1601 NORTHROP LA MINNEAPOLIS MN 55403

PID: 2802924420157

Property Overview

Parcel ID2802924420157

Lot Size8,992 sq ft (0.206 ac)

Lot Dimensions (est.)149 ft wide × 60 ft deep

Year Built1993

Property ClassRESIDENTIAL

OwnerYOSHITO NOMURA/SARAH NOMURA

Assessed Value$1,299,000

Land Value$306,000

Building Value$993,000

Annual Tax$22,811

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2002 · $416K total declared value · Most recent: Mar 2026 (misc)

MiscMar 2026Closed

$30K

DW MOORE STUCCO INC

MiscNov 2025Final Inspection

$64K

CRAFTSMAN'S CHOICE INC

ResAug 2022Closed

Twin City Fireplace & Stone Company

RemodelJun 2022Closed

$70K

CRAFT DESIGN BUILD

ExistresNov 2020Closed

CENTERPOINT ENERGY

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 width45 ft

Buildable depth123 ft

Area~5,084 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 5,084 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
1605 NORTHROP LA MINNEAPOLIS MN 55403	T L KNABEL & K F ALLIN TRUST	RESIDENTIAL	$1,089,000	78 ft
90 GROVELAND TER MINNEAPOLIS MN 55403	DONNA K PETERSON IRREV TRUST	RESIDENTIAL	$1,165,000	123 ft
1609 NORTHROP LA MINNEAPOLIS MN 55403	S R DOERING & D M BERNDT	RESIDENTIAL	$911,900	154 ft
1600 EMERSON AVE S MINNEAPOLIS MN 55403	NORTHROP COLLEGIATE SCHOOL	LAND-COMMERCIAL	$0	169 ft
104 GROVELAND TER MINNEAPOLIS MN 55403	MOUNT CURVE COURT ASSOC	COMMON AREA	$0	220 ft
110 GROVELAND TER MINNEAPOLIS MN 55403	REDFEATHER TRUST	TOWNHOUSE	$1,147,000	236 ft
1600 NORTHROP LA MINNEAPOLIS MN 55403	GARY B ROGERS/ANNE W ROGERS	RESIDENTIAL	$738,200	243 ft
701 KENWOOD PKWY MINNEAPOLIS MN 55403	P IRVIN REVOCABLE TRUST	RESIDENTIAL	$581,200	243 ft
1604 NORTHROP LA MINNEAPOLIS MN 55403	G RITTER & A L FAIRCHILD	RESIDENTIAL	$1,246,000	248 ft
637 KENWOOD PKWY MINNEAPOLIS MN 55403	ROY SUTHERLAND/JOHN M MIZERA	RESIDENTIAL	$709,900	252 ft

Property History

Most Recent Sale

Date202110

Price$1,268,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$22,811