406 UPTON AVE S MINNEAPOLIS MN 55405

PID: 2902924130011

Property Overview

Parcel ID2902924130011

Lot Size4,806 sq ft (0.110 ac)

Lot Dimensions (est.)80 ft wide × 60 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerLAUREL AVENUE LLC

Assessed Value$336,500

Land Value$178,000

Building Value$158,500

Annual Tax$5,186

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $21K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscNov 2023Expired

$12K

ALLSTAR CONSTRUCTION COMMERCIAL LLC

MiscOct 2023Closed

$9K

ALLSTAR CONSTRUCTION COMMERCIAL LLC

ExistresOct 2017Closed

BOEHM HEATING

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 width50 ft

Buildable depth40 ft

Area~2,000 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 2,000 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
400 UPTON AVE S MINNEAPOLIS MN 55405	DAVID R SWEDLUND REV TRUST	RESIDENTIAL	$406,300	60 ft
412 UPTON AVE S MINNEAPOLIS MN 55405	M M ANDERSON & K LEBRUN	RESIDENTIAL	$434,500	60 ft
418 UPTON AVE S MINNEAPOLIS MN 55405	FAYE K BERNSTEIN	RESIDENTIAL	$395,000	122 ft
415 UPTON AVE S MINNEAPOLIS MN 55405	T P ALDRICH & M J ALDRICH	RESIDENTIAL	$624,800	164 ft
401 UPTON AVE S MINNEAPOLIS MN 55405	H KIM & A CAMPBELL FAMILY TR	RESIDENTIAL	$718,600	173 ft
417 UPTON AVE S MINNEAPOLIS MN 55405	KELLIE HOGETVEDT	RESIDENTIAL	$441,700	178 ft
248 UPTON AVE S MINNEAPOLIS MN 55405	N TAYLOR & B TAYLOR	RESIDENTIAL	$648,900	180 ft
424 UPTON AVE S MINNEAPOLIS MN 55405	CLARISSA FLETCHER ET AL	RESIDENTIAL	$467,300	183 ft
421 UPTON AVE S MINNEAPOLIS MN 55405	I EKMANIS & B ANDERSON	RESIDENTIAL	$490,400	200 ft
425 UPTON AVE S MINNEAPOLIS MN 55405	CAROL SLOUGH	RESIDENTIAL	$546,600	231 ft

Property History

Most Recent Sale

Date202306

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,186