2405 SHERIDAN AVE S MINNEAPOLIS MN 55405

PID: 3202924140037

Property Overview

Parcel ID3202924140037

Lot Size5,241 sq ft (0.120 ac)

Lot Dimensions (est.)130 ft wide × 40 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerT J BROWN & K D BROWN

Assessed Value$982,600

Land Value$397,000

Building Value$585,600

Annual Tax$16,841

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $20K total declared value · Most recent: Aug 2025 (res)

ResAug 2025Closed

Twin City Fireplace & Stone Company

MiscOct 2023Closed

$20K

MN SMART HOMES LLC

ExistresFeb 2017Closed

Ridler Heating and Cooling 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 depth91 ft

Area~2,729 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 2,729 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
2409 SHERIDAN AVE S MINNEAPOLIS MN 55405	A N MEISTER & S E MEISTER	RESIDENTIAL	$870,000	40 ft
2401 SHERIDAN AVE S MINNEAPOLIS MN 55405	E M THOMPSON & J H HERUTH	RESIDENTIAL-TWO UNIT	$874,000	40 ft
2415 SHERIDAN AVE S MINNEAPOLIS MN 55405	ARTUR BACU & LILIA BACU	RESIDENTIAL	$708,300	81 ft
2417 SHERIDAN AVE S MINNEAPOLIS MN 55405	G F VOORTELLA/N M VOORTELLA	RESIDENTIAL	$668,000	120 ft
2404 RUSSELL AVE S MINNEAPOLIS MN 55405	BRIDGET E MCKEON 2019 TR	RESIDENTIAL	$943,000	144 ft
2400 RUSSELL AVE S MINNEAPOLIS MN 55405	M F LAGOS/A B LAGOS RV LV TR	RESIDENTIAL	$1,076,100	149 ft
2408 RUSSELL AVE S MINNEAPOLIS MN 55405	DAVID PIRNER	RESIDENTIAL	$512,700	150 ft
2412 RUSSELL AVE S MINNEAPOLIS MN 55405	LYNN BENSON & JOHN BENSON	RESIDENTIAL	$997,000	165 ft
2421 SHERIDAN AVE S MINNEAPOLIS MN 55405	ROBERT E SHERMAN ETAL	RESIDENTIAL	$714,500	166 ft
2454 24TH ST W MINNEAPOLIS MN 55405	C L FLINK & E P FLINK	RESIDENTIAL	$459,700	181 ft

Property History

Most Recent Sale

Date202604

Price$1,000,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$16,841