4524 41ST AVE S MINNEAPOLIS MN 55406

PID: 0702823430160

Property Overview

Parcel ID0702823430160

Lot Size4,262 sq ft (0.098 ac)

Lot Dimensions (est.)114 ft wide × 37 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerALEXANDRA A SACKETT

Assessed Value$271,800

Land Value$114,000

Building Value$157,800

Annual Tax$3,883

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

5 permits on record since 2019 · $20K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$11K

LEGACY RESTORATION LLC

MiscSep 2023Closed

$6K

LEGACY RESTORATION LLC

ExistresOct 2020Closed

CENTERPOINT ENERGY

MiscApr 2020Closed

$3K

RENEWAL BY ANDERSEN CORP

ResJun 2019Closed

Water Heaters Now Inc

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 width30 ft

Buildable depth67 ft

Area~1,958 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 1,958 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4528 41ST AVE S MINNEAPOLIS MN 55406	K WILEY/E WINESETT/A WILEY	RESIDENTIAL-TWO UNIT	$295,700	40 ft
4520 41ST AVE S MINNEAPOLIS MN 55406	IRENE MORLEY & JACK SMITH	RESIDENTIAL	$343,800	41 ft
4516 41ST AVE S MINNEAPOLIS MN 55406	C ABURIME & J LEPPALA	RESIDENTIAL	$314,000	81 ft
4532 41ST AVE S MINNEAPOLIS MN 55406	CHRISTOPHER D SHRIER	RESIDENTIAL	$299,300	85 ft
4512 41ST AVE S MINNEAPOLIS MN 55406	BENJAMIN P KIMMEL	RESIDENTIAL	$373,500	122 ft
4533 MINNEHAHA AVE MINNEAPOLIS MN 55406	JOSHUA L HELMING	RESIDENTIAL	$229,000	130 ft
4537 MINNEHAHA AVE MINNEAPOLIS MN 55406	JACOB SWENSON	RESIDENTIAL-TWO UNIT	$314,400	131 ft
4529 MINNEHAHA AVE MINNEAPOLIS MN 55406	M W THOMPSON & M E THOMPSON	RESIDENTIAL-TWO UNIT	$314,900	141 ft
4541 MINNEHAHA AVE MINNEAPOLIS MN 55406	ANDREW FISCHER	RESIDENTIAL	$280,400	143 ft
4536 41ST AVE S MINNEAPOLIS MN 55406	P J O'CONNER/J E O'CONNER	RESIDENTIAL	$329,500	155 ft

Property History

Most Recent Sale

Date201805

Price$231,300

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,883