4143 NOKOMIS AVE S MINNEAPOLIS MN 55406

PID: 1202824140077

Property Overview

Parcel ID1202824140077

Lot Size5,052 sq ft (0.116 ac)

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

Year Built2007

Property ClassRESIDENTIAL

OwnerJ W ALSWAGER & K M ALSWAGER

Assessed Value$511,500

Land Value$122,000

Building Value$389,500

Annual Tax$7,919

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth86 ft

Area~2,588 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 2,588 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
4147 NOKOMIS AVE S MINNEAPOLIS MN 55406	C L WENTHOLD & R M WENTHOLD	RESIDENTIAL	$448,100	40 ft
4139 NOKOMIS AVE S MINNEAPOLIS MN 55406	M KJOME & K NICHOLSON	RESIDENTIAL	$650,500	40 ft
4151 NOKOMIS AVE S MINNEAPOLIS MN 55406	NATHAN HILDMAN	RESIDENTIAL	$229,700	80 ft
4135 NOKOMIS AVE S MINNEAPOLIS MN 55406	WAYNE F PHILLIPS	RESIDENTIAL	$280,600	80 ft
4155 NOKOMIS AVE S MINNEAPOLIS MN 55406	J C DURKEE/K ERICKSON-DURKEE	RESIDENTIAL	$284,400	120 ft
4131 NOKOMIS AVE S MINNEAPOLIS MN 55406	N CICHOWICZ/L S D CICHOWICZ	RESIDENTIAL	$591,000	120 ft
4142 31ST AVE S MINNEAPOLIS MN 55406	DANNI LI & JOHN TRANTER	VACANT LAND-RESIDENTIAL	$123,000	140 ft
4138 31ST AVE S MINNEAPOLIS MN 55406	LINH HO	RESIDENTIAL	$266,700	145 ft
4146 31ST AVE S MINNEAPOLIS MN 55406	A P PARDEE & MONICA L PATRIN	RESIDENTIAL	$602,000	146 ft
4127 NOKOMIS AVE S MINNEAPOLIS MN 55406	LISA MAE NOEL	RESIDENTIAL	$279,600	160 ft

Property History

Most Recent Sale

Date202604

Price$645,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,919