3958 QUEEN AVE N MINNEAPOLIS MN 55412

PID: 0502924410042

Property Overview

Parcel ID0502924410042

Lot Size4,083 sq ft (0.094 ac)

Lot Dimensions (est.)123 ft wide × 33 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerT J CHRISTENSEN-PROSE

Assessed Value$195,300

Land Value$42,000

Building Value$153,300

Annual Tax$2,593

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2020 · Most recent: Jun 2020 (res)

ResJun 2020Closed

CenterPoint Energy Resource Corp

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 width110 ft

Buildable depth0 ft

Area~1,677 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 small multifamily (2–4 units, wood frame) benchmarks for 1,677 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3954 QUEEN AVE N MINNEAPOLIS MN 55412	EMILY JOY SHAFER	RESIDENTIAL	$276,000	37 ft
3950 QUEEN AVE N MINNEAPOLIS MN 55412	TIMOTHY H MEYER	RESIDENTIAL	$244,200	77 ft
4000 QUEEN AVE N MINNEAPOLIS MN 55412	DEANDRE SCOTT	RESIDENTIAL	$333,000	103 ft
3946 QUEEN AVE N MINNEAPOLIS MN 55412	GLENN STELLING	RESIDENTIAL	$203,800	117 ft
3959 PENN AVE N MINNEAPOLIS MN 55412	MARIO A RIVERA	RESIDENTIAL	$250,200	140 ft
4006 QUEEN AVE N MINNEAPOLIS MN 55412	ROSE YARNS	RESIDENTIAL	$229,800	143 ft
3955 PENN AVE N MINNEAPOLIS MN 55412	TINA RENE & STEVEN JO BURTON	RESIDENTIAL	$215,600	145 ft
3942 QUEEN AVE N MINNEAPOLIS MN 55412	RANDY L & DEBRA E BENSON	RESIDENTIAL	$312,700	157 ft
3951 PENN AVE N MINNEAPOLIS MN 55412	ANTHONY C MURI/LANETTE MURI	RESIDENTIAL	$198,000	161 ft
4001 PENN AVE N MINNEAPOLIS MN 55412	NATHAN DOCKEN	RESIDENTIAL	$234,000	172 ft

Property History

Most Recent Sale

Date198603

Price$37,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,593