4251 15TH AVE S MINNEAPOLIS MN 55407

PID: 1102824420010

Property Overview

Parcel ID1102824420010

Lot Size8,159 sq ft (0.187 ac)

Lot Dimensions (est.)123 ft wide × 66 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerRACHEL CASEY

Assessed Value$428,800

Land Value$168,000

Building Value$260,800

Annual Tax$6,501

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2018 · $2K total declared value · Most recent: Mar 2019 (misc)

MiscMar 2019Closed

$1K

CREW2 INC

MiscJul 2018Closed

$943

CREW2 INC

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 width110 ft

Buildable depth26 ft

Area~4,430 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 4,430 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4245 15TH AVE S MINNEAPOLIS MN 55407	JOSEPH S LEVINE	RESIDENTIAL	$325,100	66 ft
4301 15TH AVE S MINNEAPOLIS MN 55407	MONIQUE A GILL	RESIDENTIAL	$313,900	111 ft
4250 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MARK D & DIANE M GORDON	RESIDENTIAL	$300,900	136 ft
4248 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JACKSON SZABO/DARBY SZABO	RESIDENTIAL	$312,500	138 ft
4305 15TH AVE S MINNEAPOLIS MN 55407	ANDREW SCOTT MACPHAIL	RESIDENTIAL	$295,800	146 ft
4239 15TH AVE S MINNEAPOLIS MN 55407	JULIE KLYUCH	RESIDENTIAL-TWO UNIT	$547,500	149 ft
4240 BLOOMINGTON AVE MINNEAPOLIS MN 55407	LEGACY 5 INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$420,800	157 ft
4300 BLOOMINGTON AVE MINNEAPOLIS MN 55407	LISA M GONZALEZ	RESIDENTIAL	$247,200	175 ft
4307 15TH AVE S MINNEAPOLIS MN 55407	WILLIAM H DEVINE	RESIDENTIAL	$222,500	178 ft
4254 15TH AVE S MINNEAPOLIS MN 55407	EVANGELICAL LUTH SYNOD	COMMERCIAL-PREFERRED	$0	186 ft

Property History

Most Recent Sale

Date200806

Price$135,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,501