4039 BLAISDELL AVE MINNEAPOLIS MN 55409

PID: 1002824240020

Property Overview

Parcel ID1002824240020

Lot Size5,310 sq ft (0.122 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerN J & D J VOLZ

Assessed Value$351,500

Land Value$161,000

Building Value$190,500

Annual Tax$5,232

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

2 permits on record since 2021 · $3K total declared value · Most recent: Oct 2024 (existres)

ExistresOct 2024Closed

Midland HVAC LLC

AdditionJul 2021Closed

$3K

Hage Construction Co

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

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
4043 BLAISDELL AVE MINNEAPOLIS MN 55409	RICHARD J HALVORSON JR ET AL	RESIDENTIAL	$488,900	40 ft
4035 BLAISDELL AVE MINNEAPOLIS MN 55409	BRITA DAWSON	RESIDENTIAL	$352,700	40 ft
4047 BLAISDELL AVE MINNEAPOLIS MN 55409	ALEXANDER J WAGUESPACK ET AL	RESIDENTIAL	$639,200	80 ft
4029 BLAISDELL AVE MINNEAPOLIS MN 55409	IAN IHDE & JAMEY IHDE	RESIDENTIAL-TWO UNIT	$505,600	80 ft
4051 BLAISDELL AVE MINNEAPOLIS MN 55409	MARY A NELSON	RESIDENTIAL	$540,800	120 ft
4027 BLAISDELL AVE MINNEAPOLIS MN 55409	B MCMULLAN & C VALENTINO	RESIDENTIAL	$327,000	120 ft
4038 NICOLLET AVE MINNEAPOLIS MN 55409	PAULINE BRADFORD	RESIDENTIAL	$239,800	132 ft
4034 NICOLLET AVE MINNEAPOLIS MN 55409	MICHAEL LEE	RESIDENTIAL	$208,700	138 ft
4042 NICOLLET AVE MINNEAPOLIS MN 55409	JOSEPH B MAJORS ETAL	RESIDENTIAL	$317,600	138 ft
4046 NICOLLET AVE MINNEAPOLIS MN 55409	KATHRYN S LITCH	RESIDENTIAL	$213,900	154 ft

Property History

Current Tax Year

Year2026

Tax Due$5,232