4325 NOKOMIS AVE S MINNEAPOLIS MN 55406

PID: 1202824410111

Property Overview

Parcel ID1202824410111

Lot Size5,056 sq ft (0.116 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerD J MOLITOR & C K RASMUSSEN

Assessed Value$334,000

Land Value$134,000

Building Value$200,000

Annual Tax$4,920

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

6 permits on record since 2017 · $20K total declared value · Most recent: Mar 2023 (res)

ResMar 2023Closed

Urban Pine Plumbing and Mechanical Inc

MiscSep 2022Closed

$10K

SNAP CONSTRUCTION INC

MiscMay 2022Cancelled

$4K

SNAP CONSTRUCTION INC

MiscMay 2022Closed

$6K

SNAP CONSTRUCTION INC

ResMay 2020Closed

Warners Stellian Co Inc

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 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth86 ft

Area~2,592 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 sfr / adu benchmarks for 2,592 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4329 NOKOMIS AVE S MINNEAPOLIS MN 55406	THOMAS ALAN GRAHAM/AMAY YANG	RESIDENTIAL	$351,200	40 ft
4321 NOKOMIS AVE S MINNEAPOLIS MN 55406	T GRIFFIN & M D BISSONETTE	RESIDENTIAL	$605,200	40 ft
4333 NOKOMIS AVE S MINNEAPOLIS MN 55406	WILLIAM T ARGYROS	RESIDENTIAL	$327,100	80 ft
4317 NOKOMIS AVE S MINNEAPOLIS MN 55406	JUSTIN A LAW	RESIDENTIAL	$271,200	80 ft
4337 NOKOMIS AVE S MINNEAPOLIS MN 55406	JOSEPH SLATER & MAREN SLATER	RESIDENTIAL	$432,900	120 ft
4315 NOKOMIS AVE S MINNEAPOLIS MN 55406	DAVID DIETZ/NICOLE CAVENDER	RESIDENTIAL	$310,800	120 ft
4324 31ST AVE S MINNEAPOLIS MN 55406	MARY KAY OLSON	RESIDENTIAL	$249,600	140 ft
4320 31ST AVE S MINNEAPOLIS MN 55406	WALLACE S BJORKSTRAND ET AL	RESIDENTIAL	$288,000	146 ft
4341 NOKOMIS AVE S MINNEAPOLIS MN 55406	RENEE GRAFF & RYAN JOHNSON	RESIDENTIAL	$317,800	160 ft
4309 NOKOMIS AVE S MINNEAPOLIS MN 55406	EMILY JUNE MEESE	RESIDENTIAL	$333,600	160 ft

Property History

Most Recent Sale

Date198301

Price$67,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,920