4017 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 1102824140091

Property Overview

Parcel ID1102824140091

Lot Size5,277 sq ft (0.121 ac)

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

Year Built1964

Property ClassRESIDENTIAL-TWO UNIT

OwnerMARTIN OLALDE CERRITOS

Assessed Value$379,100

Land Value$97,000

Building Value$282,100

Annual Tax$7,172

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $17K total declared value · Most recent: Jul 2024 (addition)

AdditionJul 2024Inspection

$1K

Martin O Cerritos

ResAug 2021Closed

Urban Pine Plumbing and Mechanical Inc

MiscJul 2021Closed

$8K

MARTIN CERRITOS

MiscFeb 2017Closed

$8K

Martin Olalde Cerritos

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth83 ft

Area~2,727 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 2,727 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
4013 BLOOMINGTON AVE MINNEAPOLIS MN 55407	QUY D VU & TRAM T NGUYEN	RESIDENTIAL-TWO UNIT	$315,900	43 ft
4021 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ALBERT WARE	RESIDENTIAL	$304,700	47 ft
4009 BLOOMINGTON AVE MINNEAPOLIS MN 55407	EMK INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$322,600	86 ft
4005 BLOOMINGTON AVE MINNEAPOLIS MN 55407	R G ESTRADA & J G GARCIA	RESIDENTIAL-TWO UNIT	$314,300	130 ft
4016 16TH AVE S MINNEAPOLIS MN 55407	BENJAMIN AND BROOKE JOHNSON	RESIDENTIAL	$347,700	136 ft
4012 16TH AVE S MINNEAPOLIS MN 55407	C FLAKE & M ZIRKLE	RESIDENTIAL	$317,400	142 ft
4020 16TH AVE S MINNEAPOLIS MN 55407	HIDENORI TOZAWA	RESIDENTIAL	$283,600	143 ft
4008 16TH AVE S MINNEAPOLIS MN 55407	ANDREA CLAUSEN	RESIDENTIAL	$233,600	161 ft
4024 16TH AVE S MINNEAPOLIS MN 55407	RANDY G DURBIN	RESIDENTIAL	$378,600	161 ft
1529 40TH ST E MINNEAPOLIS MN 55407	JULIO ORTIZ	RESIDENTIAL-TWO UNIT	$347,100	173 ft

Property History

Most Recent Sale

Date201210

Price$0

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,172