225 RUSSELL AVE S MINNEAPOLIS MN 55405

PID: 2902924110099

Property Overview

Parcel ID2902924110099

Lot Size5,099 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerELIZABETH E RICE

Assessed Value$428,700

Land Value$189,000

Building Value$239,700

Annual Tax$6,495

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · $64K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

RemodelNov 2024Closed

$8K

ALL ENERGY SOLAR INC

AccessoryAug 2024Closed

$23K

Minneapolis Garage Builders, LLC

MiscApr 2024Closed

$19K

LINDUS CONSTRUCTION

MiscSep 2020Closed

$15K

LINDUS CONSTRUCTION

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

Neighborhood Profile

Bryn - Mawr · 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 depth87 ft

Area~2,625 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 2,625 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
229 RUSSELL AVE S MINNEAPOLIS MN 55405	BRYAN J BALL	RESIDENTIAL	$358,800	40 ft
221 RUSSELL AVE S MINNEAPOLIS MN 55405	B D M SOSTEK & M J M SOSTEK	RESIDENTIAL	$471,200	40 ft
233 RUSSELL AVE S MINNEAPOLIS MN 55405	BRIAN TREECE/BRENDA BODEN	RESIDENTIAL	$483,000	80 ft
217 RUSSELL AVE S MINNEAPOLIS MN 55405	MEGAN M SOSTEK/BRIAN SOSTEK	RESIDENTIAL	$563,700	80 ft
237 RUSSELL AVE S MINNEAPOLIS MN 55405	R G ULLMAN & R J ULLMAN	RESIDENTIAL	$341,300	120 ft
215 RUSSELL AVE S MINNEAPOLIS MN 55405	JENNIFER H SAMAHA	RESIDENTIAL	$374,100	120 ft
224 QUEEN AVE S MINNEAPOLIS MN 55405	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	141 ft
220 QUEEN AVE S MINNEAPOLIS MN 55405	MATT CHRISTIE/STEVEN DINGES	RESIDENTIAL	$464,200	147 ft
228 QUEEN AVE S MINNEAPOLIS MN 55405	JANINE SIEJA & STEVEN YORE	RESIDENTIAL	$745,000	147 ft
241 RUSSELL AVE S MINNEAPOLIS MN 55405	RACHEL M WAGNER	RESIDENTIAL	$634,800	159 ft

Property History

Most Recent Sale

Date199907

Price$128,100

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$6,495