JAMES AVE S MINNEAPOLIS MN 55403	ANDREW BUNNEY & ANYA BUNNEY	RESIDENTIAL	$1,142,200	218 ft
1940 KNOX AVE S MINNEAPOLIS MN 55403	ZENAS W HUTCHESON III ET AL	RESIDENTIAL	$2,294,000	224 ft

Property History

Most Recent Sale

Date199701

Price$944,950

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$64,272