249 QUEEN AVE S MINNEAPOLIS MN 55405

PID: 2902924110063

Property Overview

Parcel ID2902924110063

Lot Size5,039 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerCARLSON LIVING TRUST

Assessed Value$473,300

Land Value$183,000

Building Value$290,300

Annual Tax$7,238

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $32K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscJul 2024Closed

$8K

BEHNKE CONSTRUCTION

MiscApr 2024Cancelled

$7K

BEHNKE CONSTRUCTION

MiscNov 2023Closed

$18K

BEHNKE CONSTRUCTION

ExistresOct 2023Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width30 ft

Buildable depth86 ft

Area~2,579 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 2,579 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
253 QUEEN AVE S MINNEAPOLIS MN 55405	TANYIA L ABEL	RESIDENTIAL	$454,900	40 ft
245 QUEEN AVE S MINNEAPOLIS MN 55405	J M PEQUIGNOT ET AL REV TR	RESIDENTIAL	$363,300	40 ft
2218 LAUREL AVE W MINNEAPOLIS MN 55405	SITHDENT LLC	COMMERCIAL-PREFERRED	$353,300	80 ft
241 QUEEN AVE S MINNEAPOLIS MN 55405	MATTHEW RYAN	RESIDENTIAL	$406,800	80 ft
237 QUEEN AVE S MINNEAPOLIS MN 55405	DION N BLANCHARD ET AL	RESIDENTIAL	$570,000	120 ft
400 CEDAR LAKE RD S MINNEAPOLIS MN 55405	DBMP LLC	TRIPLEX	$1,357,000	143 ft
248 PENN AVE S MINNEAPOLIS MN 55405	NORTHWESTERN BELL TEL CO	COMMERCIAL-PREFERRED	$1,632,000	155 ft
233 QUEEN AVE S MINNEAPOLIS MN 55405	KATHERINE V PEMBLE ETAL	RESIDENTIAL	$276,600	159 ft
248 QUEEN AVE S MINNEAPOLIS MN 55405	B R GENDLER & G I GENDLER	RESIDENTIAL	$724,600	187 ft
244 QUEEN AVE S MINNEAPOLIS MN 55405	B A TURNBULL & J A SWANSON	RESIDENTIAL	$462,800	191 ft

Property History

Most Recent Sale

Date200610

Price$375,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,238