4924 HUMBOLDT LA N MINNEAPOLIS MN 55430

PID: 1211821230344

Property Overview

Parcel ID1211821230344

Lot Size5,765 sq ft (0.132 ac)

Lot Dimensions (est.)140 ft wide × 41 ft deep

Year Built2015

Property ClassRESIDENTIAL

OwnerL MITCHELL & R SCHACHTER

Assessed Value$432,500

Land Value$50,000

Building Value$382,500

Annual Tax$6,589

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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 rent1,200/mo

Renter-occupied30.7%

Median home value$219K

Vacancy rate6.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1.02

Market Snapshot

Zip code 55430

Median sale price$285K+3.3% YoY

Median price / sqft$175/sqft

Median days to close36 days

Active listings37

Source: Redfin Data Center (Invalid Date) · Zip 55430

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 width32 ft

Buildable depth97 ft

Area~3,106 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 3,106 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
4928 HUMBOLDT LA N MINNEAPOLIS MN 55430	L JOHNSTON & D JOHNSTON	RESIDENTIAL	$421,800	42 ft
4920 HUMBOLDT LA N MINNEAPOLIS MN 55430	FELECIA LAIRD	RESIDENTIAL	$449,800	43 ft
4932 HUMBOLDT LA N MINNEAPOLIS MN 55430	J G INIGUEZ & K L INIGUEZ	RESIDENTIAL	$403,000	84 ft
4916 HUMBOLDT AVE N MINNEAPOLIS MN 55430	ARTHUR LAUB/JENNIFER HUBBARD	RESIDENTIAL	$444,400	88 ft
4936 HUMBOLDT LA N MINNEAPOLIS MN 55430	A A FINMAN-PALMER/A SCHERER	RESIDENTIAL	$396,200	126 ft
4912 HUMBOLDT AVE N MINNEAPOLIS MN 55430	TYJUAN MORROW/EMMA MORROW	RESIDENTIAL	$459,900	132 ft
4925 GIRARD AVE N MINNEAPOLIS MN 55430	SCOTT HUGHES/SUZANNE HUGHES	RESIDENTIAL	$422,600	148 ft
4921 GIRARD AVE N MINNEAPOLIS MN 55430	STOFFELS & RIVERA TRUST	RESIDENTIAL	$400,900	152 ft
4929 GIRARD AVE N MINNEAPOLIS MN 55430	LAUREN MERRIMAN	RESIDENTIAL	$420,600	155 ft
4917 GIRARD AVE N MINNEAPOLIS MN 55430	PATRICE DALTON	RESIDENTIAL	$436,400	166 ft

Property History

Most Recent Sale

Date202112

Price$419,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,589