4427 CEDAR AVE S MINNEAPOLIS MN 55407

PID: 1202824330021

Property Overview

Parcel ID1202824330021

Lot Size6,103 sq ft (0.140 ac)

Lot Dimensions (est.)122 ft wide × 50 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerERIC M HERR

Assessed Value$282,000

Land Value$121,000

Building Value$161,000

Annual Tax$4,052

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

Ericsson · Minneapolis

Median reported rent1,733/mo

Renter-occupied14.2%

Median home value$372K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1111

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 width40 ft

Buildable depth82 ft

Area~3,281 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 3-story wood frame (5–12 units) benchmarks for 3,281 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4431 CEDAR AVE S MINNEAPOLIS MN 55407	SHIRLEY A NELSON	RESIDENTIAL	$274,700	45 ft
4423 CEDAR AVE S MINNEAPOLIS MN 55407	MICHELLE MARIE MEHRER	RESIDENTIAL	$357,600	50 ft
4435 CEDAR AVE S MINNEAPOLIS MN 55407	C M GORDON-GAU ET AL SUB/L E	RESIDENTIAL	$377,900	85 ft
4417 CEDAR AVE S MINNEAPOLIS MN 55407	J WILKINS & G M WILKINS	RESIDENTIAL-TWO UNIT	$414,900	100 ft
4439 CEDAR AVE S MINNEAPOLIS MN 55407	JEROME E LANNING & WIFE	RESIDENTIAL	$415,000	125 ft
4424 LONGFELLOW AVE MINNEAPOLIS MN 55407	CRAIG BJELLA & SHARON BJELLA	RESIDENTIAL	$436,800	136 ft
4432 LONGFELLOW AVE MINNEAPOLIS MN 55407	ELIZABETH ANN SCOTT TRUSTEE	RESIDENTIAL	$748,000	143 ft
4420 LONGFELLOW AVE MINNEAPOLIS MN 55407	HALVERSON LIVING TRUST	RESIDENTIAL	$360,600	147 ft
4411 CEDAR AVE S MINNEAPOLIS MN 55407	LOREE A BLOCK	RESIDENTIAL-TWO UNIT	$405,700	150 ft
4434 LONGFELLOW AVE MINNEAPOLIS MN 55407	HEATHER STOLSON	RESIDENTIAL	$349,800	161 ft

Property History

Most Recent Sale

Date201112

Price$114,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,052