4524 LONGFELLOW AVE MINNEAPOLIS MN 55407

PID: 1202824330033

Property Overview

Parcel ID1202824330033

Lot Size4,882 sq ft (0.112 ac)

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

Year Built1939

Property ClassRESIDENTIAL

OwnerMEAGAN FAAS & JOHN FAAS

Assessed Value$353,600

Land Value$166,000

Building Value$187,600

Annual Tax$5,248

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $30K total declared value · Most recent: Jun 2023 (existres)

ExistresJun 2023Closed

CENTERPOINT ENERGY

ResApr 2022Closed

CenterPoint Energy Resource Corp

ExistresMay 2017Closed

Genz-Ryan Plumbing and Heating Co

ResMay 2017Closed

P and D Mechanical Contracting Co

RemodelApr 2017Closed

$30K

Meagan E Faas

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

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 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

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4520 LONGFELLOW AVE MINNEAPOLIS MN 55407	DAN WITT	RESIDENTIAL	$327,300	40 ft
4528 LONGFELLOW AVE MINNEAPOLIS MN 55407	VANCE G LEAK	RESIDENTIAL	$316,800	40 ft
4514 LONGFELLOW AVE MINNEAPOLIS MN 55407	D R SCHERR & D SCHERR	RESIDENTIAL	$282,500	80 ft
4532 LONGFELLOW AVE MINNEAPOLIS MN 55407	P B KOENST & M C HANUS	RESIDENTIAL	$395,200	80 ft
4512 LONGFELLOW AVE MINNEAPOLIS MN 55407	JOSHUA A ROBERTSON ET AL	RESIDENTIAL	$752,500	120 ft
4536 LONGFELLOW AVE MINNEAPOLIS MN 55407	PAMELA KAY CLEMENS	RESIDENTIAL	$387,600	120 ft
4525 CEDAR AVE S MINNEAPOLIS MN 55407	PAUL BARCLAY ANDERSON	RESIDENTIAL	$282,000	136 ft
4529 CEDAR AVE S MINNEAPOLIS MN 55407	SUSAN E ROEDL	RESIDENTIAL	$347,700	141 ft
4519 CEDAR AVE S MINNEAPOLIS MN 55407	JASON G NORBERG ET AL	RESIDENTIAL-TWO UNIT	$473,600	149 ft
4533 CEDAR AVE S MINNEAPOLIS MN 55407	KATHY A STEWART	RESIDENTIAL	$177,400	157 ft

Property History

Most Recent Sale

Date201602

Price$245,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,248