4533 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824440050

Property Overview

Parcel ID1102824440050

Lot Size4,947 sq ft (0.114 ac)

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

Year Built1929

Property ClassRESIDENTIAL

OwnerNANCY LEE PEARSON

Assessed Value$349,300

Land Value$139,000

Building Value$210,300

Annual Tax$5,176

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $155K total declared value · Most recent: Nov 2024 (existres)

ExistresNov 2024Closed

Sayler Heating & Air Conditioning Inc

ResDec 2019Closed

Johnson Plumbing and Heating Co

ExistresDec 2019Closed

Sayler Heating & Air Conditioning Inc

AccessorySep 2019Closed

$153K

JOHN BERG CONSTRUCTION INC

AdditionMay 2019Closed

$2K

Hage Construction Co

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~2,510 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 2,510 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
4529 16TH AVE S MINNEAPOLIS MN 55407	V VAUGHAN & J VAUGHAN	RESIDENTIAL	$276,900	40 ft
4537 16TH AVE S MINNEAPOLIS MN 55407	C CHURCHWARD & K AMUNDSON	RESIDENTIAL	$363,900	40 ft
4525 16TH AVE S MINNEAPOLIS MN 55407	CHRISTOPHER & SARAH L LUTZ	RESIDENTIAL	$455,200	80 ft
4541 16TH AVE S MINNEAPOLIS MN 55407	WAYNE K HOPPKE REV TR ET AL	RESIDENTIAL	$379,800	80 ft
4521 16TH AVE S MINNEAPOLIS MN 55407	K R HILLE & J K HILLE TRUST	RESIDENTIAL	$410,400	120 ft
4545 16TH AVE S MINNEAPOLIS MN 55407	B J JOHNSON & K R JOHNSON	RESIDENTIAL	$430,500	120 ft
4530 17TH AVE S MINNEAPOLIS MN 55407	B JARDINE & S ISLAM	RESIDENTIAL	$476,000	135 ft
4528 17TH AVE S MINNEAPOLIS MN 55407	C SIGGELKOW & S SIGGELKOW	RESIDENTIAL	$412,000	141 ft
4534 17TH AVE S MINNEAPOLIS MN 55407	SARA JEAN BARRETT	RESIDENTIAL	$401,500	141 ft
4524 17TH AVE S MINNEAPOLIS MN 55407	S W & L H JOHNSON	RESIDENTIAL	$357,500	157 ft

Property History

Current Tax Year

Year2026

Tax Due$5,176