415 1ST ST N MINNEAPOLIS MN 55401

PID: 2202924140206

Property Overview

Parcel ID2202924140206

Lot Size109,327 sq ft (2.510 ac)

Lot Dimensions (est.)466 ft wide × 235 ft deep

Year Built2000

Property ClassAPARTMENT

OwnerHERITAGE LANDING LLC

Assessed Value$52,070,000

Land Value$9,730,600

Building Value$41,766,700

Annual Tax$999,835

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — St. Anthony Falls

Development Opportunities

Historic district — St. Anthony FallsHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

North Loop · Minneapolis

Median reported rent2,098/mo

Renter-occupied65.1%

Median home value$370K

Vacancy rate7.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1262.02

Market Snapshot

Zip code 55401

Median sale price$390K-13.3% YoY

Median price / sqft$310/sqft

Median days to close83 days

Active listings65

Source: Redfin Data Center (Invalid Date) · Zip 55401

Zoning

DT1Downtown Center

Downtown Center 1 — urban core district

Typical Uses

·Office towers
·Hotels
·High-rise residential
·Entertainment
·Retail

Development Potential

Setbacks

Front0 ft

Side (each)0 ft

Rear0 ft

Estimated Buildable Footprint

Buildable width466 ft

Buildable depth235 ft

Area~109,510 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
515 1ST ST N MINNEAPOLIS MN 55401	B L S-SMITH & B P S-SMITH	CONDOMINIUM	$428,500	236 ft
515 1ST ST N MINNEAPOLIS MN 55401	JOSEPH SCHMIDT	CONDOMINIUM	$376,000	236 ft
515 1ST ST N MINNEAPOLIS MN 55401	ROBERT P TEMA	CONDOMINIUM	$325,500	236 ft
515 1ST ST N MINNEAPOLIS MN 55401	WILLIAM JACKSON	CONDOMINIUM	$428,500	236 ft
515 1ST ST N MINNEAPOLIS MN 55401	NICOLE DONNELLY	CONDOMINIUM	$392,400	236 ft
515 1ST ST N MINNEAPOLIS MN 55401	ELIZABETH CAMPBELL	CONDOMINIUM	$418,200	236 ft
515 1ST ST N MINNEAPOLIS MN 55401	JAMES SNAPP	CONDOMINIUM	$325,500	236 ft
515 1ST ST N MINNEAPOLIS MN 55401	RICHARD M MORAN	CONDOMINIUM	$374,900	236 ft
515 1ST ST N MINNEAPOLIS MN 55401	ANN M BIGGAR	CONDOMINIUM	$416,100	236 ft
515 1ST ST N MINNEAPOLIS MN 55401	A M FETROW & M FETROW	CONDOMINIUM	$400,700	236 ft

Property History

Current Tax Year

Year2026

Tax Due$999,835