2216 4TH ST N E MINNEAPOLIS MN 55418

PID: 1102924310139

Property Overview

Parcel ID1102924310139

Lot Size6,810 sq ft (0.156 ac)

Lot Dimensions (est.)124 ft wide × 55 ft deep

Year Built1906

Property ClassRESIDENTIAL-TWO UNIT

OwnerSHERYL A LANHART

Assessed Value$358,800

Land Value$134,000

Building Value$224,800

Annual Tax$5,667

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

1 permit on record since 2017 · Most recent: Jun 2017 (existres)

ExistresJun 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,578/mo

Renter-occupied61.3%

Median home value$320K

Vacancy rate9.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 17

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 width45 ft

Buildable depth84 ft

Area~3,771 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 3,771 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2212 4TH ST N E MINNEAPOLIS MN 55418	MARCELLA MARIE NOVAK	RESIDENTIAL	$348,600	55 ft
2222 4TH ST N E MINNEAPOLIS MN 55418	M L BASTIAN	RESIDENTIAL-TWO UNIT	$320,100	55 ft
344 23RD AVE N E MINNEAPOLIS MN 55418	MATTHEW MEYERS	RESIDENTIAL	$389,700	105 ft
2208 4TH ST N E MINNEAPOLIS MN 55418	KERI LYN PICKETT	RESIDENTIAL-TWO UNIT	$382,100	110 ft
2226 4TH ST N E MINNEAPOLIS MN 55418	JOSEPH C TRUAX	RESIDENTIAL-TWO UNIT	$313,300	110 ft
347 22ND AVE N E MINNEAPOLIS MN 55418	FAYE A TETZLAFF	RESIDENTIAL	$370,300	142 ft
340 23RD AVE N E MINNEAPOLIS MN 55418	JACK NERMYR/MACKENZIE NERMYR	RESIDENTIAL	$288,500	157 ft
2200 4TH ST N E MINNEAPOLIS MN 55418	2200 NE 4TH ST LLC	COMMERCIAL-PREFERRED	$461,000	165 ft
339 22ND AVE N E MINNEAPOLIS MN 55418	FERAS RAFEQ HAMMOURI	RESIDENTIAL	$303,000	176 ft
2219 4TH ST N E MINNEAPOLIS MN 55418	NHH PROPERTIES I LLC	RESIDENTIAL-TWO UNIT	$342,200	189 ft

Property History

Current Tax Year

Year2026

Tax Due$5,667