4110 CHEATHAM AVE MINNEAPOLIS MN 55406

PID: 0702823240012

Property Overview

Parcel ID0702823240012

Lot Size4,642 sq ft (0.107 ac)

Lot Dimensions (est.)115 ft wide × 40 ft deep

Year Built0

Property ClassRESIDENTIAL

OwnerMATHIAS MORTENSON

Assessed Value$177,000

Land Value$101,000

Building Value$76,000

Annual Tax$3,600

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

2 permits on record since 2017 · $12K total declared value · Most recent: Dec 2025 (private)

PrivateDec 2025Closed

$11K

Nitti Rolloff Services Inc

MiscSep 2017Closed

$900

John W Cina

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth53 ft

Area~2,137 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 small multifamily (2–4 units, wood frame) benchmarks for 2,137 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
4116 CHEATHAM AVE MINNEAPOLIS MN 55406	JACQUELINE LALONDE ET AL	TRIPLEX	$824,200	46 ft
3401 41ST ST E MINNEAPOLIS MN 55406	MATHIAS MORTENSON	VACANT LAND-RESIDENTIAL	$114,000	69 ft
4122 CHEATHAM AVE MINNEAPOLIS MN 55406	CHARLES MICHAEL ROSKENS	RESIDENTIAL	$188,000	92 ft
3333 41ST ST E MINNEAPOLIS MN 55406	MLJ ENTERPRISES LLC	INDUSTRIAL-PREFERRED	$175,000	112 ft
4124 CHEATHAM AVE MINNEAPOLIS MN 55406	ADAM MACKIE & ANDREA MACKIE	RESIDENTIAL	$249,400	134 ft
3407 41ST ST E MINNEAPOLIS MN 55406	RICHARD P DUNN	RESIDENTIAL	$254,000	145 ft
4130 CHEATHAM AVE MINNEAPOLIS MN 55406	LELAND MOEY	RESIDENTIAL	$325,200	181 ft
4106 SNELLING AVE MINNEAPOLIS MN 55406	CHRISTOPHE LEE	RESIDENTIAL	$259,300	187 ft
4112 SNELLING AVE MINNEAPOLIS MN 55406	SHANICE MICHELLE CONWAY	RESIDENTIAL	$250,700	202 ft
4102 SNELLING AVE MINNEAPOLIS MN 55406	MICHAEL H KODA	RESIDENTIAL	$249,200	216 ft

Property History

Most Recent Sale

Date202410

Price$107,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,600