1401 SUMMIT AVE MINNEAPOLIS MN 55403

PID: 2802924430251

Property Overview

Parcel ID2802924430251

Lot Size18,930 sq ft (0.435 ac)

Lot Dimensions (est.)135 ft wide × 140 ft deep

Year Built1909

Property ClassCONDOMINIUM

OwnerSCOTT SEILER & ALEXIA SEILER

Assessed Value$640,000

Land Value$145,000

Building Value$495,000

Annual Tax$10,359

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2017 · $734K total declared value · Most recent: Oct 2025 (roofwind)

RoofwindOct 2025Final Inspection

$6K

ALL AROUND PROPERTY PRESERVATION

ResJun 2025Inspection

Warners Stellian Co Inc

RemodelApr 2025Inspection

$649K

GARLOCK FRENCH ROOFING

ResFeb 2025Closed

Welter and Blaylock Inc

CommfdrrJan 2025Closed

$4K

All Climate Mechanical 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 depth100 ft

Area~12,225 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 12,225 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1800 GIRARD AVE S MINNEAPOLIS MN 55403	DINA RAUKER	CONDOMINIUM	$652,000	0 ft
1802 GIRARD AVE S MINNEAPOLIS MN 55403	V GRAZIANO & L MEDIN	CONDOMINIUM	$713,000	0 ft
MN	Unknown	—	—	0 ft
1812 GIRARD AVE S MINNEAPOLIS MN 55403	R W KNUTH & S J ALBRIGHT	RESIDENTIAL	$948,000	100 ft
1801 HUMBOLDT AVE S MINNEAPOLIS MN 55403	WENDY M NELSON TRUSTEE	RESIDENTIAL	$2,503,000	137 ft
1809 HUMBOLDT AVE S MINNEAPOLIS MN 55403	SARAH WILSON SWEATT TRUST	RESIDENTIAL	$893,000	143 ft
1788 GIRARD AVE S MINNEAPOLIS MN 55403	R H DAWALD & S KAZUKEWICZ	CONDOMINIUM	$526,000	167 ft
MN	Unknown	—	—	167 ft
1790 GIRARD AVE S MINNEAPOLIS MN 55403	M LEIBOWITZ & J LEIBOWITZ	CONDOMINIUM	$509,000	167 ft
1815 HUMBOLDT AVE S MINNEAPOLIS MN 55403	STEVEN C CLAY & AMY H CLAY	RESIDENTIAL	$1,285,100	178 ft

Property History

Most Recent Sale

Date202209

Price$550,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,359