4226 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823310031

Property Overview

Parcel ID0702823310031

Lot Size3,300 sq ft (0.076 ac)

Lot Dimensions (est.)102 ft wide × 32 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerLANEL LANE & DEBRA LANE

Assessed Value$220,000

Land Value$84,000

Building Value$136,000

Annual Tax$3,031

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 2023 · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

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 depth43 ft

Area~1,247 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 1,247 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4228 SNELLING AVE MINNEAPOLIS MN 55406	ULISES RIVERA LOPEZ	RESIDENTIAL	$198,500	40 ft
4224 SNELLING AVE MINNEAPOLIS MN 55406	PAUL P SKADSHEIM JR	RESIDENTIAL	$228,400	65 ft
4229 CHEATHAM AVE MINNEAPOLIS MN 55406	JANICE LOCH	RESIDENTIAL	$172,200	79 ft
4225 CHEATHAM AVE MINNEAPOLIS MN 55406	ERIC W JONES	RESIDENTIAL	$247,000	84 ft
4230 SNELLING AVE MINNEAPOLIS MN 55406	ROBERTA CULLEN	RESIDENTIAL	$253,000	89 ft
4231 CHEATHAM AVE MINNEAPOLIS MN 55406	SHEILA M O'DOUGHERTY	RESIDENTIAL-TWO UNIT	$249,400	97 ft
4220 SNELLING AVE MINNEAPOLIS MN 55406	A CRAWFORD/T FEW/M CRAWFORD	RESIDENTIAL-TWO UNIT	$391,200	101 ft
4237 CHEATHAM AVE MINNEAPOLIS MN 55406	MICHAEL P MEALY	RESIDENTIAL	$174,700	135 ft
4236 SNELLING AVE MINNEAPOLIS MN 55406	JOANNE KURIA	RESIDENTIAL	$383,300	136 ft
4214 SNELLING AVE MINNEAPOLIS MN 55406	CRAIG O CARPENTER	RESIDENTIAL	$197,000	139 ft

Property History

Most Recent Sale

Date202111

Price$229,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,031