4237 CHEATHAM AVE MINNEAPOLIS MN 55406

PID: 0702823310064

Property Overview

Parcel ID0702823310064

Lot Size2,972 sq ft (0.068 ac)

Lot Dimensions (est.)87 ft wide × 34 ft deep

Year Built1947

Property ClassRESIDENTIAL

OwnerMICHAEL P MEALY

Assessed Value$174,700

Land Value$79,000

Building Value$95,700

Annual Tax$2,272

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 2016 · $4K total declared value · Most recent: Dec 2016 (misc)

MiscDec 2016Closed

$4K

REVNIK CONTRACTORS 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

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 width34 ft

Buildable depth28 ft

Area~917 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 917 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4231 CHEATHAM AVE MINNEAPOLIS MN 55406	SHEILA M O'DOUGHERTY	RESIDENTIAL-TWO UNIT	$249,400	48 ft
4242 SNELLING AVE MINNEAPOLIS MN 55406	JERROLD J & JANE M WITZ	RESIDENTIAL	$261,100	75 ft
4236 SNELLING AVE MINNEAPOLIS MN 55406	JOANNE KURIA	RESIDENTIAL	$383,300	84 ft
4230 SNELLING AVE MINNEAPOLIS MN 55406	ROBERTA CULLEN	RESIDENTIAL	$253,000	86 ft
4247 CHEATHAM AVE MINNEAPOLIS MN 55406	J BORGMANN & C SANDERS	RESIDENTIAL	$203,500	90 ft
4229 CHEATHAM AVE MINNEAPOLIS MN 55406	JANICE LOCH	RESIDENTIAL	$172,200	96 ft
4228 SNELLING AVE MINNEAPOLIS MN 55406	ULISES RIVERA LOPEZ	RESIDENTIAL	$198,500	106 ft
4251 CHEATHAM AVE MINNEAPOLIS MN 55406	MEGAN G THOMPSON	RESIDENTIAL	$166,600	134 ft
4226 SNELLING AVE MINNEAPOLIS MN 55406	LANEL LANE & DEBRA LANE	RESIDENTIAL	$220,000	135 ft
4225 CHEATHAM AVE MINNEAPOLIS MN 55406	ERIC W JONES	RESIDENTIAL	$247,000	135 ft

Property History

Most Recent Sale

Date200004

Price$43,750

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$2,272