4241 GARFIELD AVE MINNEAPOLIS MN 55409

PID: 1002824320131

Property Overview

Parcel ID1002824320131

Lot Size6,539 sq ft (0.150 ac)

Lot Dimensions (est.)131 ft wide × 50 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerPAUL REED & MADELEINE REED

Assessed Value$607,000

Land Value$233,000

Building Value$374,000

Annual Tax$9,773

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $10K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

ResSep 2023Closed

Master Plumbing Services LLC

ResJun 2021Closed

GRABOW PLUMBING INC

ExistresJun 2021Closed

TEAM MECHANICAL INC

RemodelMay 2021Closed

$10K

SYLVESTRE CONSTRUCTION INC

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

Neighborhood Profile

King Field · Minneapolis

Median reported rent1,545/mo

Renter-occupied24.2%

Median home value$360K

Vacancy rate1.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1108

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth91 ft

Area~3,629 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 3,629 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4245 GARFIELD AVE MINNEAPOLIS MN 55409	CHANG DEUTSCH FAMILY TRUST	RESIDENTIAL	$566,100	50 ft
4235 GARFIELD AVE MINNEAPOLIS MN 55409	DANIEL P KLEIN/MIRRA FINE	RESIDENTIAL	$594,000	53 ft
4251 GARFIELD AVE MINNEAPOLIS MN 55409	M MCCLIMON & K MICHAUD	RESIDENTIAL	$572,100	97 ft
4229 GARFIELD AVE MINNEAPOLIS MN 55409	M PETERSEN & W KRUSE	RESIDENTIAL	$683,000	110 ft
4238 HARRIET AVE MINNEAPOLIS MN 55409	M H GONZALES & G M GONZALES	RESIDENTIAL	$516,200	145 ft
4255 GARFIELD AVE MINNEAPOLIS MN 55409	J W GARRITY & R T GARRITY	RESIDENTIAL	$619,300	145 ft
4242 HARRIET AVE MINNEAPOLIS MN 55409	K SIMPSON & NICHOLAS SIMPSON	RESIDENTIAL	$614,300	147 ft
4234 HARRIET AVE MINNEAPOLIS MN 55409	C LAHM & S LAHM	RESIDENTIAL	$398,000	154 ft
4246 HARRIET AVE MINNEAPOLIS MN 55409	RICHARD J ELLINGSON ET AL	RESIDENTIAL	$514,600	160 ft
4223 GARFIELD AVE MINNEAPOLIS MN 55409	LORI HEIKKILA TRYGG	RESIDENTIAL-TWO UNIT	$673,700	165 ft

Property History

Most Recent Sale

Date202303

Price$680,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,773