4327 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823310091

Property Overview

Parcel ID0702823310091

Lot Size6,865 sq ft (0.158 ac)

Lot Dimensions (est.)182 ft wide × 38 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerR I RICHTER & R RICHTER

Assessed Value$483,300

Land Value$122,000

Building Value$361,300

Annual Tax$7,438

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

3 permits on record since 2013 · $215K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

AccessoryJul 2017Closed

$19K

Minneapolis Garage Builders, LLC

Building Re-inspectionMar 2013

$196K

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Hiawatha · Minneapolis

Median reported rent1,554/mo

Renter-occupied38.8%

Median home value$306K

Vacancy rate5.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1105

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 depth116 ft

Area~3,866 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 3,866 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4323 SNELLING AVE MINNEAPOLIS MN 55406	ANDREW TOMTEN	RESIDENTIAL	$271,800	44 ft
4333 SNELLING AVE MINNEAPOLIS MN 55406	SHEILA ROHNE	RESIDENTIAL	$312,100	44 ft
4319 SNELLING AVE MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	88 ft
4337 SNELLING AVE MINNEAPOLIS MN 55406	K J SCHARFE & V S SMITH	RESIDENTIAL	$296,400	88 ft
4315 SNELLING AVE MINNEAPOLIS MN 55406	TODD J KRINGLER	RESIDENTIAL	$302,600	132 ft
4341 SNELLING AVE MINNEAPOLIS MN 55406	AMY KAMEL & ANDRES LEZA	RESIDENTIAL	$292,400	133 ft
4320 MINNEHAHA AVE MINNEAPOLIS MN 55406	VASILENA HRISTOVA	RESIDENTIAL	$328,100	173 ft
4345 SNELLING AVE MINNEAPOLIS MN 55406	SOPHIA NIKITAS/EMILY STACKEN	RESIDENTIAL-TWO UNIT	$436,000	177 ft
4328 MINNEHAHA AVE MINNEAPOLIS MN 55406	MENACHEM SHMOOL	RESIDENTIAL-TWO UNIT	$300,900	182 ft
4314 MINNEHAHA AVE MINNEAPOLIS MN 55406	4314 LLC	APARTMENT	$751,000	182 ft

Property History

Most Recent Sale

Date199802

Price$51,000

Type—

Current Tax Year

Year2026

Tax Due$7,438