4314 MINNEHAHA AVE MINNEAPOLIS MN 55406

PID: 0702823310096

Property Overview

Parcel ID0702823310096

Lot Size10,427 sq ft (0.239 ac)

Lot Dimensions (est.)184 ft wide × 57 ft deep

Year Built1961

Property ClassAPARTMENT

Owner4314 LLC

Assessed Value$751,000

Land Value$165,900

Building Value$585,100

Annual Tax$15,097

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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 rent1,554/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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width59 ft

Buildable depth111 ft

Area~6,478 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 6,478 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4308 MINNEHAHA AVE MINNEAPOLIS MN 55406	OLIVIA M POLINSKY-ROSE	RESIDENTIAL	$256,300	60 ft
4320 MINNEHAHA AVE MINNEAPOLIS MN 55406	VASILENA HRISTOVA	RESIDENTIAL	$328,100	61 ft
4304 MINNEHAHA AVE MINNEAPOLIS MN 55406	PAIGE & ANDREW MURPHY TRUST	RESIDENTIAL	$374,800	108 ft
4328 MINNEHAHA AVE MINNEAPOLIS MN 55406	MENACHEM SHMOOL	RESIDENTIAL-TWO UNIT	$300,900	114 ft
4300 MINNEHAHA AVE MINNEAPOLIS MN 55406	H R HALVORSEN & N SMIAR	RESIDENTIAL	$321,800	156 ft
4323 SNELLING AVE MINNEAPOLIS MN 55406	ANDREW TOMTEN	RESIDENTIAL	$271,800	173 ft
4319 SNELLING AVE MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	176 ft
4330 MINNEHAHA AVE MINNEAPOLIS MN 55406	4330 MINNEHAHA AVE LLC	APARTMENT	$856,000	177 ft
4327 SNELLING AVE MINNEAPOLIS MN 55406	R I RICHTER & R RICHTER	RESIDENTIAL	$483,300	182 ft
3715 43RD ST E MINNEAPOLIS MN 55406	C C CAMPBELL & A T JOHNSON	RESIDENTIAL	$298,700	188 ft

Property History

Most Recent Sale

Date199812

Price$260,000

Type—

Current Tax Year

Year2026

Tax Due$15,097