4016 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823230008

Property Overview

Parcel ID0702823230008

Lot Size5,996 sq ft (0.138 ac)

Lot Dimensions (est.)151 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerMIO ISHIDA

Assessed Value$228,300

Land Value$115,000

Building Value$113,300

Annual Tax$3,312

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

4 permits on record since 2021 · $5K total declared value · Most recent: May 2025 (res)

ResMay 2025Inspection

Northern's Benjamin Franklin Plumbing

ResSep 2023Closed

CenterPoint Energy Resource Corp

MiscApr 2023Closed

$5K

NMC EXTERIORS AND REMODELING

ExistresJun 2021Closed

SEDGWICK HEATING & AIR CONDITIONING

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Hiawatha · Minneapolis

Median reported rent1,127/mo

Renter-occupied37.3%

Median home value$308K

Vacancy rate0.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1104

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width141 ft

Buildable depth0 ft

Area~3,296 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 3,296 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4012 SNELLING AVE MINNEAPOLIS MN 55406	M STOWELL & R STOWELL	RESIDENTIAL	$301,300	40 ft
4020 SNELLING AVE MINNEAPOLIS MN 55406	CAROL B & JAMES R HOVERMAN	RESIDENTIAL	$262,200	40 ft
4024 SNELLING AVE MINNEAPOLIS MN 55406	M CRAMER & A CRAMER	RESIDENTIAL	$202,000	80 ft
4008 SNELLING AVE MINNEAPOLIS MN 55406	RYAN BALL	RESIDENTIAL	$315,400	80 ft
4004 SNELLING AVE MINNEAPOLIS MN 55406	CTW GROUP INCORPORATED	VACANT LAND-RESIDENTIAL	$115,000	120 ft
4028 SNELLING AVE MINNEAPOLIS MN 55406	SHIRLEY KAY YEOMAN	RESIDENTIAL	$281,200	120 ft
4032 SNELLING AVE MINNEAPOLIS MN 55406	L PETERSON & K A MULVANEY	RESIDENTIAL	$286,700	160 ft
3305 40TH ST E MINNEAPOLIS MN 55406	L A LUNA & B P LARSON	RESIDENTIAL	$296,200	178 ft
3401 40TH ST E MINNEAPOLIS MN 55406	EVA NSEREKO	RESIDENTIAL	$244,800	192 ft
4036 SNELLING AVE MINNEAPOLIS MN 55406	JOANNA E ROSA	RESIDENTIAL	$295,100	200 ft

Property History

Most Recent Sale

Date200905

Price$92,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,312