4227 WASHBURN AVE N MINNEAPOLIS MN 55412

PID: 0502924120091

Property Overview

Parcel ID0502924120091

Lot Size6,397 sq ft (0.147 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1930

Property ClassRESIDENTIAL

OwnerE C READEL & H ANDERSON

Assessed Value$340,500

Land Value$69,000

Building Value$271,500

Annual Tax$5,002

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $2K total declared value · Most recent: Feb 2019 (res)

ResFeb 2019Closed

Denice Lizakowski

RemodelFeb 2019Closed

$2K

EGRESS WINDOW GUY

ResJan 2019Closed

CenterPoint Energy Resource Corp

ResDec 2018Closed

Weld and Sons Plumbing Inc

ResOct 2017Closed

RANDY LANE AND SONS PLUMBING AND HEATING 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

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 depth88 ft

Area~3,516 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 3,516 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4231 WASHBURN AVE N MINNEAPOLIS MN 55412	PHILIP BLANDING	RESIDENTIAL	$315,100	50 ft
4223 WASHBURN AVE N MINNEAPOLIS MN 55412	ERIC B POLSON/CAROL J KELLEY	RESIDENTIAL	$402,500	50 ft
4235 WASHBURN AVE N MINNEAPOLIS MN 55412	BLAKE PETERSON & EMILY BORRA	RESIDENTIAL	$379,400	100 ft
4219 WASHBURN AVE N MINNEAPOLIS MN 55412	ANTHONY WALKER ET AL	RESIDENTIAL	$291,100	100 ft
4226 XERXES AVE N MINNEAPOLIS MN 55412	ROBERT P BARWIN JR TRUST	RESIDENTIAL	$295,000	140 ft
4222 XERXES AVE N MINNEAPOLIS MN 55412	J HERRERA/C GUTBROD-HERRERA	RESIDENTIAL	$359,300	148 ft
4230 XERXES AVE N MINNEAPOLIS MN 55412	JULIE Z & JAMES H MERWIN JR	RESIDENTIAL	$338,100	149 ft
4239 WASHBURN AVE N MINNEAPOLIS MN 55412	R A PHILIPPOT/D M PHILIPPOT	RESIDENTIAL	$333,000	150 ft
4215 WASHBURN AVE N MINNEAPOLIS MN 55412	K ZIMMERMAN & S SPICER	RESIDENTIAL	$377,800	150 ft
4218 XERXES AVE N MINNEAPOLIS MN 55412	PHILIP E SIMONSON TRUSTEE	RESIDENTIAL	$419,000	171 ft

Property History

Most Recent Sale

Date201905

Price$299,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,002