4059 SHERIDAN AVE N MINNEAPOLIS MN 55412

PID: 0502924140109

Property Overview

Parcel ID0502924140109

Lot Size4,500 sq ft (0.103 ac)

Lot Dimensions (est.)127 ft wide × 36 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerA M FREEMAN & B M SOLBERG

Assessed Value$280,700

Land Value$44,000

Building Value$236,700

Annual Tax$4,010

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2024 · Most recent: Aug 2024 (existres)

ExistresAug 2024Closed

Standard Heating and Air Conditioning 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

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 width114 ft

Buildable depth0 ft

Area~1,953 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,953 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4055 SHERIDAN AVE N MINNEAPOLIS MN 55412	B A & R J RESCH	RESIDENTIAL	$325,700	38 ft
4051 SHERIDAN AVE N MINNEAPOLIS MN 55412	ADAM CHARLES FLYNN	RESIDENTIAL	$235,900	78 ft
4101 SHERIDAN AVE N MINNEAPOLIS MN 55412	NAME UNAVAILABLE	RESIDENTIAL	$237,000	98 ft
4047 SHERIDAN AVE N MINNEAPOLIS MN 55412	P R MCVEY & C A MCVEY	RESIDENTIAL	$221,400	118 ft
4107 SHERIDAN AVE N MINNEAPOLIS MN 55412	D & T PROPERTIES LLC	RESIDENTIAL	$219,800	138 ft
4058 THOMAS AVE N MINNEAPOLIS MN 55412	RENEE R KLICK	RESIDENTIAL	$226,100	140 ft
4052 THOMAS AVE N MINNEAPOLIS MN 55412	ROCHELLE PACKARD	TRIPLEX	$364,400	144 ft
4043 SHERIDAN AVE N MINNEAPOLIS MN 55412	KALA CERMAK	RESIDENTIAL	$305,500	158 ft
4050 THOMAS AVE N MINNEAPOLIS MN 55412	TEREASA L BORESSON	RESIDENTIAL	$293,000	159 ft
4111 SHERIDAN AVE N MINNEAPOLIS MN 55412	SARAH DIRKS	RESIDENTIAL	$230,800	178 ft

Property History

Most Recent Sale

Date202507

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,010