3329 4TH AVE S MINNEAPOLIS MN 55408

PID: 0302824140203

Property Overview

Parcel ID0302824140203

Lot Size5,875 sq ft (0.135 ac)

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

Year Built1979

Property ClassRESIDENTIAL

OwnerW & S KUEHN

Assessed Value$298,000

Land Value$53,000

Building Value$245,000

Annual Tax$4,320

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

3 permits on record since 2020 · $49K total declared value · Most recent: Jul 2024 (misc)

MiscJul 2024Closed

$26K

CAPITAL SIDING AND WINDOWS

MiscOct 2020Closed

$22K

Minnesota Rusco Inc

ExistresMay 2020Closed

Ray N Welter Heating Co

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

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 depth91 ft

Area~3,166 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 3,166 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
3333 4TH AVE S MINNEAPOLIS MN 55408	ELI PASMANTER	RESIDENTIAL	$296,900	45 ft
3325 4TH AVE S MINNEAPOLIS MN 55408	KHALID ADAM	RESIDENTIAL	$229,500	45 ft
3321 4TH AVE S MINNEAPOLIS MN 55408	3321 FOURTH LLC	RESIDENTIAL	$305,300	90 ft
3337 4TH AVE S MINNEAPOLIS MN 55408	FATIMA A KAAHLYE	RESIDENTIAL	$253,500	90 ft
3341 4TH AVE S MINNEAPOLIS MN 55408	HUY LLC	RESIDENTIAL-ZERO LOT LINE	$190,800	126 ft
3317 4TH AVE S MINNEAPOLIS MN 55408	A BARZALLO & L ZHIMINAICELA	RESIDENTIAL	$340,200	136 ft
3328 5TH AVE S MINNEAPOLIS MN 55408	HERMAN CAPITAL PRTNRS VI LLC	RESIDENTIAL-TWO UNIT	$255,600	142 ft
3324 5TH AVE S MINNEAPOLIS MN 55408	P C REETH/R J KELLEHER-REETH	RESIDENTIAL	$243,000	148 ft
3332 5TH AVE S MINNEAPOLIS MN 55408	HILDA DOMINGUEZ PEREZ	RESIDENTIAL-TWO UNIT	$325,800	149 ft
3343 4TH AVE S MINNEAPOLIS MN 55408	SHARON L ASHER	RESIDENTIAL-ZERO LOT LINE	$157,800	151 ft

Property History

Current Tax Year

Year2026

Tax Due$4,320