4348 CEDAR AVE S MINNEAPOLIS MN 55407

PID: 1102824410121

Property Overview

Parcel ID1102824410121

Lot Size11,912 sq ft (0.273 ac)

Lot Dimensions (est.)123 ft wide × 97 ft deep

Year Built1958

Property ClassAPARTMENT

Owner4348 CEDAR AVE SOUTH LLC

Assessed Value$1,016,000

Land Value$166,800

Building Value$849,200

Annual Tax$19,220

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

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

Front Street

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

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width108 ft

Buildable depth57 ft

Area~6,786 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 6,786 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
4340 CEDAR AVE S MINNEAPOLIS MN 55407	LM & CB HOLDINGS LLC	APARTMENT	$897,000	106 ft
4349 18TH AVE S MINNEAPOLIS MN 55407	E S ANDERSON & T E ANDERSON	RESIDENTIAL	$361,800	137 ft
4353 18TH AVE S MINNEAPOLIS MN 55407	A P IHRIG & S C IHRIG	RESIDENTIAL	$335,800	139 ft
4400 CEDAR AVE S MINNEAPOLIS MN 55407	WILLIAM C CARY JR	RESIDENTIAL-TWO UNIT	$402,100	141 ft
4345 18TH AVE S MINNEAPOLIS MN 55407	K L GRAY & Y R GRIFFEA-GRAY	RESIDENTIAL	$424,700	148 ft
4341 18TH AVE S MINNEAPOLIS MN 55407	MARK D KRAUSE	RESIDENTIAL	$420,700	169 ft
4332 CEDAR AVE S MINNEAPOLIS MN 55407	GLADSTON TAYLOR	TRIPLEX	$565,400	185 ft
4401 18TH AVE S MINNEAPOLIS MN 55407	BEANE FAMILY TRUST	RESIDENTIAL	$460,200	189 ft
4406 CEDAR AVE S MINNEAPOLIS MN 55407	JENNIFER HOCHSCHEIDT	RESIDENTIAL	$432,600	193 ft
4337 18TH AVE S MINNEAPOLIS MN 55407	REBECCA A ZUBICK LIV TRUST	RESIDENTIAL	$324,200	198 ft

Property History

Most Recent Sale

Date199907

Price$339,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$19,220