4115 BLAISDELL AVE MINNEAPOLIS MN 55409

PID: 1002824240232

Property Overview

Parcel ID1002824240232

Lot Size5,310 sq ft (0.122 ac)

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

Year Built1909

Property ClassRESIDENTIAL

OwnerP OVBIEBO & J M OVBIEBO

Assessed Value$565,200

Land Value$161,000

Building Value$404,200

Annual Tax$10,684

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

6 permits on record since 2017 · $100K total declared value · Most recent: Apr 2021 (res)

ResApr 2021Closed

FIRESIDE HEARTH AND HOME

ResApr 2021Closed

B and B Plumbing Inc

ResMar 2021Closed

B and B Plumbing Inc

ExistresFeb 2021Closed

PMR Mechanical, Inc.

AdditionDec 2020Closed

$100K

HyR 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
4119 BLAISDELL AVE MINNEAPOLIS MN 55409	KAREN E LUNDIN PIEPER	RESIDENTIAL	$372,100	40 ft
4111 BLAISDELL AVE MINNEAPOLIS MN 55409	KATHLEEN R HILL	VACANT LAND-RESIDENTIAL	$209,000	60 ft
4123 BLAISDELL AVE MINNEAPOLIS MN 55409	SANDRA K FRIDOLFSON	RESIDENTIAL	$408,000	85 ft
4129 BLAISDELL AVE MINNEAPOLIS MN 55409	ASHLEY M MULLIKIN	RESIDENTIAL	$507,600	130 ft
4114 NICOLLET AVE MINNEAPOLIS MN 55409	TODD A BERG	RESIDENTIAL	$378,300	132 ft
4101 BLAISDELL AVE MINNEAPOLIS MN 55409	C V STRANDJORD & P J JOHNSON	RESIDENTIAL	$414,000	135 ft
4118 NICOLLET AVE MINNEAPOLIS MN 55409	W PORTER & W DITTMANN	RESIDENTIAL	$394,300	138 ft
4110 NICOLLET AVE MINNEAPOLIS MN 55409	AILA O'LOUGHLIN	RESIDENTIAL	$329,300	139 ft
4122 NICOLLET AVE MINNEAPOLIS MN 55409	J NEVEAUX & J SAMUELS	RESIDENTIAL	$411,600	154 ft
4106 NICOLLET AVE MINNEAPOLIS MN 55409	MADELINE STERL/JOE GAGLIANO	RESIDENTIAL	$351,500	155 ft

Property History

Most Recent Sale

Date202010

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,684