4600 RUSSELL AVE N MINNEAPOLIS MN 55412

PID: 1111821340055

Property Overview

Parcel ID1111821340055

Lot Size5,086 sq ft (0.117 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1946

Property ClassRESIDENTIAL

OwnerRANDY VELIZ

Assessed Value$229,200

Land Value$47,000

Building Value$182,200

Annual Tax$3,156

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2001 · $70K total declared value · Most recent: Jul 2001 (building re-inspection)

Building Re-inspectionJul 2001

$70K

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

Neighborhood Profile

Victory · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth0 ft

Area~2,353 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 sfr / adu benchmarks for 2,353 sqft buildable area.

Est. units

Yield on cost

1.7%

Spread

-3.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4606 RUSSELL AVE N MINNEAPOLIS MN 55412	L D HUTH & J H BERGSTROM	RESIDENTIAL	$235,700	40 ft
4610 RUSSELL AVE N MINNEAPOLIS MN 55412	M S CONNERY & L A CONNERY	RESIDENTIAL	$213,500	81 ft
4558 RUSSELL AVE N MINNEAPOLIS MN 55412	SARAH KEHOE	RESIDENTIAL	$152,000	100 ft
4614 RUSSELL AVE N MINNEAPOLIS MN 55412	MIKE SOUVANXAYLOP	RESIDENTIAL	$234,300	121 ft
4601 QUEEN AVE N MINNEAPOLIS MN 55412	MOHINANI RNTL PROPS MPLS LLC	RESIDENTIAL	$117,300	140 ft
4552 RUSSELL AVE N MINNEAPOLIS MN 55412	TERRIE L JONES	RESIDENTIAL	$238,600	141 ft
4607 QUEEN AVE N MINNEAPOLIS MN 55412	PINEWOOD LLC	RESIDENTIAL	$127,000	146 ft
4618 RUSSELL AVE N MINNEAPOLIS MN 55412	ERIC R & STEFANIE M HENJUM	RESIDENTIAL	$226,200	162 ft
4611 QUEEN AVE N MINNEAPOLIS MN 55412	R L HACKNEY & J A WILSON	RESIDENTIAL	$235,800	163 ft
4557 QUEEN AVE N MINNEAPOLIS MN 55412	ALEXANDER GRIVNA	RESIDENTIAL	$228,400	171 ft

Property History

Most Recent Sale

Date200903

Price$71,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,156