1719 FRANKLIN AVE W MINNEAPOLIS MN 55405

PID: 3302924210106

Property Overview

Parcel ID3302924210106

Lot Size32,871 sq ft (0.755 ac)

Lot Dimensions (est.)221 ft wide × 148 ft deep

Year Built1997

Property ClassRESIDENTIAL

Owner485 LLC

Assessed Value$4,383,100

Land Value$1,784,000

Building Value$2,599,100

Annual Tax$81,168

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2022 · Most recent: Jul 2024 (existres)

ExistresJul 2024Closed

—

Select Mechanical Services Inc

ResJun 2024Closed

—

Larson Plumbing Inc

RemodelJun 2024Final Inspection

—

YERIGAN CONSTRUCTION CO

ResJan 2023Closed

—

Larson Plumbing Inc

RemodelDec 2022Expired

—

YERIGAN CONSTRUCTION CO

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$540K+10.8% YoY

Median price / sqft$268/sqft

Median days to close21 days

Active listings52

Source: Redfin Data Center (Invalid Date) · Zip 55405

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width208 ft

Buildable depth108 ft

Area~23,137 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 sfr / adu benchmarks for 23,137 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1721 FRANKLIN AVE W MINNEAPOLIS MN 55405	485 LLC	RESIDENTIAL	$1,005,000	97 ft
2010 JAMES AVE S MINNEAPOLIS MN 55405	YANG LIU & JIAPING FU	RESIDENTIAL	$1,216,000	128 ft
2004 JAMES AVE S MINNEAPOLIS MN 55405	KENDRA C REICHENAU REV TRUST	RESIDENTIAL	$1,784,400	156 ft
2012 JAMES AVE S MINNEAPOLIS MN 55405	VIVEK AGRAWAL & RITU BHATT	RESIDENTIAL	$2,097,000	161 ft
2009 E LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	CITY OF MPLS PK BD	VACANT LAND-RESIDENTIAL	$0	165 ft
2100 JAMES AVE S MINNEAPOLIS MN 55405	ARTHA FAMILY TRUST	RESIDENTIAL	$3,012,500	184 ft
1950 KNOX AVE S MINNEAPOLIS MN 55403	ANN R MACDONALD REV TRUST	RESIDENTIAL	$2,115,800	275 ft
2115 E LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	MPR 2021 TRUST	RESIDENTIAL	$2,652,500	282 ft
1720 FRANKLIN AVE W MINNEAPOLIS MN 55405	ELIZABETH G REDLEAF	RESIDENTIAL-TWO UNIT	$3,422,300	307 ft
2011 JAMES AVE S MINNEAPOLIS MN 55405	K & R AHMED	RESIDENTIAL	$747,000	322 ft

Property History

Most Recent Sale

Date202208

Price$5,100,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$81,168