4228 CEDAR AVE S MINNEAPOLIS MN 55407

PID: 1102824410087

Property Overview

Parcel ID1102824410087

Lot Size5,048 sq ft (0.116 ac)

Lot Dimensions (est.)122 ft wide × 41 ft deep

Year Built1927

Property ClassLOW INCOME RENTAL

OwnerTIM ANDERSON

Assessed Value$466,000

Land Value$70,800

Building Value$395,200

Annual Tax$1,797

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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$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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth83 ft

Area~2,572 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 2,572 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
4232 CEDAR AVE S MINNEAPOLIS MN 55407	LEO HOMES LLC	TRIPLEX	$445,600	42 ft
4224 CEDAR AVE S MINNEAPOLIS MN 55407	WOOLDRIDGE 2014 FAM TRUST	APARTMENT	$462,000	42 ft
4236 CEDAR AVE S MINNEAPOLIS MN 55407	RODNICK DARDEN & T DARDEN	RESIDENTIAL	$378,000	83 ft
4220 CEDAR AVE S MINNEAPOLIS MN 55407	NATALIE MAZOROL	RESIDENTIAL	$180,800	83 ft
4216 CEDAR AVE S MINNEAPOLIS MN 55407	RON REMTER	RESIDENTIAL	$346,700	124 ft
4240 CEDAR AVE S MINNEAPOLIS MN 55407	ROBERT L FEARN	RESIDENTIAL	$394,400	125 ft
4229 18TH AVE S MINNEAPOLIS MN 55407	MARILYN L MCGOVERN	RESIDENTIAL	$348,700	136 ft
4233 18TH AVE S MINNEAPOLIS MN 55407	MARNEY R OLSON	RESIDENTIAL	$402,500	142 ft
4225 18TH AVE S MINNEAPOLIS MN 55407	M C OSEBOLD & D M BECKER	RESIDENTIAL	$393,100	142 ft
4237 18TH AVE S MINNEAPOLIS MN 55407	THOMAS J SCHREINER	RESIDENTIAL	$457,800	159 ft

Property History

Most Recent Sale

Date201009

Price$146,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,797