2012 SHERIDAN AVE S MINNEAPOLIS MN 55405

PID: 2902924440093

Property Overview

Parcel ID2902924440093

Lot Size9,397 sq ft (0.216 ac)

Lot Dimensions (est.)198 ft wide × 47 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerM PLAISTED & A PLAISTED

Assessed Value$816,900

Land Value$393,000

Building Value$423,900

Annual Tax$13,696

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2016 · $33K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

MiscSep 2023Closed

$15K

FIRST CHOICE EXTERIORS INC

ResJun 2023Closed

Paul Bunyan Plumbing, LLC

ExistresJun 2023Closed

Blue Ox Heating and Air LLC

ResMar 2020Closed

Warners Stellian Co 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 width30 ft

Buildable depth195 ft

Area~5,879 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 5,879 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2008 SHERIDAN AVE S MINNEAPOLIS MN 55405	KIMBERLY THIE/MICHELLE GHOLL	RESIDENTIAL	$698,200	52 ft
2014 SHERIDAN AVE S MINNEAPOLIS MN 55405	BRETT NELSON/MADELINE NELSON	RESIDENTIAL	$867,500	61 ft
2512 FRANKLIN AVE W MINNEAPOLIS MN 55405	T HARTMANN & M HARTMANN	RESIDENTIAL	$1,227,000	87 ft
2004 SHERIDAN AVE S MINNEAPOLIS MN 55405	REMY AUBERJONOIS ET AL	RESIDENTIAL	$776,600	102 ft
2000 SHERIDAN AVE S MINNEAPOLIS MN 55405	RICHARD WILLIAM RAGATZ JR	RESIDENTIAL	$1,125,000	178 ft
2503 FRANKLIN AVE W MINNEAPOLIS MN 55405	S D LOCKE & N R LARSEN	RESIDENTIAL-TWO UNIT	$674,400	192 ft
2018 SHERIDAN AVE S MINNEAPOLIS MN 55405	KARIN ST JOHN/DAVID ST JOHN	RESIDENTIAL	$932,800	200 ft
2515 FRANKLIN AVE W MINNEAPOLIS MN 55405	HEIDI MCNEIL & MOLLY MCNEIL	RESIDENTIAL	$744,400	201 ft
2519 FRANKLIN AVE W MINNEAPOLIS MN 55405	ERIN E & JOSEPH C GILSON	RESIDENTIAL	$620,200	226 ft
2007 SHERIDAN AVE S MINNEAPOLIS MN 55405	DAVID E MAHNKE ET AL 2010 TR	RESIDENTIAL	$678,800	235 ft

Property History

Most Recent Sale

Date202307

Price$925,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,696