4241 EMERSON AVE N MINNEAPOLIS MN 55412

PID: 0402924120015

Property Overview

Parcel ID0402924120015

Lot Size8,687 sq ft (0.199 ac)

Lot Dimensions (est.)135 ft wide × 64 ft deep

Year Built1922

Property ClassTRIPLEX

OwnerATM PROPERTIES LLC

Assessed Value$378,600

Land Value$42,000

Building Value$336,600

Annual Tax$7,124

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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

Webber - Camden · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width54 ft

Buildable depth96 ft

Area~5,163 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 5,163 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
4243 EMERSON AVE N MINNEAPOLIS MN 55412	SEIGONGHYR W KORTI JR	RESIDENTIAL	$270,100	52 ft
4233 EMERSON AVE N MINNEAPOLIS MN 55412	NANCY RODEN	RESIDENTIAL	$256,300	64 ft
4247 EMERSON AVE N MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	—	$327,000	95 ft
4227 EMERSON AVE N MINNEAPOLIS MN 55412	ESTER PEREZ SANCHEZ	RESIDENTIAL	$330,200	124 ft
4238 FREMONT AVE N MINNEAPOLIS MN 55412	ESTOREMASTERS LLC	VACANT LAND-RESIDENTIAL	$0	137 ft
4234 FREMONT AVE N MINNEAPOLIS MN 55412	REINA T RIERA JARA	RESIDENTIAL	$180,300	137 ft
4230 FREMONT AVE N MINNEAPOLIS MN 55412	DUNCAN BREITLOW	RESIDENTIAL	$198,600	154 ft
4251 EMERSON AVE N MINNEAPOLIS MN 55412	SOTERIA PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$346,100	161 ft
4242 FREMONT AVE N MINNEAPOLIS MN 55412	JAMES TAYLOR	APARTMENT	$595,000	167 ft
4223 EMERSON AVE N MINNEAPOLIS MN 55412	NAKANYIKE PATRICIA MUTEBI	RESIDENTIAL-TWO UNIT	$334,400	177 ft

Property History

Most Recent Sale

Date201412

Price$168,750

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,124