4156 MINNEHAHA AVE MINNEAPOLIS MN 55406

PID: 0702823240111

Property Overview

Parcel ID0702823240111

Lot Size4,099 sq ft (0.094 ac)

Lot Dimensions (est.)133 ft wide × 31 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerM G LOVESTRAND/H LOVESTRAND

Assessed Value$256,800

Land Value$86,000

Building Value$170,800

Annual Tax$3,647

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $15K total declared value · Most recent: May 2025 (misc)

MiscMay 2025Closed

$4K

Universal Windows Direct Twin Cities

MiscAug 2024Closed

$2K

Universal Windows Direct Twin Cities

ResMar 2021Closed

Warners Stellian Co Inc

ResNov 2020Closed

Ike's Plumbing & Drain Cleaning Inc

RemodelOct 2020Closed

$10K

Clear Choice Bath

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth62 ft

Area~1,800 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 1,800 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4160 MINNEHAHA AVE MINNEAPOLIS MN 55406	HOUSTON PHILLIPS BURNETTE	RESIDENTIAL	$252,500	38 ft
4152 MINNEHAHA AVE MINNEAPOLIS MN 55406	KATELYN GIERKE	RESIDENTIAL	$281,100	40 ft
4148 MINNEHAHA AVE MINNEAPOLIS MN 55406	THERESA J CRAWFORD	RESIDENTIAL	$317,100	80 ft
4144 MINNEHAHA AVE MINNEAPOLIS MN 55406	J O MC FEE ETAL	RESIDENTIAL	$265,500	120 ft
3620 42ND ST E MINNEAPOLIS MN 55406	REGAN 3620 LLC	LOW INCOME RENTAL	$2,684,000	156 ft
4140 MINNEHAHA AVE MINNEAPOLIS MN 55406	FRANK J BELLAND	RESIDENTIAL	$261,100	160 ft
4136 MINNEHAHA AVE MINNEAPOLIS MN 55406	CLAUDE HAROLD BENSON	RESIDENTIAL	$264,800	200 ft
3613 42ND ST E MINNEAPOLIS MN 55406	MNSF T2 SPE LLC	RESIDENTIAL	$254,000	202 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	JON DANA GOLDBLATT	RESIDENTIAL	$938,000	212 ft
4200 MINNEHAHA AVE MINNEAPOLIS MN 55406	ABKA, MN GENERAL PARTNERSHIP	APARTMENT	$2,677,000	212 ft

Property History

Most Recent Sale

Date201801

Price$231,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,647