4055 NOKOMIS AVE S MINNEAPOLIS MN 55406

PID: 1202824140044

Property Overview

Parcel ID1202824140044

Lot Size5,041 sq ft (0.116 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerKATE REBECCA NELSON

Assessed Value$375,700

Land Value$122,000

Building Value$253,700

Annual Tax$5,616

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $20K total declared value · Most recent: Sep 2022 (existres)

ExistresSep 2022Closed

CENTERPOINT ENERGY

ResMay 2022Closed

CenterPoint Energy Resource Corp

MiscOct 2021Closed

$20K

Three Rivers Contracting LLC

ResSep 2019Closed

Linn Star Transfer Inc

ResSep 2018Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Standish · Minneapolis

Median reported rent1,387/mo

Renter-occupied12.2%

Median home value$296K

Vacancy rate5.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1102

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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~2,323 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 2,323 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4051 NOKOMIS AVE S MINNEAPOLIS MN 55406	J HARRISON & M KLASSEN	RESIDENTIAL	$706,200	40 ft
4047 NOKOMIS AVE S MINNEAPOLIS MN 55406	WENDY E NILSSON	RESIDENTIAL	$319,500	80 ft
4101 NOKOMIS AVE S MINNEAPOLIS MN 55406	R M REMINGTON/L J HAEFEMEYER	RESIDENTIAL	$299,000	95 ft
4043 NOKOMIS AVE S MINNEAPOLIS MN 55406	BRILLIANT PROPERTIES LLC	RESIDENTIAL	$284,600	120 ft
4103 NOKOMIS AVE S MINNEAPOLIS MN 55406	K M LAJINESS & D R ELLIS	RESIDENTIAL	$362,800	130 ft
4056 31ST AVE S MINNEAPOLIS MN 55406	SARAH OMRENIK & SARAH ROSE	RESIDENTIAL	$351,900	140 ft
4052 31ST AVE S MINNEAPOLIS MN 55406	ADULA KENEA NIKUS	RESIDENTIAL	$235,200	146 ft
4048 31ST AVE S MINNEAPOLIS MN 55406	CITY OF MINNEAPOLIS	RESIDENTIAL	$0	161 ft
4039 NOKOMIS AVE S MINNEAPOLIS MN 55406	ALEXANDER P BUDZIELEK	RESIDENTIAL	$270,400	161 ft
4100 31ST AVE S MINNEAPOLIS MN 55406	I FLENNIKEN & E A BARON	RESIDENTIAL	$228,600	170 ft

Property History

Most Recent Sale

Date201301

Price$210,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$5,616