4516 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824440022

Property Overview

Parcel ID1102824440022

Lot Size4,945 sq ft (0.114 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerROBERT SIMS & REBECCA SIMS

Assessed Value$374,900

Land Value$139,000

Building Value$235,900

Annual Tax$5,782

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2019 · $42K total declared value · Most recent: Apr 2026 (res)

ResApr 2026Inspection

SODERLIN PLUMBING HEATING AND AIR

ExistresFeb 2024Closed

DNA HEATING AND COOLING

RemodelFeb 2024Final Inspection

$15K

Hogan Custom Homes LLC

MiscNov 2023Closed

$27K

eRoof LLC

ResOct 2022Closed

Vito Mechanical 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth84 ft

Area~2,508 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 2,508 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4514 16TH AVE S MINNEAPOLIS MN 55407	SETH T CHRISTMAN	RESIDENTIAL	$341,700	40 ft
4522 16TH AVE S MINNEAPOLIS MN 55407	CAROLYN JONES	RESIDENTIAL	$386,500	40 ft
4510 16TH AVE S MINNEAPOLIS MN 55407	SUNNY SHERMAN/SILVANA GROSS	RESIDENTIAL	$474,000	80 ft
4526 16TH AVE S MINNEAPOLIS MN 55407	D A JOHNSON & M M FRANCEL	RESIDENTIAL	$453,600	80 ft
4506 16TH AVE S MINNEAPOLIS MN 55407	RON S MC LAUGHLIN & WIFE	RESIDENTIAL	$410,300	120 ft
4532 16TH AVE S MINNEAPOLIS MN 55407	HOLLY MASEK	RESIDENTIAL	$373,000	120 ft
4523 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JONATHAN MICHAEL BECKETT	RESIDENTIAL-TWO UNIT	$416,600	142 ft
4536 16TH AVE S MINNEAPOLIS MN 55407	J C ARMSTRONG & D P STODDARD	RESIDENTIAL	$309,900	160 ft
4527 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JEFFREY V SPOHN	RESIDENTIAL-TWO UNIT	$458,400	163 ft
4501 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ASBURY METH CHURCH	COMMERCIAL-PREFERRED	$0	167 ft

Property History

Most Recent Sale

Date201907

Price$302,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,782