1200 SUMMIT AVE MINNEAPOLIS MN 55403

PID: 2802924430073

Property Overview

Parcel ID2802924430073

Lot Size13,488 sq ft (0.310 ac)

Lot Dimensions (est.)135 ft wide × 100 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerR W & C J HUFFMAN

Assessed Value$1,748,000

Land Value$364,000

Building Value$1,384,000

Annual Tax$31,867

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2016 · $219K total declared value · Most recent: Feb 2024 (misc)

MiscFeb 2024Closed

$199K

GARLOCK FRENCH ROOFING

MiscAug 2023Expired

$20K

Restor Homes LLC

ResDec 2016Closed

CHAMPION PLUMBING 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 width122 ft

Buildable depth60 ft

Area~7,319 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 7,319 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1778 EMERSON AVE S MINNEAPOLIS MN 55403	BENJAMIN ROLLER WILLIAMS	RESIDENTIAL	$1,224,300	75 ft
1774 EMERSON AVE S MINNEAPOLIS MN 55403	W & S PAYNE	RESIDENTIAL	$901,100	125 ft
1218 SUMMIT AVE MINNEAPOLIS MN 55403	VARUN B & PARUL KHARBANDA	RESIDENTIAL	$2,407,900	137 ft
1800 EMERSON AVE S MINNEAPOLIS MN 55403	M B MAHER & I A MAHER	RESIDENTIAL-TWO UNIT	$947,900	147 ft
1770 EMERSON AVE S MINNEAPOLIS MN 55403	MARKUS CAMPE & HEATHER CAMPE	RESIDENTIAL-TWO UNIT	$780,700	175 ft
1775 FREMONT AVE S MINNEAPOLIS MN 55403	JONATHAN E DEAN	CONDOMINIUM	$669,000	189 ft
1775 FREMONT AVE S MINNEAPOLIS MN 55403	DANIEL A GARCIA	CONDOMINIUM	$338,000	189 ft
MN	Unknown	—	—	189 ft
1801 FREMONT AVE S MINNEAPOLIS MN 55403	B F JACOBS & L L JACOBS	CONDOMINIUM	$526,000	190 ft
1801 FREMONT AVE S MINNEAPOLIS MN 55403	MICHAEL C & ROBERTA F MOORE	CONDOMINIUM	$583,000	190 ft

Property History

Most Recent Sale

Date198503

Price$264,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$31,867