4260 QUEEN AVE N MINNEAPOLIS MN 55412

PID: 0502924110211

Property Overview

Parcel ID0502924110211

Lot Size6,907 sq ft (0.159 ac)

Lot Dimensions (est.)128 ft wide × 54 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerM S LEWIS & C M SCHMIDT

Assessed Value$365,000

Land Value$53,000

Building Value$312,000

Annual Tax$5,571

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2018 · $900 total declared value · Most recent: Feb 2020 (res)

ResFeb 2020Closed

CenterPoint Energy Resource Corp

AdditionJun 2018Closed

$900

BARR NELSON CONSTRUCTION LLC

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

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 width115 ft

Buildable depth14 ft

Area~3,601 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 3,601 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
4256 QUEEN AVE N MINNEAPOLIS MN 55412	J & K CUNNINGHAM	RESIDENTIAL	$438,900	54 ft
4252 QUEEN AVE N MINNEAPOLIS MN 55412	BOBBY HOUSE	RESIDENTIAL	$227,800	104 ft
4259 PENN AVE N MINNEAPOLIS MN 55412	SBURRESS INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$364,200	133 ft
4300 QUEEN AVE N MINNEAPOLIS MN 55412	UNITED CHRISTIAN FELLOWSHIP	COMMERCIAL-PREFERRED	$0	138 ft
4255 PENN AVE N MINNEAPOLIS MN 55412	LEI KEVIN JIANG & LI DING	RESIDENTIAL-TWO UNIT	$356,000	144 ft
4248 QUEEN AVE N MINNEAPOLIS MN 55412	DAVID A VAN OVERBEKE ET AL	RESIDENTIAL	$355,800	150 ft
4301 PENN AVE N MINNEAPOLIS MN 55412	PINEWOOD LLC	RESIDENTIAL	$241,000	178 ft
4253 PENN AVE N MINNEAPOLIS MN 55412	CHALETTE D HOWARD	RESIDENTIAL	$281,000	184 ft
4263 QUEEN AVE N MINNEAPOLIS MN 55412	KESTER WUBBEN	RESIDENTIAL	$307,000	187 ft
4259 QUEEN AVE N MINNEAPOLIS MN 55412	ROBERT MARTIN KNECHT	RESIDENTIAL	$397,000	191 ft

Property History

Most Recent Sale

Date198902

Price$86,600

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,571