3950 SHERIDAN AVE N MINNEAPOLIS MN 55412

PID: 0502924410098

Property Overview

Parcel ID0502924410098

Lot Size5,104 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built2024

Property Class—

OwnerCITY OF LAKES COMM LAND TR

Assessed Value$345,000

Land Value$47,000

Building Value$298,000

Annual Tax$4,510

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $334K total declared value · Most recent: Mar 2024 (res)

ResMar 2024Closed

MN Plumbing & Home Services INC

RemodelOct 2023Closed

$25K

(Solar Work) Apadana LLC

ResJul 2023Closed

Binder Heating and Air Conditioning Inc

ExistresJul 2023Closed

Binder Heating and Air Conditioning Inc

ResJun 2023Closed

Bartylla 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 width30 ft

Buildable depth88 ft

Area~2,628 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 2,628 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3946 SHERIDAN AVE N MINNEAPOLIS MN 55412	JOSE GUZMAN & BRIAN PETER	RESIDENTIAL	$362,000	40 ft
3954 SHERIDAN AVE N MINNEAPOLIS MN 55412	CHOU VANG	RESIDENTIAL	$256,600	40 ft
3958 SHERIDAN AVE N MINNEAPOLIS MN 55412	J J BENECKE & R B BENECKE	RESIDENTIAL	$237,100	77 ft
3942 SHERIDAN AVE N MINNEAPOLIS MN 55412	LYNDA LYNNER	RESIDENTIAL	$187,600	80 ft
3938 SHERIDAN AVE N MINNEAPOLIS MN 55412	JAMES A PENDERGAST ETAL	RESIDENTIAL	$263,700	120 ft
3951 RUSSELL AVE N MINNEAPOLIS MN 55412	DONNA M SELINE	RESIDENTIAL	$183,200	141 ft
3947 RUSSELL AVE N MINNEAPOLIS MN 55412	BRIAN R & CONNIE S RICKE	RESIDENTIAL	$264,000	148 ft
3955 RUSSELL AVE N MINNEAPOLIS MN 55412	R W MARTIN & A J MARTIN	RESIDENTIAL	$363,000	151 ft
3934 SHERIDAN AVE N MINNEAPOLIS MN 55412	C M SCHMIDT AND T S SCHMIDT	RESIDENTIAL	$218,800	160 ft
3943 RUSSELL AVE N MINNEAPOLIS MN 55412	THOMAS R LUNDQUIST	RESIDENTIAL	$203,200	164 ft

Property History

Most Recent Sale

Date202403

Price$85,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,510