1527 FRANKLIN AVE W MINNEAPOLIS MN 55405

PID: 3302924210009

Property Overview

Parcel ID3302924210009

Lot Size15,033 sq ft (0.345 ac)

Lot Dimensions (est.)105 ft wide × 144 ft deep

Year Built1883

Property ClassRESIDENTIAL

OwnerRUSSELL LYLE HAYWOOD LIV TR

Assessed Value$1,251,000

Land Value$544,000

Building Value$707,000

Annual Tax$22,487

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $57K total declared value · Most recent: Jul 2023 (misc)

MiscJul 2023Closed

$35K

SELA ROOFING AND REMODELING INC

ResMar 2021Closed

CenterPoint Energy Resource Corp

ExistresAug 2020Closed

Sayler Heating & Air Conditioning Inc

MiscMay 2020Closed

$20K

NORTHRUP REMODELING

RemodelApr 2017Closed

$2K

AMERICAN WATERWORKS

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

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 width92 ft

Buildable depth104 ft

Area~9,657 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 9,657 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1517 FRANKLIN AVE W MINNEAPOLIS MN 55405	B J LATTIN & M M SELIGA	RESIDENTIAL	$902,000	71 ft
2015 IRVING AVE S MINNEAPOLIS MN 55405	JOHN TERRY	RESIDENTIAL	$954,100	119 ft
2008 HUMBOLDT AVE S MINNEAPOLIS MN 55405	C KIRWAN & M E H KIRWAN TRST	RESIDENTIAL	$1,046,600	165 ft
2000 HUMBOLDT AVE S MINNEAPOLIS MN 55405	GARJAE LAVIEN & DIANNA MYLES	RESIDENTIAL	$962,500	165 ft
2019 IRVING AVE S MINNEAPOLIS MN 55405	SALLY F HYSLOP REV TRUST	RESIDENTIAL	$1,076,000	177 ft
1941 IRVING AVE S MINNEAPOLIS MN 55403	KATHRYN ROZIN MICHAEL ROZIN	RESIDENTIAL-TWO UNIT	$1,301,200	190 ft
2012 HUMBOLDT AVE S MINNEAPOLIS MN 55405	CHRISTINE B MCENERY TRUST	RESIDENTIAL	$1,016,500	193 ft
1510 FRANKLIN AVE W MINNEAPOLIS MN 55405	A J DIPPER & C J GIVENS	RESIDENTIAL	$581,100	211 ft
2000 IRVING AVE S MINNEAPOLIS MN 55405	LAURA DIAMANDOPOULOS	CONDOMINIUM	$1,022,000	224 ft
1613 FRANKLIN AVE W MINNEAPOLIS MN 55405	FAR EAST LLC	CONDOMINIUM	$1,030,000	224 ft

Property History

Most Recent Sale

Date202007

Price$1,280,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$22,487