2401 SHERIDAN AVE S MINNEAPOLIS MN 55405

PID: 3202924140038

Property Overview

Parcel ID3202924140038

Lot Size5,239 sq ft (0.120 ac)

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

Year Built1908

Property ClassRESIDENTIAL-TWO UNIT

OwnerE M THOMPSON & J H HERUTH

Assessed Value$874,000

Land Value$397,000

Building Value$477,000

Annual Tax$14,786

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2014 · $94K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$25K

SELA ROOFING AND REMODELING INC

ResMar 2023Closed

CenterPoint Energy Resource Corp

MiscSep 2022Closed

$14K

Mayday Restoration

Building Re-inspectionAug 2014

$55K

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width117 ft

Buildable depth0 ft

Area~2,457 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,457 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2405 SHERIDAN AVE S MINNEAPOLIS MN 55405	T J BROWN & K D BROWN	RESIDENTIAL	$982,600	40 ft
2409 SHERIDAN AVE S MINNEAPOLIS MN 55405	A N MEISTER & S E MEISTER	RESIDENTIAL	$870,000	81 ft
2415 SHERIDAN AVE S MINNEAPOLIS MN 55405	ARTUR BACU & LILIA BACU	RESIDENTIAL	$708,300	121 ft
2450 24TH ST W MINNEAPOLIS MN 55405	BRENT DENNIS ANDERSEN	RESIDENTIAL	$816,400	143 ft
2454 24TH ST W MINNEAPOLIS MN 55405	C L FLINK & E P FLINK	RESIDENTIAL	$459,700	143 ft
2400 RUSSELL AVE S MINNEAPOLIS MN 55405	M F LAGOS/A B LAGOS RV LV TR	RESIDENTIAL	$1,076,100	144 ft
2404 RUSSELL AVE S MINNEAPOLIS MN 55405	BRIDGET E MCKEON 2019 TR	RESIDENTIAL	$943,000	150 ft
2417 SHERIDAN AVE S MINNEAPOLIS MN 55405	G F VOORTELLA/N M VOORTELLA	RESIDENTIAL	$668,000	161 ft
2444 24TH ST W MINNEAPOLIS MN 55405	KIRSTIN A ANDERSON TR AGRMT	RESIDENTIAL	$1,212,000	164 ft
2408 RUSSELL AVE S MINNEAPOLIS MN 55405	DAVID PIRNER	RESIDENTIAL	$512,700	165 ft

Property History

Most Recent Sale

Date202211

Price$834,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$14,786