4041 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823240075

Property Overview

Parcel ID0702823240075

Lot Size5,992 sq ft (0.138 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerVERNON N DEKEUSTER JR

Assessed Value$242,000

Land Value$115,000

Building Value$127,000

Annual Tax$3,398

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 2023 · $16K total declared value · Most recent: Feb 2024 (misc)

MiscFeb 2024Closed

$16K

NORTHFACE CONSTRUCTION LLC

ExistresJun 2023Closed

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
4047 SNELLING AVE MINNEAPOLIS MN 55406	AUDREY MCTAGGART	RESIDENTIAL	$307,100	40 ft
4037 SNELLING AVE MINNEAPOLIS MN 55406	JAMES CRANDALL	RESIDENTIAL	$310,100	40 ft
4049 SNELLING AVE MINNEAPOLIS MN 55406	J HARVEY H FORD ET AL	RESIDENTIAL	$216,000	80 ft
4033 SNELLING AVE MINNEAPOLIS MN 55406	E P SILVA & F R MARTINEZ	RESIDENTIAL	$198,000	80 ft
4053 SNELLING AVE MINNEAPOLIS MN 55406	LOIS I ELSING	RESIDENTIAL	$246,400	120 ft
4029 SNELLING AVE MINNEAPOLIS MN 55406	TIFFANY HUSTON	RESIDENTIAL	$302,500	120 ft
4057 SNELLING AVE MINNEAPOLIS MN 55406	CORRINE J GRONVOLD	RESIDENTIAL	$211,000	160 ft
4025 SNELLING AVE MINNEAPOLIS MN 55406	N D MILLER & ANDREA M MILLER	RESIDENTIAL	$276,800	160 ft
4020 MINNEHAHA AVE MINNEAPOLIS MN 55406	LIBERTE PROPS COMMERCIAL LLC	COMMERCIAL-PREFERRED	$1,860,000	164 ft
4032 MINNEHAHA AVE MINNEAPOLIS MN 55406	LIBERTE PROPS COMMERCIAL LLC	LAND-COMMERCIAL	$96,000	182 ft

Property History

Current Tax Year

Year2026

Tax Due$3,398