2215 SHERIDAN AVE S MINNEAPOLIS MN 55405

PID: 3202924110101

Property Overview

Parcel ID3202924110101

Lot Size5,375 sq ft (0.123 ac)

Lot Dimensions (est.)131 ft wide × 41 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerM LALLY & WM GAMBUCCI

Assessed Value$707,400

Land Value$329,000

Building Value$378,400

Annual Tax$11,635

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $42K total declared value · Most recent: Oct 2024 (res)

ResOct 2024Closed

FIRESIDE HEARTH AND HOME

ExistresMay 2023Closed

AQUARIUS HOME SERVICES

ResJan 2023Closed

CenterPoint Energy Resource Corp

MiscDec 2019Closed

$42K

LES JONES 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 width40 ft

Buildable depth67 ft

Area~2,802 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 2,802 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
2209 SHERIDAN AVE S MINNEAPOLIS MN 55405	J R HOFFMANN & M V HOFFMANN	RESIDENTIAL	$769,900	47 ft
2456 24TH ST W MINNEAPOLIS MN 55405	DAVID G SCHAENZER ET AL JT T	RESIDENTIAL	$831,900	80 ft
2454 24TH ST W MINNEAPOLIS MN 55405	C L FLINK & E P FLINK	RESIDENTIAL	$459,700	87 ft
2460 24TH ST W MINNEAPOLIS MN 55405	KATHLEEN M GRAHAM	RESIDENTIAL	$797,600	93 ft
2207 SHERIDAN AVE S MINNEAPOLIS MN 55405	D C RAND & P L WALMAN	RESIDENTIAL	$769,300	95 ft
2450 24TH ST W MINNEAPOLIS MN 55405	BRENT DENNIS ANDERSEN	RESIDENTIAL	$816,400	112 ft
2444 24TH ST W MINNEAPOLIS MN 55405	KIRSTIN A ANDERSON TR AGRMT	RESIDENTIAL	$1,212,000	147 ft
2449 22ND ST W MINNEAPOLIS MN 55405	CHENGWEI DU & JOHN DOYLE	RESIDENTIAL	$849,100	161 ft
2441 22ND ST W MINNEAPOLIS MN 55405	D P FRANKLIN & LUKE FRANKLIN	RESIDENTIAL	$769,000	174 ft
2433 22ND ST W MINNEAPOLIS MN 55405	B S NIJHUIS & G E ROBILLARD	RESIDENTIAL-TWO UNIT	$786,200	188 ft

Property History

Most Recent Sale

Date198701

Price$173,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$11,635