1314 SUMMIT AVE MINNEAPOLIS MN 55403

PID: 2802924430107

Property Overview

Parcel ID2802924430107

Lot Size6,766 sq ft (0.155 ac)

Lot Dimensions (est.)68 ft wide × 100 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerJANE E TILKA/WILLIAM T DOLAN

Assessed Value$998,000

Land Value$272,000

Building Value$726,000

Annual Tax$17,131

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2002 · $166K total declared value · Most recent: Jan 2026 (res)

ResJan 2026Closed

Freedom Mechanical LLP

RemodelDec 2025Closed

$85K

JANETKA CONSTRUCTION CONSULTANTS LLC

MiscOct 2023Expired

$20K

MCPHILLIPS BROTHERS ROOFING CO

ResDec 2021Closed

Warners Stellian Co Inc

Building Re-inspectionApr 2002

$61K

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 width57 ft

Buildable depth61 ft

Area~3,462 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 3,462 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1322 SUMMIT AVE MINNEAPOLIS MN 55403	JEANNE MILBRATH	RESIDENTIAL	$922,000	67 ft
1779 GIRARD AVE S MINNEAPOLIS MN 55403	KERRY EVAN MANASTER REV TR	RESIDENTIAL	$893,600	82 ft
1782 FREMONT AVE S MINNEAPOLIS MN 55403	BRIAN GOERS/MELISSA GOERS TR	RESIDENTIAL	$910,000	104 ft
1788 FREMONT AVE S MINNEAPOLIS MN 55403	WICKERSHEIM LIV TRUST	RESIDENTIAL	$1,213,000	104 ft
1776 FREMONT AVE S MINNEAPOLIS MN 55403	A M NATHE & GLORIA F VALLEJO	RESIDENTIAL	$960,300	126 ft
1775 GIRARD AVE S MINNEAPOLIS MN 55403	VAN IWAARDEN LAVIE LIV TRUST	RESIDENTIAL	$881,300	130 ft
1801 GIRARD AVE S MINNEAPOLIS MN 55403	ILSE AKBAR & OMAR AKBAR	RESIDENTIAL	$1,402,700	152 ft
1774 FREMONT AVE S MINNEAPOLIS MN 55403	SUZANNE PRASS	RESIDENTIAL-TWO UNIT	$877,000	161 ft
1771 GIRARD AVE S MINNEAPOLIS MN 55403	C F NEWBERRY & A M NEWBERRY	RESIDENTIAL	$790,800	178 ft
1800 FREMONT AVE S MINNEAPOLIS MN 55403	B J HANSON & K B HANSON	RESIDENTIAL	$1,267,000	179 ft

Property History

Most Recent Sale

Date198308

Price$178,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$17,131