3621 4TH AVE S MINNEAPOLIS MN 55409

PID: 0302824440021

Property Overview

Parcel ID0302824440021

Lot Size5,256 sq ft (0.121 ac)

Lot Dimensions (est.)131 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerRASHID MOGHUL & ABIDA MOGHUL

Assessed Value$278,000

Land Value$71,000

Building Value$207,000

Annual Tax$4,002

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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 ↗

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 rent1,445/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 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 width30 ft

Buildable depth91 ft

Area~2,742 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 2,742 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3625 4TH AVE S MINNEAPOLIS MN 55409	MOHAMMED IBRAHIM HAJI	RESIDENTIAL	$373,000	40 ft
3615 4TH AVE S MINNEAPOLIS MN 55409	HANNAH A D SAYLE	RESIDENTIAL-TWO UNIT	$485,000	60 ft
3629 4TH AVE S MINNEAPOLIS MN 55409	ALMA R PEREZ DE PEREZ ET AL	RESIDENTIAL	$278,000	80 ft
3609 4TH AVE S MINNEAPOLIS MN 55409	S L HUNT & A TAPIO	RESIDENTIAL	$318,700	120 ft
3633 4TH AVE S MINNEAPOLIS MN 55409	DAVID & TRINI NGUYEN	RESIDENTIAL	$398,000	120 ft
3618 5TH AVE S MINNEAPOLIS MN 55409	M SEHGAL & B LAROCQUE	RESIDENTIAL	$293,000	144 ft
3624 5TH AVE S MINNEAPOLIS MN 55409	VERNA M GROCE	RESIDENTIAL	$433,000	147 ft
3614 5TH AVE S MINNEAPOLIS MN 55409	PATRICIA GARCIA CALZADA	RESIDENTIAL	$257,700	156 ft
3637 4TH AVE S MINNEAPOLIS MN 55409	SERENDIPITY PROPERTIES LLC	RESIDENTIAL	$190,000	160 ft
3605 4TH AVE S MINNEAPOLIS MN 55409	ALIOUNE THIAM & OUMY K FALL	TRIPLEX	$430,400	160 ft

Property History

Most Recent Sale

Date200902

Price$82,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,002