4124 CHEATHAM AVE MINNEAPOLIS MN 55406

PID: 0702823240190

Property Overview

Parcel ID0702823240190

Lot Size6,262 sq ft (0.144 ac)

Lot Dimensions (est.)180 ft wide × 35 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerADAM MACKIE & ANDREA MACKIE

Assessed Value$249,400

Land Value$116,000

Building Value$133,400

Annual Tax$3,861

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

1 permit on record since 2022 · Most recent: Jun 2022 (res)

ResJun 2022Closed

MN Plumbing & Home Services INC

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 width31 ft

Buildable depth113 ft

Area~3,424 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 3-story wood frame (5–12 units) benchmarks for 3,424 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4122 CHEATHAM AVE MINNEAPOLIS MN 55406	CHARLES MICHAEL ROSKENS	RESIDENTIAL	$188,000	42 ft
4130 CHEATHAM AVE MINNEAPOLIS MN 55406	LELAND MOEY	RESIDENTIAL	$325,200	50 ft
4116 CHEATHAM AVE MINNEAPOLIS MN 55406	JACQUELINE LALONDE ET AL	TRIPLEX	$824,200	88 ft
4134 CHEATHAM AVE MINNEAPOLIS MN 55406	CRAIG LESLIE	RESIDENTIAL	$213,300	100 ft
4110 CHEATHAM AVE MINNEAPOLIS MN 55406	MATHIAS MORTENSON	RESIDENTIAL	$177,000	134 ft
4140 CHEATHAM AVE MINNEAPOLIS MN 55406	CATHOLIC CHARITIES	APARTMENT	$0	155 ft
4152 CHEATHAM AVE MINNEAPOLIS MN 55406	CATHOLIC CHARITIES	VACANT LAND-APARTMENT	$0	181 ft
3333 41ST ST E MINNEAPOLIS MN 55406	MLJ ENTERPRISES LLC	INDUSTRIAL-PREFERRED	$175,000	193 ft
4136 CHEATHAM AVE MINNEAPOLIS MN 55406	CATHOLIC CHARITIES	VACANT LAND-APARTMENT	$0	202 ft
3401 41ST ST E MINNEAPOLIS MN 55406	MATHIAS MORTENSON	VACANT LAND-RESIDENTIAL	$114,000	203 ft

Property History

Most Recent Sale

Date201606

Price$123,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,861