4242 FREMONT AVE N MINNEAPOLIS MN 55412

PID: 0402924120039

Property Overview

Parcel ID0402924120039

Lot Size11,667 sq ft (0.268 ac)

Lot Dimensions (est.)120 ft wide × 97 ft deep

Year Built1964

Property ClassAPARTMENT

OwnerJAMES TAYLOR

Assessed Value$595,000

Land Value$94,100

Building Value$500,900

Annual Tax$11,195

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width90 ft

Buildable depth77 ft

Area~6,968 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 6,968 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
4238 FREMONT AVE N MINNEAPOLIS MN 55412	ESTOREMASTERS LLC	VACANT LAND-RESIDENTIAL	$0	74 ft
4250 FREMONT AVE N MINNEAPOLIS MN 55412	MICHAEL E WILDER/CASEY FRITZ	RESIDENTIAL	$338,000	77 ft
4234 FREMONT AVE N MINNEAPOLIS MN 55412	REINA T RIERA JARA	RESIDENTIAL	$180,300	124 ft
4247 EMERSON AVE N MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	—	$327,000	135 ft
4243 EMERSON AVE N MINNEAPOLIS MN 55412	SEIGONGHYR W KORTI JR	RESIDENTIAL	$270,100	143 ft
4251 EMERSON AVE N MINNEAPOLIS MN 55412	SOTERIA PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$346,100	148 ft
4241 EMERSON AVE N MINNEAPOLIS MN 55412	ATM PROPERTIES LLC	TRIPLEX	$378,600	167 ft
4230 FREMONT AVE N MINNEAPOLIS MN 55412	DUNCAN BREITLOW	RESIDENTIAL	$198,600	174 ft
4247 FREMONT AVE N MINNEAPOLIS MN 55412	C L COOPER & T A COOPER	RESIDENTIAL	$185,000	184 ft
4253 FREMONT AVE N MINNEAPOLIS MN 55412	EMILY MILLER	RESIDENTIAL	$267,300	185 ft

Property History

Most Recent Sale

Date199907

Price$215,700

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,195