4008 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824140085

Property Overview

Parcel ID1102824140085

Lot Size5,273 sq ft (0.121 ac)

Lot Dimensions (est.)122 ft wide × 43 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerANDREA CLAUSEN

Assessed Value$233,600

Land Value$102,000

Building Value$131,600

Annual Tax$3,246

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $8K total declared value · Most recent: Mar 2023 (res)

ResMar 2023Closed

Warners Stellian Co Inc

MiscMay 2022Expired

$8K

DS BAHR CONSTRUCTION INC

ResApr 2021Closed

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

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 width33 ft

Buildable depth83 ft

Area~2,723 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 2,723 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4004 16TH AVE S MINNEAPOLIS MN 55407	KRIS ENQUIST	RESIDENTIAL	$279,500	43 ft
4012 16TH AVE S MINNEAPOLIS MN 55407	C FLAKE & M ZIRKLE	RESIDENTIAL	$317,400	43 ft
4000 16TH AVE S MINNEAPOLIS MN 55407	AMANDA DENNIS & BENNY PEURA	RESIDENTIAL	$308,000	86 ft
4016 16TH AVE S MINNEAPOLIS MN 55407	BENJAMIN AND BROOKE JOHNSON	RESIDENTIAL	$347,700	86 ft
4020 16TH AVE S MINNEAPOLIS MN 55407	HIDENORI TOZAWA	RESIDENTIAL	$283,600	130 ft
4009 BLOOMINGTON AVE MINNEAPOLIS MN 55407	EMK INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$322,600	136 ft
4013 BLOOMINGTON AVE MINNEAPOLIS MN 55407	QUY D VU & TRAM T NGUYEN	RESIDENTIAL-TWO UNIT	$315,900	142 ft
4005 BLOOMINGTON AVE MINNEAPOLIS MN 55407	R G ESTRADA & J G GARCIA	RESIDENTIAL-TWO UNIT	$314,300	142 ft
4017 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MARTIN OLALDE CERRITOS	RESIDENTIAL-TWO UNIT	$379,100	161 ft
1529 40TH ST E MINNEAPOLIS MN 55407	JULIO ORTIZ	RESIDENTIAL-TWO UNIT	$347,100	161 ft

Property History

Most Recent Sale

Date202008

Price$252,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,246