1604 NORTHROP LA MINNEAPOLIS MN 55403

PID: 2802924420153

Property Overview

Parcel ID2802924420153

Lot Size10,601 sq ft (0.243 ac)

Lot Dimensions (est.)134 ft wide × 79 ft deep

Year Built1993

Property ClassRESIDENTIAL

OwnerG RITTER & A L FAIRCHILD

Assessed Value$1,246,000

Land Value$327,000

Building Value$919,000

Annual Tax$21,808

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2006 · $120K total declared value · Most recent: Mar 2025 (misc)

MiscMar 2025Closed

$59K

DW MOORE STUCCO INC

MiscJul 2024Closed

$9K

Superior Builders Inc

MiscJul 2018Closed

$2K

AA Garage Door LLC

Building Re-inspectionAug 2006

$50K

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width4 ft

Buildable depth717 ft

Area~7,230 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 7,230 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1600 NORTHROP LA MINNEAPOLIS MN 55403	GARY B ROGERS/ANNE W ROGERS	RESIDENTIAL	$738,200	77 ft
1600 NORTHROP LA MINNEAPOLIS MN 55403	C SICULAR/T CAMARENA-MICHEL	VACANT LAND-RESIDENTIAL	$3,200	85 ft
1609 NORTHROP LA MINNEAPOLIS MN 55403	S R DOERING & D M BERNDT	RESIDENTIAL	$911,900	116 ft
705 KENWOOD PKWY MINNEAPOLIS MN 55403	C SICULAR/T CAMARENA-MICHEL	RESIDENTIAL	$701,500	131 ft
701 KENWOOD PKWY MINNEAPOLIS MN 55403	P IRVIN REVOCABLE TRUST	RESIDENTIAL	$581,200	136 ft
118 GROVELAND TER MINNEAPOLIS MN 55403	P J GODICH & M W GODICH	TOWNHOUSE	$1,073,200	138 ft
116 GROVELAND TER MINNEAPOLIS MN 55403	J MORIOKA & P MORIOKA	TOWNHOUSE	$999,400	141 ft
104 GROVELAND TER MINNEAPOLIS MN 55403	MOUNT CURVE COURT ASSOC	COMMON AREA	$0	144 ft
114 GROVELAND TER MINNEAPOLIS MN 55403	CRAIG ROBERT RODBY REV TRUST	TOWNHOUSE	$1,013,300	147 ft
15 SUMMIT PL MINNEAPOLIS MN 55403	L HERON & T HERON	RESIDENTIAL-ZERO LOT LINE	$728,300	159 ft

Property History

Most Recent Sale

Date202507

Price$1,315,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$21,808