4252 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824410026

Property Overview

Parcel ID1102824410026

Lot Size6,087 sq ft (0.140 ac)

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

Year Built1953

Property ClassRESIDENTIAL

OwnerJ G HALVERSON & J HALVERSON

Assessed Value$408,500

Land Value$150,000

Building Value$258,500

Annual Tax$6,163

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2022 · $10K total declared value · Most recent: Sep 2022 (remodel)

RemodelSep 2022Closed

$10K

BRS Field Ops, LLC

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width108 ft

Buildable depth10 ft

Area~3,024 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 3,024 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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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
4242 16TH AVE S MINNEAPOLIS MN 55407	NICOLE ELIZABETH NILES	RESIDENTIAL	$379,200	100 ft
4304 16TH AVE S MINNEAPOLIS MN 55407	KIMBERLY ESSO	RESIDENTIAL	$649,300	134 ft
1530 43RD ST E MINNEAPOLIS MN 55407	M L AHMAD & A A AZZAHIR	RESIDENTIAL	$440,000	135 ft
4243 BLOOMINGTON AVE MINNEAPOLIS MN 55407	FREDERICK G CARROLL	APARTMENT	$456,000	144 ft
4234 16TH AVE S MINNEAPOLIS MN 55407	HAKIM ABDERREZAK	RESIDENTIAL-TWO UNIT	$592,500	163 ft
4239 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JASPER CECIL PUCKETT	RESIDENTIAL	$350,700	168 ft
1600 43RD ST E MINNEAPOLIS MN 55407	A L GLICK & K R GLICK	RESIDENTIAL	$341,600	181 ft
4303 BLOOMINGTON AVE S MINNEAPOLIS MN 55407	P E WONSAVAGE & K N FREYA	RESIDENTIAL	$387,700	181 ft
4237 16TH AVE S MINNEAPOLIS MN 55407	E HAWES-VAN PELT/F VAN PELT	RESIDENTIAL-TWO UNIT	$514,800	190 ft

Property History

Most Recent Sale

Date198804

Price$78,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,163