4229 CHEATHAM AVE MINNEAPOLIS MN 55406

PID: 0702823310033

Property Overview

Parcel ID0702823310033

Lot Size3,000 sq ft (0.069 ac)

Lot Dimensions (est.)94 ft wide × 32 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerJANICE LOCH

Assessed Value$172,200

Land Value$80,000

Building Value$92,200

Annual Tax$2,229

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 depth35 ft

Area~1,027 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 sfr / adu benchmarks for 1,027 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4225 CHEATHAM AVE MINNEAPOLIS MN 55406	ERIC W JONES	RESIDENTIAL	$247,000	40 ft
4231 CHEATHAM AVE MINNEAPOLIS MN 55406	SHEILA M O'DOUGHERTY	RESIDENTIAL-TWO UNIT	$249,400	48 ft
4224 SNELLING AVE MINNEAPOLIS MN 55406	PAUL P SKADSHEIM JR	RESIDENTIAL	$228,400	77 ft
4226 SNELLING AVE MINNEAPOLIS MN 55406	LANEL LANE & DEBRA LANE	RESIDENTIAL	$220,000	79 ft
4228 SNELLING AVE MINNEAPOLIS MN 55406	ULISES RIVERA LOPEZ	RESIDENTIAL	$198,500	83 ft
4237 CHEATHAM AVE MINNEAPOLIS MN 55406	MICHAEL P MEALY	RESIDENTIAL	$174,700	96 ft
4230 SNELLING AVE MINNEAPOLIS MN 55406	ROBERTA CULLEN	RESIDENTIAL	$253,000	112 ft
4220 SNELLING AVE MINNEAPOLIS MN 55406	A CRAWFORD/T FEW/M CRAWFORD	RESIDENTIAL-TWO UNIT	$391,200	113 ft
4236 SNELLING AVE MINNEAPOLIS MN 55406	JOANNE KURIA	RESIDENTIAL	$383,300	145 ft
4214 SNELLING AVE MINNEAPOLIS MN 55406	CRAIG O CARPENTER	RESIDENTIAL	$197,000	151 ft

Property History

Most Recent Sale

Date200712

Price$129,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,229