4053 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823240072

Property Overview

Parcel ID0702823240072

Lot Size5,992 sq ft (0.138 ac)

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

Year Built1910

Property ClassRESIDENTIAL

OwnerLOIS I ELSING

Assessed Value$246,400

Land Value$115,000

Building Value$131,400

Annual Tax$3,472

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 2020 · $4K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$4K

Lifetime Builders

ResSep 2023Closed

CenterPoint Energy Resource Corp

ResSep 2020Closed

Master Plumbing Services LLC

ExistresJun 2020Closed

Ray N Welter Heating Co

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 width30 ft

Buildable depth110 ft

Area~3,294 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 3,294 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
4057 SNELLING AVE MINNEAPOLIS MN 55406	CORRINE J GRONVOLD	RESIDENTIAL	$211,000	40 ft
4049 SNELLING AVE MINNEAPOLIS MN 55406	J HARVEY H FORD ET AL	RESIDENTIAL	$216,000	40 ft
4061 SNELLING AVE MINNEAPOLIS MN 55406	JUSTIN KIECHLE	RESIDENTIAL	$203,300	80 ft
4047 SNELLING AVE MINNEAPOLIS MN 55406	AUDREY MCTAGGART	RESIDENTIAL	$307,100	80 ft
4041 SNELLING AVE MINNEAPOLIS MN 55406	VERNON N DEKEUSTER JR	RESIDENTIAL	$242,000	120 ft
4065 SNELLING AVE MINNEAPOLIS MN 55406	DANIEL KRUEGER/LORI KRUEGER	RESIDENTIAL	$179,600	127 ft
3504 41ST ST E MINNEAPOLIS MN 55406	TRUSTEE BREDEMANN FAM TRUST	RESIDENTIAL	$153,400	136 ft
3516 41ST ST E MINNEAPOLIS MN 55406	MATTHEW OVREBO	RESIDENTIAL	$234,000	155 ft
4037 SNELLING AVE MINNEAPOLIS MN 55406	JAMES CRANDALL	RESIDENTIAL	$310,100	160 ft
4036 MINNEHAHA AVE MINNEAPOLIS MN 55406	CABLE HOLDCO II INC	COMMERCIAL-PREFERRED	$240,000	164 ft

Property History

Current Tax Year

Year2026

Tax Due$3,472