4318 QUEEN AVE N MINNEAPOLIS MN 55412

PID: 0502924110167

Property Overview

Parcel ID0502924110167

Lot Size6,458 sq ft (0.148 ac)

Lot Dimensions (est.)127 ft wide × 51 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerM M PAI & S E MCGOURTY

Assessed Value$316,300

Land Value$52,000

Building Value$264,300

Annual Tax$4,600

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $11K total declared value · Most recent: May 2025 (addition)

AdditionMay 2025Closed

$11K

Mohan Pai

ResDec 2019Closed

Dean's Professional Plumbing Inc

ExistresNov 2019Closed

Dean's Professional Plumbing Inc

ResFeb 2019Closed

Linn Star Transfer Inc

ResMar 2017Closed

Dean's Professional Plumbing Inc

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

Neighborhood Profile

Victory · Minneapolis

Median reported rent1,398/mo

Renter-occupied17.2%

Median home value$256K

Vacancy rate3.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 3

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 width41 ft

Buildable depth87 ft

Area~3,550 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 3,550 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4314 QUEEN AVE N MINNEAPOLIS MN 55412	KATHERINE MARIE SERVIN	RESIDENTIAL	$279,100	51 ft
4324 QUEEN AVE N MINNEAPOLIS MN 55412	JOVHA NARANJO	RESIDENTIAL	$304,900	51 ft
4328 QUEEN AVE N MINNEAPOLIS MN 55412	KINYA LA'DREE WILLIAMS	RESIDENTIAL	$294,700	102 ft
4300 QUEEN AVE N MINNEAPOLIS MN 55412	UNITED CHRISTIAN FELLOWSHIP	COMMERCIAL-PREFERRED	$0	128 ft
4319 PENN AVE N MINNEAPOLIS MN 55412	B DEROSIER & S DEROSIER	RESIDENTIAL	$272,000	140 ft
4325 PENN AVE N MINNEAPOLIS MN 55412	STEVEN MOUA & YE XIONG	RESIDENTIAL	$284,000	148 ft
4315 PENN AVE N MINNEAPOLIS MN 55412	E E PAPKE & S D PAPKE	RESIDENTIAL	$328,100	150 ft
4334 QUEEN AVE N MINNEAPOLIS MN 55412	LONG KRASIN LIVING TRUST	RESIDENTIAL	$331,500	153 ft
4329 PENN AVE N MINNEAPOLIS MN 55412	REBECCA FRAKIE	RESIDENTIAL	$251,000	172 ft
4309 PENN AVE N MINNEAPOLIS MN 55412	LEE C LOFGREN	RESIDENTIAL	$345,000	175 ft

Property History

Most Recent Sale

Date202109

Price$256,669

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,600