4232 QUEEN AVE N MINNEAPOLIS MN 55412

PID: 0502924110203

Property Overview

Parcel ID0502924110203

Lot Size6,746 sq ft (0.155 ac)

Lot Dimensions (est.)103 ft wide × 66 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerJ SAYOTOVICH & R SAYOTOVICH

Assessed Value$394,000

Land Value$53,000

Building Value$341,000

Annual Tax$5,889

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2017 · $49K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$7K

Crown Exteriors Inc

ResJun 2023Closed

FIRESIDE HEARTH AND HOME

MiscSep 2020Closed

$6K

RESTORELINE INC

MiscJul 2020Closed

$6K

RENEWAL BY ANDERSEN CORP

RemodelSep 2017Closed

$15K

PARAMOUNT INVESTMENT GROUP LLC DBA CONCEPT HOMES

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 width56 ft

Buildable depth62 ft

Area~3,481 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 3,481 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4236 QUEEN AVE N MINNEAPOLIS MN 55412	SONYA L GOINS	RESIDENTIAL	$336,000	57 ft
4226 QUEEN AVE N MINNEAPOLIS MN 55412	L THOMAS & L THOMAS	RESIDENTIAL	$239,600	58 ft
4222 QUEEN AVE N MINNEAPOLIS MN 55412	CASSIE R MISCHKE	RESIDENTIAL	$128,100	102 ft
4240 QUEEN AVE N MINNEAPOLIS MN 55412	M D ANDERSON & C E ANDERSON	RESIDENTIAL	$316,000	103 ft
4235 PENN AVE N MINNEAPOLIS MN 55412	V B GUEVARA & BRENNA BATRES	RESIDENTIAL	$320,000	133 ft
4218 QUEEN AVE N MINNEAPOLIS MN 55412	KRISTEN M LASNESKI	RESIDENTIAL	$312,000	142 ft
4244 QUEEN AVE N MINNEAPOLIS MN 55412	KENYA DALTON & MARCEL DALTON	RESIDENTIAL	$361,100	148 ft
4239 PENN AVE N MINNEAPOLIS MN 55412	NANCY D BERTHOLD TRUST	RESIDENTIAL	$283,800	161 ft
4227 PENN AVE N MINNEAPOLIS MN 55412	ZACHARY PAYNE	RESIDENTIAL	$250,000	162 ft
4231 QUEEN AVE N MINNEAPOLIS MN 55412	ANN B GROSE	RESIDENTIAL	$284,100	175 ft

Property History

Most Recent Sale

Date201805

Price$278,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,889