4017 CEDAR AVE S MINNEAPOLIS MN 55407

PID: 1202824230110

Property Overview

Parcel ID1202824230110

Lot Size4,883 sq ft (0.112 ac)

Lot Dimensions (est.)122 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerJ PAYNE III & A PAYNE

Assessed Value$293,200

Land Value$95,000

Building Value$198,200

Annual Tax$4,239

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Standish · Minneapolis

Median reported rent1,159/mo

Renter-occupied26.1%

Median home value$309K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1101

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth82 ft

Area~2,461 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 2,461 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4021 CEDAR AVE S MINNEAPOLIS MN 55407	F MORALES & D CABANERIO	RESIDENTIAL-TWO UNIT	$343,300	40 ft
4015 CEDAR AVE S MINNEAPOLIS MN 55407	ROBB J DOSER	RESIDENTIAL-TWO UNIT	$332,200	40 ft
4025 CEDAR AVE S MINNEAPOLIS MN 55407	CLAIRE AVITABILE	RESIDENTIAL	$292,200	80 ft
4009 CEDAR AVE S MINNEAPOLIS MN 55407	CHRISTOPHER JOHN OLWELL	RESIDENTIAL	$296,100	80 ft
4029 CEDAR AVE S MINNEAPOLIS MN 55407	JOSIE JUST & BRIAN JUST	RESIDENTIAL	$241,500	120 ft
4005 CEDAR AVE S MINNEAPOLIS MN 55407	KEITH A HANSEN	RESIDENTIAL	$160,500	120 ft
4016 LONGFELLOW AVE MINNEAPOLIS MN 55407	W E BRADLEY & A YAYA-BRADLEY	RESIDENTIAL	$357,800	136 ft
4012 LONGFELLOW AVE MINNEAPOLIS MN 55407	JUDITH A KERSTING	RESIDENTIAL	$266,400	141 ft
4020 LONGFELLOW AVE MINNEAPOLIS MN 55407	MARYLIN A KELLY	RESIDENTIAL	$301,800	142 ft
4008 LONGFELLOW AVE MINNEAPOLIS MN 55407	JYMME GOLDEN TRUST	RESIDENTIAL	$160,700	157 ft

Property History

Most Recent Sale

Date202507

Price$375,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,239