4146 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824140020

Property Overview

Parcel ID1102824140020

Lot Size4,870 sq ft (0.112 ac)

Lot Dimensions (est.)121 ft wide × 40 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerSANTIAGO RUIZ

Assessed Value$232,000

Land Value$86,000

Building Value$146,000

Annual Tax$3,218

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $35K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Final Inspection

$19K

Santiago Ruiz

MiscAug 2025Cancelled

$16K

GAVIOTA CONSTRUCTION INC

ResSep 2021Closed

Urban Pine Plumbing and Mechanical 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 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.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width108 ft

Buildable depth0 ft

Area~2,207 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,207 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4142 16TH AVE S MINNEAPOLIS MN 55407	K RAGHUBIR & D RAGHUBIR	RESIDENTIAL	$322,000	44 ft
4138 16TH AVE S MINNEAPOLIS MN 55407	K P RAGHUBIR & F RAGHUBIR	RESIDENTIAL	$304,800	92 ft
4200 16TH AVE S MINNEAPOLIS MN 55407	JEFFREY R MADDOX	RESIDENTIAL	$309,800	120 ft
4151 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ECCS BUILDING COMPANY	LAND-COMMERCIAL	$0	136 ft
4134 16TH AVE S MINNEAPOLIS MN 55407	V RAGHUBIR & S RAGHUBIR	RESIDENTIAL	$297,200	140 ft
4147 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ECCS BUILDING COMPANY	LAND-COMMERCIAL	$0	149 ft
4204 16TH AVE S MINNEAPOLIS MN 55407	ABDIFATAH ISSE NUUH	RESIDENTIAL	$354,600	165 ft
4128 16TH AVE S MINNEAPOLIS MN 55407	FELIX BLAS	RESIDENTIAL-TWO UNIT	$403,900	202 ft
4208 16TH AVE S MINNEAPOLIS MN 55407	MERON BOKRAI	RESIDENTIAL	$393,600	212 ft
1605 42ND ST E MINNEAPOLIS MN 55407	L SINGHROY & J K SAHAI	RESIDENTIAL	$391,300	226 ft

Property History

Most Recent Sale

Date200901

Price$123,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,218