402 SHERIDAN AVE S MINNEAPOLIS MN 55405

PID: 2902924140131

Property Overview

Parcel ID2902924140131

Lot Size5,111 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerBETH J FRANZEN

Assessed Value$434,800

Land Value$190,000

Building Value$244,800

Annual Tax$6,598

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $54K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$40K

SCHERER BROTHERS LUMBER CO

ExistresJan 2024Closed

SODERLIN PLUMBING HEATING AND AIR

MiscOct 2023Closed

$14K

TODAYS EXTERIORS INC

ExistresMay 2019Closed

Pronto Heating & Air Conditioning Inc

ResFeb 2019Closed

Vito Mechanical Inc

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

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 width114 ft

Buildable depth0 ft

Area~2,370 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,370 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
404 SHERIDAN AVE S MINNEAPOLIS MN 55405	CONNOR MCLAUGHLIN	RESIDENTIAL-TWO UNIT	$478,800	40 ft
408 SHERIDAN AVE S MINNEAPOLIS MN 55405	M GULLICKSON / A GULLICKSON	RESIDENTIAL	$367,600	80 ft
256 SHERIDAN AVE S MINNEAPOLIS MN 55405	BARRY CHARLES SCHADE	RESIDENTIAL	$505,800	100 ft
412 SHERIDAN AVE S MINNEAPOLIS MN 55405	SHANNON CONK/KELLY RAMSBURG	RESIDENTIAL	$379,300	120 ft
252 SHERIDAN AVE S MINNEAPOLIS MN 55405	MARY KATHLEEN DEPEW	RESIDENTIAL	$486,200	140 ft
405 THOMAS AVE S MINNEAPOLIS MN 55405	PAUL TUITE/MARILEE R TUITE	RESIDENTIAL	$487,000	142 ft
409 THOMAS AVE S MINNEAPOLIS MN 55405	MARK D WILKIE	RESIDENTIAL-TWO UNIT	$493,200	158 ft
416 SHERIDAN AVE S MINNEAPOLIS MN 55405	BOYLE TRUST	RESIDENTIAL	$439,100	160 ft
257 THOMAS AVE S MINNEAPOLIS MN 55405	LISA R GOODMAN	RESIDENTIAL	$554,300	173 ft
248 SHERIDAN AVE S MINNEAPOLIS MN 55405	ADRIAN VERONICA LEWIS	RESIDENTIAL	$502,700	180 ft

Property History

Most Recent Sale

Date200810

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,598