4047 BRYANT AVE N MINNEAPOLIS MN 55412

PID: 0402924140013

Property Overview

Parcel ID0402924140013

Lot Size6,602 sq ft (0.152 ac)

Lot Dimensions (est.)132 ft wide × 50 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerSOBHY EL-MEHRAT

Assessed Value$207,300

Land Value$26,000

Building Value$181,300

Annual Tax$2,792

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2021 · $6K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

ResOct 2021Closed

CHAMPION PLUMBING LLC

MiscSep 2021Closed

$6K

Service Restoration Inc

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

Neighborhood Profile

Webber - Camden · Minneapolis

Median reported rent1,665/mo

Renter-occupied24.5%

Median home value$219K

Vacancy rate5.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1004

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth92 ft

Area~3,681 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 sfr / adu benchmarks for 3,681 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4043 BRYANT AVE N MINNEAPOLIS MN 55412	ELISSA FRANKLIN	RESIDENTIAL	$229,900	50 ft
4051 BRYANT AVE N MINNEAPOLIS MN 55412	PINEWOOD LLC	RESIDENTIAL	$202,300	53 ft
4039 BRYANT AVE N MINNEAPOLIS MN 55412	HOLLY A LEE	RESIDENTIAL	$203,400	100 ft
4046 COLFAX AVE N MINNEAPOLIS MN 55412	MN RENTAL PROPERTIES LLC	LOW INCOME RENTAL	$80,700	144 ft
4033 BRYANT AVE N MINNEAPOLIS MN 55412	CHRISTOPHER HYNES SR	RESIDENTIAL-TWO UNIT	$249,200	150 ft
4042 COLFAX AVE N MINNEAPOLIS MN 55412	PAUL & KIMBERLY FREITAG	LOW INCOME RENTAL	$157,900	151 ft
4050 COLFAX AVE N MINNEAPOLIS MN 55412	PAUL T TROTT	RESIDENTIAL	$210,000	154 ft
4038 COLFAX AVE N MINNEAPOLIS MN 55412	NOMI WEBBER-CAMDEN PROP LLC	RESIDENTIAL-TWO UNIT	$215,400	168 ft
4054 BRYANT AVE N MINNEAPOLIS MN 55412	COLTEN HUCKABY	RESIDENTIAL	$243,100	189 ft
4034 COLFAX AVE N MINNEAPOLIS MN 55412	J Q FERNANDEZ & W A JARA	RESIDENTIAL-TWO UNIT	$199,800	189 ft

Property History

Current Tax Year

Year2026

Tax Due$2,792