4517 35TH AVE S MINNEAPOLIS MN 55406

PID: 0702823340091

Property Overview

Parcel ID0702823340091

Lot Size6,801 sq ft (0.156 ac)

Lot Dimensions (est.)136 ft wide × 50 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerMICHAEL D PERKINS

Assessed Value$337,300

Land Value$157,000

Building Value$180,300

Annual Tax$4,975

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 2020 · $7K total declared value · Most recent: Feb 2020 (remodel)

RemodelFeb 2020Closed

$7K

BRAD SCOTT CONSTRUCTION

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

Neighborhood Profile

Ericsson · Minneapolis

Median reported rent1,733/mo

Renter-occupied14.2%

Median home value$372K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1111

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 width40 ft

Buildable depth96 ft

Area~3,839 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 3,839 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4519 35TH AVE S MINNEAPOLIS MN 55406	J J DRAPER & S JO WHEELER	RESIDENTIAL	$355,100	47 ft
4513 35TH AVE S MINNEAPOLIS MN 55406	N JENNEMAN & R SEIBOLD	RESIDENTIAL	$394,800	50 ft
4523 35TH AVE S MINNEAPOLIS MN 55406	MICHAEL J CEDARBLADE & WIFE	RESIDENTIAL	$274,500	93 ft
4509 35TH AVE S MINNEAPOLIS MN 55406	JOSE J GONZALEZ	RESIDENTIAL	$356,700	100 ft
4531 35TH AVE S MINNEAPOLIS MN 55406	CLEAN CUT BARBERS INC	RESIDENTIAL	$265,300	138 ft
4501 35TH AVE S MINNEAPOLIS MN 55406	CAROL ANN WING	RESIDENTIAL	$316,000	151 ft
4535 35TH AVE S MINNEAPOLIS MN 55406	CONSTANCE A KIRBY	RESIDENTIAL	$430,100	193 ft
4514 35TH AVE S MINNEAPOLIS MN 55406	H W WATKINS IV/A LEIPARD	RESIDENTIAL	$411,800	195 ft
4510 35TH AVE S MINNEAPOLIS MN 55406	ELOISE M MCDONALD	RESIDENTIAL	$248,800	201 ft
4520 35TH AVE S MINNEAPOLIS MN 55406	KARISSA SCHMOE/LYDIA GAJDEL	RESIDENTIAL	$313,800	202 ft

Property History

Most Recent Sale

Date199705

Price$75,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,975