4338 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823310098

Property Overview

Parcel ID0702823310098

Lot Size11,827 sq ft (0.272 ac)

Lot Dimensions (est.)170 ft wide × 70 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerKK-FIVE CORPORATION

Assessed Value$346,900

Land Value$150,000

Building Value$196,900

Annual Tax$5,370

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

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width83 ft

Buildable depth87 ft

Area~7,188 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 7,188 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4334 SNELLING AVE MINNEAPOLIS MN 55406	KK-FIVE CORPORATION	VACANT LAND-RESIDENTIAL	$107,000	66 ft
4346 SNELLING AVE MINNEAPOLIS MN 55406	J N WOODHURST/C S WOODHURST	RESIDENTIAL	$271,000	68 ft
4352 SNELLING AVE MINNEAPOLIS MN 55406	MNSF T2 SPE LLC	RESIDENTIAL	$234,000	116 ft
4356 SNELLING AVE MINNEAPOLIS MN 55406	MAXWELL J BAKER	RESIDENTIAL	$254,300	164 ft
4360 SNELLING AVE MINNEAPOLIS MN 55406	KK-FIVE CORPORATION	VACANT LAND-APARTMENT	$98,300	212 ft
4333 SNELLING AVE MINNEAPOLIS MN 55406	SHEILA ROHNE	RESIDENTIAL	$312,100	222 ft
4327 SNELLING AVE MINNEAPOLIS MN 55406	R I RICHTER & R RICHTER	RESIDENTIAL	$483,300	223 ft
4337 SNELLING AVE MINNEAPOLIS MN 55406	K J SCHARFE & V S SMITH	RESIDENTIAL	$296,400	230 ft
3612 44TH ST E MINNEAPOLIS MN 55406	HIAWATHA FLATS LLC	APARTMENT	$23,500,000	231 ft
4323 SNELLING AVE MINNEAPOLIS MN 55406	ANDREW TOMTEN	RESIDENTIAL	$271,800	232 ft

Property History

Most Recent Sale

Date200702

Price$249,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,370