4705 ISABEL AVE MINNEAPOLIS MN 55406

PID: 0502823320011

Property Overview

Parcel ID0502823320011

Lot Size7,848 sq ft (0.180 ac)

Lot Dimensions (est.)144 ft wide × 55 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerR M & N V GALLAS

Assessed Value$488,600

Land Value$297,000

Building Value$191,600

Annual Tax$7,527

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2023 · $28K total declared value · Most recent: May 2024 (existres)

ExistresMay 2024Closed

CENTERPOINT ENERGY

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscNov 2023Expired

$28K

WISE DESIGN & REMODEL LLC

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

Neighborhood Profile

Howe · Minneapolis

Median reported rent984/mo

Renter-occupied4.6%

Median home value$373K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1090

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

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

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width131 ft

Buildable depth15 ft

Area~2,402 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 2,402 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3519 47TH AVE S MINNEAPOLIS MN 55406	CAROL PETERSON & J LUBY	RESIDENTIAL	$521,100	54 ft
3523 47TH AVE S MINNEAPOLIS MN 55406	SHARON J BENSON	RESIDENTIAL	$493,200	98 ft
4715 ISABEL AVE MINNEAPOLIS MN 55406	S R KOIDAHL & L B KOIDAHL	RESIDENTIAL	$863,300	127 ft
4706 ISABEL AVE MINNEAPOLIS MN 55406	PAUL JAMES MCGLYNN	RESIDENTIAL	$491,400	134 ft
4700 ISABEL AVE MINNEAPOLIS MN 55406	P CUDDY & D MOLINE	RESIDENTIAL	$489,800	146 ft
3527 47TH AVE S MINNEAPOLIS MN 55406	BRAD STOKES & HEIDI STOKES	RESIDENTIAL	$736,600	155 ft
4708 ISABEL AVE MINNEAPOLIS MN 55406	DAVID KENNETH NIGHTINGALE TR	RESIDENTIAL	$584,400	162 ft
4717 ISABEL AVE MINNEAPOLIS MN 55406	P J HIDE & J W HIDE TRUST	RESIDENTIAL	$617,700	182 ft
3512 47TH AVE S MINNEAPOLIS MN 55406	Y ONISHI & S E KIM	RESIDENTIAL	$500,200	189 ft
3508 47TH AVE S MINNEAPOLIS MN 55406	SARAH & EDMUND PHILLIPS	RESIDENTIAL	$504,200	193 ft

Property History

Most Recent Sale

Date199507

Price$130,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,527