2039 SHERIDAN AVE S MINNEAPOLIS MN 55405

PID: 3202924110038

Property Overview

Parcel ID3202924110038

Lot Size7,099 sq ft (0.163 ac)

Lot Dimensions (est.)129 ft wide × 55 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerGUSTAF KUPETZ

Assessed Value$613,400

Land Value$357,000

Building Value$256,400

Annual Tax$11,597

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2020 · $12K total declared value · Most recent: Sep 2020 (misc)

MiscSep 2020Closed

$12K

KAUFMAN SHEET METAL ROOFING 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 width48 ft

Buildable depth82 ft

Area~3,932 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 3,932 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2035 SHERIDAN AVE S MINNEAPOLIS MN 55405	K D DAKOJI/H DESAI/M DESAI	RESIDENTIAL	$727,500	60 ft
2045 SHERIDAN AVE S MINNEAPOLIS MN 55405	C N NUGENT & A C NUGENT	RESIDENTIAL	$1,248,100	65 ft
2029 SHERIDAN AVE S MINNEAPOLIS MN 55405	JAYMARK PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$779,300	116 ft
2055 SHERIDAN AVE S MINNEAPOLIS MN 55405	C DARNELL & D D'SOUZA	RESIDENTIAL	$1,132,700	125 ft
2022 KENWOOD PKWY MINNEAPOLIS MN 55405	RANDALL M EGAN	RESIDENTIAL-TWO UNIT	$1,120,200	148 ft
2016 KENWOOD PKWY MINNEAPOLIS MN 55405	S R MANTHIE & R S MANTHIE	RESIDENTIAL	$1,093,900	153 ft
2025 SHERIDAN AVE S MINNEAPOLIS MN 55405	K W WHEELER & D A WHEELER	RESIDENTIAL-TWO UNIT	$683,100	167 ft
2044 SHERIDAN AVE S MINNEAPOLIS MN 55405	M A CARLSEN REV TRUST	RESIDENTIAL	$1,022,000	179 ft
2028 KENWOOD PKWY MINNEAPOLIS MN 55405	BRENDA F BUTLER TRUST ET AL	RESIDENTIAL	$1,288,000	181 ft
2012 KENWOOD PKWY MINNEAPOLIS MN 55405	THOMAS W DOBMEYER	RESIDENTIAL-TWO UNIT	$742,100	186 ft

Property History

Most Recent Sale

Date202103

Price$580,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,597