4003 BLAISDELL AVE MINNEAPOLIS MN 55409

PID: 1002824240028

Property Overview

Parcel ID1002824240028

Lot Size5,311 sq ft (0.122 ac)

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

Year Built1917

Property ClassRESIDENTIAL

OwnerN RAYMOND & A FINCH

Assessed Value$411,100

Land Value$161,000

Building Value$250,100

Annual Tax$6,229

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · $40K total declared value · Most recent: Oct 2022 (res)

ResOct 2022Closed

Urban Pine Plumbing and Mechanical Inc

ExistresMar 2021Closed

ST PAUL PLUMBING AND HEATING CO INC

ExistresFeb 2021Closed

SODERLIN PLUMBING HEATING AND AIR

ResJan 2020Closed

ESP Co LLC

RemodelJan 2020Closed

$40K

HIGGINS CONSTRUCTION LLC

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

Neighborhood Profile

King Field · 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
4001 BLAISDELL AVE MINNEAPOLIS MN 55409	CAITLIN BORGERT-SPANIOL ETAL	RESIDENTIAL	$743,000	36 ft
4007 BLAISDELL AVE MINNEAPOLIS MN 55409	E DRELLING & M DRELLING	RESIDENTIAL	$370,000	40 ft
4011 BLAISDELL AVE MINNEAPOLIS MN 55409	NANCY GALAS	RESIDENTIAL	$351,900	80 ft
4004 NICOLLET AVE MINNEAPOLIS MN 55409	J R KEEFE & D N KEEFE	RESIDENTIAL	$298,300	132 ft
4000 NICOLLET AVE MINNEAPOLIS MN 55409	KELSEY J STORKAMP	RESIDENTIAL	$263,300	137 ft
4006 NICOLLET AVE MINNEAPOLIS MN 55409	CODY PUMPER	RESIDENTIAL	$279,900	138 ft
4019 BLAISDELL AVE MINNEAPOLIS MN 55409	A C RADER & C RADER	RESIDENTIAL	$510,000	140 ft
4010 NICOLLET AVE MINNEAPOLIS MN 55409	JEFFREY BORDENKECHER	RESIDENTIAL	$253,900	154 ft
12 40TH ST W MINNEAPOLIS MN 55409	HANNAH JOHNSON	RESIDENTIAL	$220,700	161 ft
24 40TH ST W MINNEAPOLIS MN 55409	RICKY D BONNEVILLE	RESIDENTIAL	$234,000	172 ft

Property History

Most Recent Sale

Date199503

Price$111,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,229