4550 15TH AVE S MINNEAPOLIS MN 55407

PID: 1102824430048

Property Overview

Parcel ID1102824430048

Lot Size5,420 sq ft (0.124 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1957

Property ClassRESIDENTIAL-TWO UNIT

OwnerCHARLES D KILAND

Assessed Value$393,500

Land Value$116,000

Building Value$277,500

Annual Tax$5,913

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $20K total declared value · Most recent: Sep 2024 (remodel)

RemodelSep 2024Closed

$1K

Skyline Solar LLC

RemodelMay 2024Closed

$7K

Skyline Solar LLC

ResNov 2019Closed

Noah Acquistions LLC

MiscAug 2019Closed

$12K

Army Construction

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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 width114 ft

Buildable depth2 ft

Area~2,404 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 2,404 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4546 15TH AVE S MINNEAPOLIS MN 55407	M CATTON & C CATTON	RESIDENTIAL	$320,800	42 ft
4542 15TH AVE S MINNEAPOLIS MN 55407	LEON KOLJORD	RESIDENTIAL	$281,800	84 ft
1421 46TH ST E MINNEAPOLIS MN 55407	M J OTTO & N T LASAR	RESIDENTIAL	$271,500	108 ft
4538 15TH AVE S MINNEAPOLIS MN 55407	ANDREW D KRAUS ET AL	RESIDENTIAL	$371,000	126 ft
4551 14TH AVE S MINNEAPOLIS MN 55407	R WASLESKE & K SCHLICK	RESIDENTIAL	$249,700	141 ft
4547 14TH AVE S MINNEAPOLIS MN 55407	THERESA A HEATH	RESIDENTIAL	$284,900	147 ft
4604 15TH AVE S MINNEAPOLIS MN 55407	RYAN SPLAWSKI	RESIDENTIAL	$342,500	149 ft
4543 14TH AVE S MINNEAPOLIS MN 55407	NANCY L THIERET	RESIDENTIAL	$248,600	164 ft
4534 15TH AVE S MINNEAPOLIS MN 55407	M CAMERON & G CAMERON	RESIDENTIAL	$320,200	168 ft
1409 46TH ST E MINNEAPOLIS MN 55407	D E WEINSTEIN & W R ROWLAND	RESIDENTIAL	$399,700	180 ft

Property History

Most Recent Sale

Date200404

Price$287,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,913