4243 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 1102824410023

Property Overview

Parcel ID1102824410023

Lot Size6,087 sq ft (0.140 ac)

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

Year Built1959

Property ClassAPARTMENT

OwnerFREDERICK G CARROLL

Assessed Value$456,000

Land Value$84,700

Building Value$371,300

Annual Tax$8,626

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

No permits found in Minneapolis open data for this parcel.

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$335K-6.9% YoY

Median price / sqft$215/sqft

Median days to close18 days

Active listings78

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 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 3-story wood frame (5–12 units) benchmarks for 3,268 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
1530 43RD ST E MINNEAPOLIS MN 55407	M L AHMAD & A A AZZAHIR	RESIDENTIAL	$440,000	50 ft
4239 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JASPER CECIL PUCKETT	RESIDENTIAL	$350,700	50 ft
4235 BLOOMINGTON AVE MINNEAPOLIS MN 55407	J C SCHMITZ & D J SCHMITZ	RESIDENTIAL-TWO UNIT	$403,700	97 ft
4248 16TH AVE S MINNEAPOLIS MN 55407	COURTNEY ARTHUR	RESIDENTIAL	$327,600	135 ft
4231 BLOOMINGTON AVE MINNEAPOLIS MN 55407	PK MANAGEMENT LLC	RESIDENTIAL-TWO UNIT	$427,300	141 ft
4242 16TH AVE S MINNEAPOLIS MN 55407	NICOLE ELIZABETH NILES	RESIDENTIAL	$379,200	144 ft
4252 16TH AVE S MINNEAPOLIS MN 55407	J G HALVERSON & J HALVERSON	RESIDENTIAL	$408,500	144 ft
4303 BLOOMINGTON AVE S MINNEAPOLIS MN 55407	P E WONSAVAGE & K N FREYA	RESIDENTIAL	$387,700	169 ft
4234 16TH AVE S MINNEAPOLIS MN 55407	HAKIM ABDERREZAK	RESIDENTIAL-TWO UNIT	$592,500	176 ft
4248 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JACKSON SZABO/DARBY SZABO	RESIDENTIAL	$312,500	204 ft

Property History

Most Recent Sale

Date200001

Price$153,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,626