4218 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 1102824420002

Property Overview

Parcel ID1102824420002

Lot Size17,302 sq ft (0.397 ac)

Lot Dimensions (est.)123 ft wide × 140 ft deep

Year Built1964

Property ClassAPARTMENT

OwnerJEFFREY KING

Assessed Value$1,062,000

Land Value$242,200

Building Value$819,800

Annual Tax$20,090

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$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

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 width130 ft

Buildable depth84 ft

Area~10,859 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 10,859 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4224 BLOOMINGTON AVE MINNEAPOLIS MN 55407	CHAD C MELLIES	RESIDENTIAL-TWO UNIT	$347,900	90 ft
4228 BLOOMINGTON AVE MINNEAPOLIS MN 55407	EVAN J FINLEY	RESIDENTIAL-TWO UNIT	$444,500	132 ft
4219 15TH AVE S MINNEAPOLIS MN 55407	VERA SKRIPNIK STRAW	RESIDENTIAL	$305,200	136 ft
4200 BLOOMINGTON AVE MINNEAPOLIS MN 55407	THACH & LONG PROPERTIES	COMMERCIAL-PREFERRED	$356,000	138 ft
4223 15TH AVE S MINNEAPOLIS MN 55407	SHANNON JAEGER	RESIDENTIAL	$326,800	140 ft
4215 15TH AVE S MINNEAPOLIS MN 55407	KATHRYN J MOORE	RESIDENTIAL	$360,400	147 ft
4227 15TH AVE S MINNEAPOLIS MN 55407	KELLY ROWENA DEWEESE	RESIDENTIAL	$388,200	159 ft
4209 15TH AVE S MINNEAPOLIS MN 55407	CARRIE TAMMINGA	RESIDENTIAL	$354,700	170 ft
4232 BLOOMINGTON AVE MINNEAPOLIS MN 55407	DENISE M NOBLE	RESIDENTIAL	$298,500	176 ft
4231 15TH AVE S MINNEAPOLIS MN 55407	CONNOR FERRIS	RESIDENTIAL	$297,000	189 ft

Property History

Most Recent Sale

Date201212

Price$411,000

TypeCONTRACT FOR DEED

Current Tax Year

Year2026

Tax Due$20,090