2401 42ND ST W MINNEAPOLIS MN 55410

PID: 0802824140100

Property Overview

Parcel ID0802824140100

Lot Size1,472 sq ft (0.034 ac)

Lot Dimensions (est.)34 ft wide × 43 ft deep

Year Built1905

Property ClassTRIPLEX

OwnerJOHN HOLLAND

Assessed Value$466,900

Land Value$182,000

Building Value$284,900

Annual Tax$7,137

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width21 ft

Buildable depth3 ft

Area~224 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 sfr / adu benchmarks for 224 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2403 42ND ST W MINNEAPOLIS MN 55410	SARAH M & DAVID B BALESTRI	APARTMENT	$747,000	49 ft
4206 QUEEN AVE S MINNEAPOLIS MN 55410	4208 SOUTH QUEEN LLC	APARTMENT	$700,900	95 ft
2415 42ND ST W MINNEAPOLIS MN 55410	E JORGENSON & S JORGENSON	RESIDENTIAL	$1,150,000	123 ft
4214 QUEEN AVE S MINNEAPOLIS MN 55410	SOLANO EQUITY LLC	RESIDENTIAL	$1,359,100	141 ft
4136 QUEEN AVE S MINNEAPOLIS MN 55410	JAMES HARKNESS	CONDOMINIUM	$219,200	153 ft
4136 QUEEN AVE S MINNEAPOLIS MN 55410	MARY E MCLAUGHLIN LIVING TRU	CONDOMINIUM	$145,800	153 ft
4136 QUEEN AVE S MINNEAPOLIS MN 55410	ERIK C BRENDTRO	CONDOMINIUM	$208,400	153 ft
4136 QUEEN AVE S MINNEAPOLIS MN 55410	BJORN E ERICKSON	CONDOMINIUM	$206,300	153 ft
4136 QUEEN AVE S MINNEAPOLIS MN 55410	JAY CERISE	CONDOMINIUM	$177,100	153 ft
4136 QUEEN AVE S MINNEAPOLIS MN 55410	MICHAEL K KILLEEN	CONDOMINIUM	$172,800	153 ft

Property History

Most Recent Sale

Date200211

Price$399,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,137