4435 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823430179

Property Overview

Parcel ID0702823430179

Lot Size7,141 sq ft (0.164 ac)

Lot Dimensions (est.)178 ft wide × 40 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerRICH HASTINGS/LUCY I KROKUM

Assessed Value$358,100

Land Value$124,000

Building Value$234,100

Annual Tax$5,323

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 2001 · $102K total declared value · Most recent: Oct 2001 (building re-inspection)

Building Re-inspectionOct 2001

$102K

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 width37 ft

Buildable depth112 ft

Area~4,069 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 4,069 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
4439 SNELLING AVE MINNEAPOLIS MN 55406	S G HAMMILL & S C HAMMILL	RESIDENTIAL	$299,300	47 ft
4431 SNELLING AVE MINNEAPOLIS MN 55406	D ANDERSON & J ANDERSON	RESIDENTIAL	$297,000	48 ft
4427 SNELLING AVE MINNEAPOLIS MN 55406	ADAM SEXTON & KATE RODAH	RESIDENTIAL	$335,200	95 ft
4443 SNELLING AVE MINNEAPOLIS MN 55406	JOSHUA J HILL	RESIDENTIAL	$310,000	95 ft
4423 SNELLING AVE MINNEAPOLIS MN 55406	TODD A GUELKER & K J GUELKER	RESIDENTIAL	$273,300	141 ft
4447 SNELLING AVE MINNEAPOLIS MN 55406	B M MAURISAK & L A GOSS	RESIDENTIAL	$322,500	141 ft
4430 MINNEHAHA AVE MINNEAPOLIS MN 55406	ZACHARY M MOORE	RESIDENTIAL-TWO UNIT	$400,400	166 ft
4426 MINNEHAHA AVE MINNEAPOLIS MN 55406	J A & E J ENGE	RESIDENTIAL	$269,000	168 ft
4434 MINNEHAHA AVE MINNEAPOLIS MN 55406	LUIS D GUERRERO ETAL	RESIDENTIAL-TWO UNIT	$400,400	176 ft
4422 MINNEHAHA AVE MINNEAPOLIS MN 55406	T LOUGHRIST& K LOUGHRIST	RESIDENTIAL	$257,000	180 ft

Property History

Most Recent Sale

Date198907

Price$51,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,323