1120 VINCENT AVE S MINNEAPOLIS MN 55405

PID: 2902924420121

Property Overview

Parcel ID2902924420121

Lot Size9,882 sq ft (0.227 ac)

Lot Dimensions (est.)188 ft wide × 53 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerRICHARD N HEDLUND

Assessed Value$460,900

Land Value$277,000

Building Value$183,900

Annual Tax$7,036

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $20K total declared value · Most recent: Mar 2024 (res)

ResMar 2024Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

MiscOct 2023Closed

$20K

Mayday Restoration

ExistresMar 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

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 width40 ft

Buildable depth158 ft

Area~6,203 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 6,203 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1116 VINCENT AVE S MINNEAPOLIS MN 55405	DRK ENDEAVORS LLC	RESIDENTIAL-TWO UNIT	$610,100	54 ft
1135 CEDAR VIEW CIR MINNEAPOLIS MN 55405	BRUCE JARVIS & ALISON JARVIS	RESIDENTIAL	$576,000	72 ft
1124 VINCENT AVE S MINNEAPOLIS MN 55405	YOSHAN PEIRIS & ANNE PEIRIS	RESIDENTIAL	$420,000	88 ft
1112 VINCENT AVE S MINNEAPOLIS MN 55405	CONRAD SCHOENLEBER	RESIDENTIAL	$738,700	109 ft
1139 CEDAR VIEW CIR MINNEAPOLIS MN 55405	MARK WILLMERT	RESIDENTIAL	$739,400	148 ft
1121 WASHBURN AVE S MINNEAPOLIS MN 55405	MILLY MOHR & ANGELA FRUCCI	RESIDENTIAL	$501,200	158 ft
1130 VINCENT AVE S MINNEAPOLIS MN 55405	RONALD PARRIE WEISMAN	RESIDENTIAL	$422,900	159 ft
1117 WASHBURN AVE S MINNEAPOLIS MN 55405	CRAIG ANDERSON & TARA KAUR	RESIDENTIAL	$774,700	163 ft
1108 VINCENT AVE S MINNEAPOLIS MN 55405	R MAHESHWARI/JOHN O OYAKHIRE	RESIDENTIAL	$692,000	165 ft
1134 CEDAR VIEW CIR MINNEAPOLIS MN 55405	M J BISPING & K W HAVEY	RESIDENTIAL	$587,800	165 ft

Property History

Most Recent Sale

Date198612

Price$104,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,036