4500 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824440018

Property Overview

Parcel ID1102824440018

Lot Size9,069 sq ft (0.208 ac)

Lot Dimensions (est.)123 ft wide × 74 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerJOSEPH K KIELTYKA ET AL

Assessed Value$398,900

Land Value$179,000

Building Value$219,900

Annual Tax$6,003

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $36K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$19K

Countrywide Contracting

RemodelOct 2023Closed

$6K

AMERICAN WATERWORKS

ResJun 2022Closed

Nybo Peterson Plumbing Co Inc

ResOct 2020Closed

HomeWorks Services LLC

ExistresSep 2020Closed

HomeWorks Services LLC

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 depth34 ft

Area~5,045 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 5,045 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4506 16TH AVE S MINNEAPOLIS MN 55407	RON S MC LAUGHLIN & WIFE	RESIDENTIAL	$410,300	57 ft
4510 16TH AVE S MINNEAPOLIS MN 55407	SUNNY SHERMAN/SILVANA GROSS	RESIDENTIAL	$474,000	97 ft
4514 16TH AVE S MINNEAPOLIS MN 55407	SETH T CHRISTMAN	RESIDENTIAL	$341,700	136 ft
4446 16TH AVE S MINNEAPOLIS MN 55407	EFREN VAZQUEZ/MARIA VAZQUEZ	RESIDENTIAL-TWO UNIT	$454,900	149 ft
4501 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ASBURY METH CHURCH	COMMERCIAL-PREFERRED	$0	157 ft
4516 16TH AVE S MINNEAPOLIS MN 55407	ROBERT SIMS & REBECCA SIMS	RESIDENTIAL	$374,900	177 ft
4505 16TH AVE S MINNEAPOLIS MN 55407	S C LARSEN & M I LARSEN	RESIDENTIAL	$556,000	184 ft
4501 16TH AVE S MINNEAPOLIS MN 55407	WENDI J WINKLER	RESIDENTIAL	$332,700	184 ft
4449 BLOOMINGTON AVE MINNEAPOLIS MN 55407	IAN THOMAS FROMM	TRIPLEX	$481,100	186 ft
4509 16TH AVE S MINNEAPOLIS MN 55407	MATTHEW PAUL VANOVERBEKE	RESIDENTIAL	$337,500	192 ft

Property History

Most Recent Sale

Date202207

Price$339,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,003