3533 4TH AVE S MINNEAPOLIS MN 55408

PID: 0302824410125

Property Overview

Parcel ID0302824410125

Lot Size5,451 sq ft (0.125 ac)

Lot Dimensions (est.)130 ft wide × 42 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerWILGER & CHRISTIE B ROJAS

Assessed Value$246,000

Land Value$72,000

Building Value$174,000

Annual Tax$3,466

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $33K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscNov 2024Closed

$10K

Minnesota Rusco Inc

MiscJul 2024Closed

$24K

BUILT STRONG EXTERIORS LLC

ResJun 2020Closed

Water Heaters Now Inc

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

Neighborhood Profile

Central · Minneapolis

Median reported rent1,445/mo

Renter-occupied42.2%

Median home value$244K

Vacancy rate11.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1094

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 width32 ft

Buildable depth90 ft

Area~2,872 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 2,872 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
3537 4TH AVE S MINNEAPOLIS MN 55408	G W MCMOORE & H L MCMOORE	RESIDENTIAL-TWO UNIT	$340,200	42 ft
3529 4TH AVE S MINNEAPOLIS MN 55408	SANDRO A VICENTE	RESIDENTIAL	$285,000	42 ft
3541 4TH AVE S MINNEAPOLIS MN 55408	DEBRA A KLEIN/COLIN E KLEIN	RESIDENTIAL	$237,800	84 ft
3525 4TH AVE S MINNEAPOLIS MN 55408	TIMOTHY/SYLVIA LARSON RV TR	RESIDENTIAL	$308,000	84 ft
3521 4TH AVE S MINNEAPOLIS MN 55408	M M QUIZHPI CHIMBORAZO ET AL	RESIDENTIAL	$400,900	126 ft
3545 4TH AVE S MINNEAPOLIS MN 55408	D HESLOP & V HESLOP	RESIDENTIAL	$303,000	136 ft
3532 5TH AVE S MINNEAPOLIS MN 55408	MARY GIGLIO AND ERIN GIGLIO	RESIDENTIAL	$354,000	144 ft
3528 5TH AVE S MINNEAPOLIS MN 55408	JAVAE LASHEL CARROLL	RESIDENTIAL	$236,800	149 ft
3536 5TH AVE S MINNEAPOLIS MN 55408	A C LYCHE & T S HINES	RESIDENTIAL-TWO UNIT	$314,400	150 ft
3524 5TH AVE S MINNEAPOLIS MN 55408	HUGO A OTIZ ROJAS ET AL	RESIDENTIAL-TWO UNIT	$316,400	166 ft

Property History

Most Recent Sale

Date200907

Price$49,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,466