2545 4TH ST N E MINNEAPOLIS MN 55418

PID: 1102924240037

Property Overview

Parcel ID1102924240037

Lot Size5,182 sq ft (0.119 ac)

Lot Dimensions (est.)123 ft wide × 42 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerCHRIS SCHLICHTING

Assessed Value$207,000

Land Value$103,000

Building Value$104,000

Annual Tax$2,813

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2024 · $8K total declared value · Most recent: Sep 2025 (existres)

ExistresSep 2025Closed

BOEHM HEATING

MiscJun 2024Closed

$8K

Summit Construction Group

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,204/mo

Renter-occupied56.0%

Median home value$293K

Vacancy rate8.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1018

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

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 width32 ft

Buildable depth83 ft

Area~2,667 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 2,667 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2541 4TH ST N E MINNEAPOLIS MN 55418	THOMAS G JOHANNES	RESIDENTIAL	$250,400	39 ft
2549 4TH ST N E MINNEAPOLIS MN 55418	ISKANDER ARARSO	RESIDENTIAL-TWO UNIT	$497,700	51 ft
2539 4TH ST N E MINNEAPOLIS MN 55418	M A TACURI & J I GUAYLLAS	RESIDENTIAL-TWO UNIT	$307,400	81 ft
2535 4TH ST N E MINNEAPOLIS MN 55418	DJ FINANCIAL LLC	LOW INCOME RENTAL	$280,400	127 ft
2544 5TH ST N E MINNEAPOLIS MN 55418	ALEXA P MOORE	RESIDENTIAL	$275,300	128 ft
2548 5TH ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	128 ft
2540 5TH ST N E MINNEAPOLIS MN 55418	RODRIGO NORONHA MADRIGAL	RESIDENTIAL	$288,400	147 ft
2552 5TH ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	155 ft
2531 4TH ST N E MINNEAPOLIS MN 55418	LEONARD THOMAS SEARCY JR	RESIDENTIAL-TWO UNIT	$314,500	165 ft
2536 5TH ST N E MINNEAPOLIS MN 55418	JANELLE L GORNY	RESIDENTIAL	$270,600	177 ft

Property History

Most Recent Sale

Date200404

Price$168,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,813