1985 QUEEN AVE S MINNEAPOLIS MN 55405

PID: 2902924440050

Property Overview

Parcel ID2902924440050

Lot Size14,994 sq ft (0.344 ac)

Lot Dimensions (est.)152 ft wide × 98 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerJ C DIRACLES & D A WELDELE

Assessed Value$1,449,000

Land Value$479,000

Building Value$970,000

Annual Tax$25,664

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $8K total declared value · Most recent: Feb 2026 (res)

ResFeb 2026Inspection

FIRESIDE HEARTH AND HOME

ExistresJun 2024Closed

Pronto Heating & Air Conditioning Inc

MiscOct 2023Closed

$8K

EVERGREEN CONSTRUCTION CO., INC.

ResJul 2017Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Kenwood · Minneapolis

Median reported rent1,749/mo

Renter-occupied47.2%

Median home value$827K

Vacancy rate7.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1065

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 width74 ft

Buildable depth139 ft

Area~6,768 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 6,768 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
1977 QUEEN AVE S MINNEAPOLIS MN 55405	B E LUCAS & E A LUCAS	RESIDENTIAL	$844,000	91 ft
2003 QUEEN AVE S MINNEAPOLIS MN 55405	ALISON LERMAN/JUSTIN LERMAN	RESIDENTIAL	$1,027,000	102 ft
1968 PENN AVE S MINNEAPOLIS MN 55405	J D CHRISNEY & C L CHRISNEY	RESIDENTIAL-TWO UNIT	$717,500	142 ft
1973 QUEEN AVE S MINNEAPOLIS MN 55405	D J MILLER & M J MONTGOMERY	RESIDENTIAL	$1,002,200	148 ft
1962 PENN AVE S MINNEAPOLIS MN 55405	DEBORAH J THOMSON	TRIPLEX	$603,900	151 ft
2005 QUEEN AVE S MINNEAPOLIS MN 55405	MEI-LING SMITH/MATTHEW SMITH	RESIDENTIAL	$976,400	154 ft
1958 PENN AVE S MINNEAPOLIS MN 55405	LAURA FEGLEY	RESIDENTIAL	$817,000	161 ft
1952 PENN AVE S MINNEAPOLIS MN 55405	A FERREYRA & K CORNELISON	RESIDENTIAL	$1,254,000	171 ft
2000 PENN AVE S MINNEAPOLIS MN 55405	JENNIFER STEINBERG	TRIPLEX	$1,040,400	172 ft
1969 QUEEN AVE S MINNEAPOLIS MN 55405	1969 QUEEN LLC	RESIDENTIAL	$943,000	204 ft

Property History

Most Recent Sale

Date199604

Price$499,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$25,664