4008 CEDAR AVE S MINNEAPOLIS MN 55407

PID: 1102824140073

Property Overview

Parcel ID1102824140073

Lot Size4,864 sq ft (0.112 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerJEREMIAH K/KRISTINE M SMITH

Assessed Value$255,100

Land Value$79,000

Building Value$176,100

Annual Tax$3,604

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth82 ft

Area~2,447 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 2,447 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
4004 CEDAR AVE S MINNEAPOLIS MN 55407	E MEYERS & G F MEYERS	RESIDENTIAL	$435,100	41 ft
4012 CEDAR AVE S MINNEAPOLIS MN 55407	GEORGETTA HAWKINS	RESIDENTIAL	$327,400	45 ft
4000 CEDAR AVE S MINNEAPOLIS MN 55407	DANNY THOMPSON	RESIDENTIAL-TWO UNIT	$342,300	80 ft
4016 CEDAR AVE S MINNEAPOLIS MN 55407	K L SCHMITZ & N J SCHMITZ	RESIDENTIAL	$266,700	103 ft
4005 18TH AVE S MINNEAPOLIS MN 55407	CHERI L HECOX	RESIDENTIAL	$304,800	138 ft
4011 18TH AVE S MINNEAPOLIS MN 55407	TIMOTHY PAUL NELSON	RESIDENTIAL	$374,400	140 ft
4001 18TH AVE S MINNEAPOLIS MN 55407	TARA LINDAHL	RESIDENTIAL	$277,700	158 ft
4022 CEDAR AVE S MINNEAPOLIS MN 55407	CHARLES A BOHNERT	RESIDENTIAL	$360,200	169 ft
4017 18TH AVE S MINNEAPOLIS MN 55407	JILL A JACOBY	RESIDENTIAL-TWO UNIT	$463,100	170 ft
3948 CEDAR AVE S MINNEAPOLIS MN 55407	M A MILLER & A A SCHULTE	RESIDENTIAL-TWO UNIT	$354,300	184 ft

Property History

Most Recent Sale

Date200308

Price$151,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,604