2868 RIVER PKWY W MINNEAPOLIS MN 55406

PID: 3102923440183

Property Overview

Parcel ID3102923440183

Lot Size10,500 sq ft (0.241 ac)

Lot Dimensions (est.)154 ft wide × 68 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerKEVIN REUTHER/GERALD TYRRELL

Assessed Value$650,000

Land Value$295,000

Building Value$355,000

Annual Tax$10,589

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Cooper · Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width140 ft

Buildable depth30 ft

Area~4,199 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 4,199 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2858 RIVER PKWY W MINNEAPOLIS MN 55406	JEANNE A KUNKEL	RESIDENTIAL-TWO UNIT	$554,300	75 ft
2865 DORMAN AVE MINNEAPOLIS MN 55406	KEVIN OLSEN	RESIDENTIAL	$974,000	135 ft
2861 DORMAN AVE MINNEAPOLIS MN 55406	GRAHAM BLAIR OJALA BARBOUR	RESIDENTIAL	$405,800	146 ft
2904 RIVER PKWY W MINNEAPOLIS MN 55406	ELAINE K EAGLE	RESIDENTIAL	$965,700	154 ft
2848 RIVER PKWY W MINNEAPOLIS MN 55406	JOHN J BIRCH & DIVYA GUPTA	RESIDENTIAL	$0	165 ft
2857 DORMAN AVE MINNEAPOLIS MN 55406	KOHSY ASSET HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$356,100	165 ft
2901 DORMAN AVE MINNEAPOLIS MN 55406	CHRISTEN L EBENS	RESIDENTIAL	$743,700	174 ft
2853 DORMAN AVE MINNEAPOLIS MN 55406	SANDY TAPIA	RESIDENTIAL-TWO UNIT	$512,900	190 ft
2905 DORMAN AVE MINNEAPOLIS MN 55406	R A PASCHKE/J A PASCHKE TRST	RESIDENTIAL	$446,000	203 ft
2849 DORMAN AVE MINNEAPOLIS MN 55406	CHERI L ANDERSON	RESIDENTIAL-TWO UNIT	$501,900	229 ft

Property History

Current Tax Year

Year2026

Tax Due$10,589