1925 GIRARD AVE S MINNEAPOLIS MN 55403

PID: 2802924430085

Property Overview

Parcel ID2802924430085

Lot Size8,623 sq ft (0.198 ac)

Lot Dimensions (est.)135 ft wide × 64 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerCODY WELCH & ANACARIZ WELCH

Assessed Value$920,600

Land Value$304,000

Building Value$616,600

Annual Tax$15,668

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

10 permits on record since 2007 · $347K total declared value · Most recent: Jan 2024 (remodel)

RemodelJan 2024Closed

$14K

CASTLE BUILDING & REMODELING INC

MiscSep 2023Closed

$15K

KAUFMAN SHEET METAL ROOFING INC

RemodelJul 2022Closed

$3K

EGRESS WINDOW GUY

ExistresJun 2021Closed

McQuillan Bros Plumbing Heating & AC LLC

MiscApr 2021Closed

$12K

WALKER ROOFING CO

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 width54 ft

Buildable depth95 ft

Area~5,116 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 5,116 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
1919 GIRARD AVE S MINNEAPOLIS MN 55403	NAME UNAVAILABLE	RESIDENTIAL	$1,319,300	67 ft
1929 GIRARD AVE S MINNEAPOLIS MN 55403	KAREN A HARRISON TRUST	CONDOMINIUM	$475,000	72 ft
1931 GIRARD AVE S MINNEAPOLIS MN 55403	JOAN M GREER TRUST	CONDOMINIUM	$468,000	72 ft
MN	Unknown	—	—	72 ft
1924 FREMONT AVE S MINNEAPOLIS MN 55403	GARY J SCOTT & JANE E SCOTT	RESIDENTIAL-TWO UNIT	$888,000	136 ft
1920 FREMONT AVE S MINNEAPOLIS MN 55403	L A ROSENTHAL/D M ROSENTHAL	TRIPLEX	$961,400	137 ft
1911 GIRARD AVE S MINNEAPOLIS MN 55403	S H NARAYAN & A GOPALASWAMY	RESIDENTIAL	$1,209,000	140 ft
1935 GIRARD AVE S MINNEAPOLIS MN 55403	T S ISENBERG & C A BARNES	CONDOMINIUM	$362,000	142 ft
1937 GIRARD AVE S MINNEAPOLIS MN 55403	CARROLL A BARNES	CONDOMINIUM	$360,000	142 ft
MN	Unknown	—	—	142 ft

Property History

Most Recent Sale

Date202510

Price$1,091,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$15,668