3235 4TH AVE S MINNEAPOLIS MN 55408

PID: 0302824140095

Property Overview

Parcel ID0302824140095

Lot Size5,863 sq ft (0.135 ac)

Lot Dimensions (est.)130 ft wide × 45 ft deep

Year Built1979

Property ClassRESIDENTIAL

OwnerIONA B CLARK

Assessed Value$304,300

Land Value$53,000

Building Value$251,300

Annual Tax$4,441

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Central · Minneapolis

Median reported rent1,458/mo

Renter-occupied34.5%

Median home value$302K

Vacancy rate11.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 84

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width35 ft

Buildable depth90 ft

Area~3,157 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 3-story wood frame (5–12 units) benchmarks for 3,157 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3239 4TH AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	45 ft
3229 4TH AVE S MINNEAPOLIS MN 55408	LIZHU WANG	RESIDENTIAL	$304,100	45 ft
3225 4TH AVE S MINNEAPOLIS MN 55408	LEI KEVIN JIANG	RESIDENTIAL	$276,900	90 ft
3243 4TH AVE S MINNEAPOLIS MN 55408	B G PICHASACA & V H GRANDA	RESIDENTIAL	$328,700	90 ft
3221 4TH AVE S MINNEAPOLIS MN 55408	MAHAMUD MUSE DINI ET AL	RESIDENTIAL	$298,000	136 ft
3245 4TH AVE S MINNEAPOLIS MN 55408	P S CALVILLO & M R ZARATE	RESIDENTIAL	$297,900	136 ft
3232 5TH AVE S MINNEAPOLIS MN 55408	STACEY L SCHWEBACH	RESIDENTIAL	$311,000	141 ft
3228 5TH AVE S MINNEAPOLIS MN 55408	KATHLEEN PAULETTE MELIN	RESIDENTIAL-TWO UNIT	$234,700	148 ft
3236 5TH AVE S MINNEAPOLIS MN 55408	IMELDA RIOS OLIVIO	RESIDENTIAL	$259,100	148 ft
3224 5TH AVE S MINNEAPOLIS MN 55408	ALEXANDRA GAVILAN	RESIDENTIAL	$273,700	167 ft

Property History

Current Tax Year

Year2026

Tax Due$4,441