4524 35TH AVE S MINNEAPOLIS MN 55406

PID: 0702823340098

Property Overview

Parcel ID0702823340098

Lot Size6,787 sq ft (0.156 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerB P BUSHEY & J T BUSHEY

Assessed Value$407,500

Land Value$159,000

Building Value$248,500

Annual Tax$6,146

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

4 permits on record since 2022 · $28K total declared value · Most recent: Sep 2025 (remodel)

RemodelSep 2025Closed

$6K

Wolf River Electric

MiscApr 2024Closed

$22K

Viking Contractors LLC

ResJun 2022Closed

ROTO-ROOTER SERVICES CO

ResMay 2022Closed

CenterPoint Energy Resource Corp

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~3,828 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 3,828 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
4520 35TH AVE S MINNEAPOLIS MN 55406	KARISSA SCHMOE/LYDIA GAJDEL	RESIDENTIAL	$313,800	50 ft
4530 35TH AVE S MINNEAPOLIS MN 55406	KEITH D LINDENBAUM	RESIDENTIAL	$356,000	50 ft
4514 35TH AVE S MINNEAPOLIS MN 55406	H W WATKINS IV/A LEIPARD	RESIDENTIAL	$411,800	100 ft
4536 35TH AVE S MINNEAPOLIS MN 55406	LIAM DALE & COLLEEN DALE	RESIDENTIAL	$296,200	100 ft
4525 34TH AVE S MINNEAPOLIS MN 55406	R MALONE & R A MALONE	RESIDENTIAL	$561,900	134 ft
4521 34TH AVE S MINNEAPOLIS MN 55406	VICKY S BLAIR	RESIDENTIAL	$276,800	142 ft
4531 34TH AVE S MINNEAPOLIS MN 55406	JILL M JASPERSON	RESIDENTIAL	$449,800	143 ft
4510 35TH AVE S MINNEAPOLIS MN 55406	ELOISE M MCDONALD	RESIDENTIAL	$248,800	150 ft
4540 35TH AVE S MINNEAPOLIS MN 55406	JEROME T EVANS & AARON WEISS	RESIDENTIAL	$276,000	150 ft
4517 34TH AVE S MINNEAPOLIS MN 55406	D A RHODES & R R MADDOX	RESIDENTIAL	$231,200	163 ft

Property History

Most Recent Sale

Date199309

Price$83,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,146