3928 RICHFIELD RD MINNEAPOLIS MN 55410

PID: 0802824110041

Property Overview

Parcel ID0802824110041

Lot Size6,596 sq ft (0.151 ac)

Lot Dimensions (est.)181 ft wide × 36 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerS J MALCY & JAY P SHAEFER

Assessed Value$652,700

Land Value$380,000

Building Value$272,700

Annual Tax$10,600

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $63K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$29K

SCHAFFER WINDOW AND SIDING INC

MiscApr 2023Cancelled

$22K

SCHAFFER WINDOW AND SIDING INC

AccessoryOct 2019Closed

$12K

ADAPTABLE BUILDERS

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

Neighborhood Profile

Linden Hills · Minneapolis

Median reported rent1,434/mo

Renter-occupied58.4%

Median home value$420K

Vacancy rate3.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1091

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

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 width171 ft

Buildable depth0 ft

Area~3,219 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 3,219 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3926 RICHFIELD RD MINNEAPOLIS MN 55410	JAMES SCHMIDT	RESIDENTIAL	$496,000	50 ft
3933 SHERIDAN AVE S MINNEAPOLIS MN 55410	JOHN A MUELLER	RESIDENTIAL	$492,100	72 ft
3927 SHERIDAN AVE S MINNEAPOLIS MN 55410	ADAM MARCUS VERHASSELT ET AL	RESIDENTIAL	$830,700	76 ft
3932 RICHFIELD RD MINNEAPOLIS MN 55410	ANAT SHINAR & SAMUEL BAKER	RESIDENTIAL	$873,000	80 ft
3923 SHERIDAN AVE S MINNEAPOLIS MN 55410	PATRICK MCINTYRE	RESIDENTIAL	$406,600	113 ft
3922 RICHFIELD RD MINNEAPOLIS MN 55410	JOHN C STIEHM JR	RESIDENTIAL	$905,000	115 ft
3937 SHERIDAN AVE S MINNEAPOLIS MN 55410	JOSEPH D CROSS	RESIDENTIAL	$502,300	124 ft
3940 RICHFIELD RD MINNEAPOLIS MN 55410	WEIST TRUST	RESIDENTIAL	$874,000	147 ft
2514 40TH ST W MINNEAPOLIS MN 55410	PAUL GOTLIEB & LINDA GOTLIEB	RESIDENTIAL	$630,300	169 ft
3916 RICHFIELD RD MINNEAPOLIS MN 55410	M G RIDENOUR & L RIDENOUR	RESIDENTIAL	$1,079,000	187 ft

Property History

Most Recent Sale

Date201604

Price$560,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,600