4242 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824410018

Property Overview

Parcel ID1102824410018

Lot Size6,087 sq ft (0.140 ac)

Lot Dimensions (est.)121 ft wide × 50 ft deep

Year Built1955

Property ClassRESIDENTIAL

OwnerNICOLE ELIZABETH NILES

Assessed Value$379,200

Land Value$150,000

Building Value$229,200

Annual Tax$5,848

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $24K total declared value · Most recent: May 2022 (res)

ResMay 2022Closed

TrueWater Plumbing

RemodelMay 2022Closed

$24K

Kurt Youngdahl

ExistresMar 2022Closed

4Front Energy Solutions Inc

ExistresOct 2019Closed

Standard Heating and Air Conditioning Inc

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

Neighborhood Profile

Northrop · 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

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 width40 ft

Buildable depth82 ft

Area~3,268 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 3,268 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4248 16TH AVE S MINNEAPOLIS MN 55407	COURTNEY ARTHUR	RESIDENTIAL	$327,600	50 ft
4234 16TH AVE S MINNEAPOLIS MN 55407	HAKIM ABDERREZAK	RESIDENTIAL-TWO UNIT	$592,500	63 ft
4252 16TH AVE S MINNEAPOLIS MN 55407	J G HALVERSON & J HALVERSON	RESIDENTIAL	$408,500	100 ft
4230 16TH AVE S MINNEAPOLIS MN 55407	FLOR M RIVERA RIVERA	RESIDENTIAL	$378,400	125 ft
4239 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JASPER CECIL PUCKETT	RESIDENTIAL	$350,700	135 ft
4235 BLOOMINGTON AVE MINNEAPOLIS MN 55407	J C SCHMITZ & D J SCHMITZ	RESIDENTIAL-TWO UNIT	$403,700	143 ft
4243 BLOOMINGTON AVE MINNEAPOLIS MN 55407	FREDERICK G CARROLL	APARTMENT	$456,000	144 ft
4231 BLOOMINGTON AVE MINNEAPOLIS MN 55407	PK MANAGEMENT LLC	RESIDENTIAL-TWO UNIT	$427,300	163 ft
1530 43RD ST E MINNEAPOLIS MN 55407	M L AHMAD & A A AZZAHIR	RESIDENTIAL	$440,000	168 ft
4224 16TH AVE S MINNEAPOLIS MN 55407	C K LONNING/S J LONNING RVT	RESIDENTIAL	$304,900	175 ft

Property History

Most Recent Sale

Date202404

Price$401,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,848