3848 CEDAR AVE S MINNEAPOLIS MN 55407

PID: 1102824110127

Property Overview

Parcel ID1102824110127

Lot Size6,031 sq ft (0.138 ac)

Lot Dimensions (est.)122 ft wide × 49 ft deep

Year Built1929

Property ClassAPARTMENT

Owner3848 CEDAR AVE LLC

Assessed Value$958,000

Land Value$84,500

Building Value$873,500

Annual Tax$18,123

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2018 · Most recent: Mar 2020 (comnofdbv)

ComnofdbvMar 2020Closed

Warners Stellian Co Inc

ComnofdbvApr 2018Closed

Warners Stellian Co Inc

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

Neighborhood Profile

Bancroft · Minneapolis

Median reported rent1,159/mo

Renter-occupied26.1%

Median home value$309K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1101

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width107 ft

Buildable depth9 ft

Area~2,824 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 2,824 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3844 CEDAR AVE S MINNEAPOLIS MN 55407	NDK INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$466,500	48 ft
3840 CEDAR AVE S MINNEAPOLIS MN 55407	JENNA CAGLE	RESIDENTIAL	$163,500	94 ft
3900 CEDAR AVE S MINNEAPOLIS MN 55407	PETER RATHJEN & BRENDA PAUL	RESIDENTIAL	$320,000	101 ft
3849 18TH AVE S MINNEAPOLIS MN 55407	R H SWANSON & J C SWANSON	RESIDENTIAL	$313,800	134 ft
3902 CEDAR AVE S MINNEAPOLIS MN 55407	BRENDA PAUL & PETE RATHJEN	RESIDENTIAL	$451,700	138 ft
3836 CEDAR AVE S MINNEAPOLIS MN 55407	MARGIE DAINO	RESIDENTIAL	$253,200	140 ft
3845 18TH AVE S MINNEAPOLIS MN 55407	CAROLE A OINONEN	RESIDENTIAL	$279,100	143 ft
3841 18TH AVE S MINNEAPOLIS MN 55407	STEVEN HIEN TRAN TRUST	RESIDENTIAL	$385,900	164 ft
3901 18TH AVE S MINNEAPOLIS MN 55407	CLAIRE LOUISE JOHNSTON	RESIDENTIAL	$280,700	170 ft
3908 CEDAR AVE S MINNEAPOLIS MN 55407	FELICIANO QUIZHPI GRANDA	RESIDENTIAL	$229,700	178 ft

Property History

Most Recent Sale

Date202501

Price$940,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$18,123