4047 BLAISDELL AVE MINNEAPOLIS MN 55409

PID: 1002824240018

Property Overview

Parcel ID1002824240018

Lot Size5,310 sq ft (0.122 ac)

Lot Dimensions (est.)133 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerALEXANDER J WAGUESPACK ET AL

Assessed Value$639,200

Land Value$161,000

Building Value$478,200

Annual Tax$10,384

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,253/mo

Renter-occupied32.9%

Median home value$403K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1099

Market Snapshot

Zip code 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 depth93 ft

Area~2,782 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 2,782 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4051 BLAISDELL AVE MINNEAPOLIS MN 55409	MARY A NELSON	RESIDENTIAL	$540,800	40 ft
4043 BLAISDELL AVE MINNEAPOLIS MN 55409	RICHARD J HALVORSON JR ET AL	RESIDENTIAL	$488,900	40 ft
4055 BLAISDELL AVE MINNEAPOLIS MN 55409	BARBARA JUCICK	RESIDENTIAL	$431,000	80 ft
4039 BLAISDELL AVE MINNEAPOLIS MN 55409	N J & D J VOLZ	RESIDENTIAL	$351,500	80 ft
4035 BLAISDELL AVE MINNEAPOLIS MN 55409	BRITA DAWSON	RESIDENTIAL	$352,700	120 ft
4046 NICOLLET AVE MINNEAPOLIS MN 55409	KATHRYN S LITCH	RESIDENTIAL	$213,900	132 ft
4050 NICOLLET AVE MINNEAPOLIS MN 55409	A C LUEDTKE & B C CAMERON	RESIDENTIAL-TWO UNIT	$362,200	138 ft
4042 NICOLLET AVE MINNEAPOLIS MN 55409	JOSEPH B MAJORS ETAL	RESIDENTIAL	$317,600	139 ft
4056 NICOLLET AVE MINNEAPOLIS MN 55409	ABIGAIL JENSEN/ANDREW BRANCH	RESIDENTIAL	$303,400	154 ft
4038 NICOLLET AVE MINNEAPOLIS MN 55409	PAULINE BRADFORD	RESIDENTIAL	$239,800	155 ft

Property History

Most Recent Sale

Date201703

Price$615,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,384