4225 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 1102824410008

Property Overview

Parcel ID1102824410008

Lot Size10,713 sq ft (0.246 ac)

Lot Dimensions (est.)122 ft wide × 88 ft deep

Year Built1958

Property ClassAPARTMENT

OwnerAKY GROUP LLC

Assessed Value$659,000

Land Value$150,100

Building Value$508,900

Annual Tax$12,467

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

1 permit on record since 2022 · $12K total declared value · Most recent: Dec 2022 (roofwind)

RoofwindDec 2022Closed

$12K

PEAK XTERIORS LLC

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

Neighborhood Profile

Minneapolis

Median reported rent1,090/mo

Renter-occupied19.0%

Median home value$334K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 110

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 width79 ft

Buildable depth80 ft

Area~6,371 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 3-story wood frame (5–12 units) benchmarks for 6,371 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4231 BLOOMINGTON AVE MINNEAPOLIS MN 55407	PK MANAGEMENT LLC	RESIDENTIAL-TWO UNIT	$427,300	66 ft
4221 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JAPANESE FELLOWSHIP CHURCH	LAND-COMMERCIAL	$0	68 ft
4235 BLOOMINGTON AVE MINNEAPOLIS MN 55407	J C SCHMITZ & D J SCHMITZ	RESIDENTIAL-TWO UNIT	$403,700	110 ft
4217 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JAPANESE FELLOWSHIP CHURCH	COMMERCIAL-PREFERRED	$0	114 ft
4224 16TH AVE S MINNEAPOLIS MN 55407	C K LONNING/S J LONNING RVT	RESIDENTIAL	$304,900	137 ft
4230 16TH AVE S MINNEAPOLIS MN 55407	FLOR M RIVERA RIVERA	RESIDENTIAL	$378,400	139 ft
4220 16TH AVE S MINNEAPOLIS MN 55407	JOANN L SCHULTZ	RESIDENTIAL	$332,700	152 ft
4239 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JASPER CECIL PUCKETT	RESIDENTIAL	$350,700	157 ft
4234 16TH AVE S MINNEAPOLIS MN 55407	HAKIM ABDERREZAK	RESIDENTIAL-TWO UNIT	$592,500	165 ft
4214 16TH AVE S MINNEAPOLIS MN 55407	AUX FUNDING LLC	RESIDENTIAL	$363,500	190 ft

Property History

Most Recent Sale

Date202411

Price$735,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$12,467