4536 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824440029

Property Overview

Parcel ID1102824440029

Lot Size4,948 sq ft (0.114 ac)

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

Year Built1939

Property ClassRESIDENTIAL

OwnerJ C ARMSTRONG & D P STODDARD

Assessed Value$309,900

Land Value$139,000

Building Value$170,900

Annual Tax$4,518

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $118K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Expired

David Stoddard

ExistresMar 2023Closed

Perfection Heating and Air Conditioning Inc

AdditionMar 2023Expired

$113K

WHITE CRANE CONSTRUCTION

ResFeb 2023Expired

Master Plumbing Services LLC

ResFeb 2018Closed

Cities 1 Plumbing and Heating 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~2,511 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 2,511 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4532 16TH AVE S MINNEAPOLIS MN 55407	HOLLY MASEK	RESIDENTIAL	$373,000	40 ft
4538 16TH AVE S MINNEAPOLIS MN 55407	KAREN L VASQUEZ TRUSTEE	RESIDENTIAL	$325,900	40 ft
4526 16TH AVE S MINNEAPOLIS MN 55407	D A JOHNSON & M M FRANCEL	RESIDENTIAL	$453,600	80 ft
4542 16TH AVE S MINNEAPOLIS MN 55407	MATTHEW SLUDER/CLAIRE ACKISS	RESIDENTIAL	$313,300	80 ft
4522 16TH AVE S MINNEAPOLIS MN 55407	CAROLYN JONES	RESIDENTIAL	$386,500	120 ft
4546 16TH AVE S MINNEAPOLIS MN 55407	M E-L OBERG & B R FREUND	RESIDENTIAL	$270,800	120 ft
4535 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ADAM MELLION/SHANNON DOHERTY	RESIDENTIAL	$473,000	136 ft
4539 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ELIZABETH PROSNICK	RESIDENTIAL-TWO UNIT	$401,700	142 ft
4527 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JEFFREY V SPOHN	RESIDENTIAL-TWO UNIT	$458,400	153 ft
4543 BLOOMINGTON AVE MINNEAPOLIS MN 55407	IGNACIA C & FRANCISCO C RIOS	RESIDENTIAL-TWO UNIT	$393,500	158 ft

Property History

Most Recent Sale

Date200601

Price$213,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,518