4652 16TH AVE S MINNEAPOLIS MN 55407

PID: 1402824110016

Property Overview

Parcel ID1402824110016

Lot Size5,144 sq ft (0.118 ac)

Lot Dimensions (est.)122 ft wide × 42 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerDAVID J PEDERSON SUBJ/L E

Assessed Value$372,400

Land Value$170,000

Building Value$202,400

Annual Tax$5,561

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

3 permits on record since 2020 · $17K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$17K

Skyline Exteriors LLC

ExistresJun 2024Closed

CENTERPOINT ENERGY

ExistresFeb 2020Closed

Ray N Welter Heating Co

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

Neighborhood Profile

Minneapolis

Median reported rent1,090/mo

Renter-occupied19.0%

Median home value$334K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 110

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width109 ft

Buildable depth2 ft

Area~2,392 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 2,392 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4648 16TH AVE S MINNEAPOLIS MN 55407	K P THOMPSON & T J KELLEY	RESIDENTIAL	$358,500	42 ft
4644 16TH AVE S MINNEAPOLIS MN 55407	ANN ERICKSON/ERIK HALVERSON	RESIDENTIAL	$343,000	82 ft
4700 16TH AVE S MINNEAPOLIS MN 55407	SARA LOVE & JOSEPH TERNUS	RESIDENTIAL	$533,900	101 ft
4638 16TH AVE S MINNEAPOLIS MN 55407	KATHERINE L B JENSEN	RESIDENTIAL	$390,800	123 ft
4649 BLOOMINGTON AVE MINNEAPOLIS MN 55407	LCD REAL ESTATE LLC	COMMERCIAL-PREFERRED	$348,000	136 ft
4704 16TH AVE S MINNEAPOLIS MN 55407	E TREVINO JR & G B BENNETT	RESIDENTIAL	$392,400	141 ft
4647 BLOOMINGTON AVE MINNEAPOLIS MN 55407	D L KRESS & R J KRESS	RESIDENTIAL	$328,100	142 ft
4643 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MARY SUSAN HANNAN	RESIDENTIAL	$270,700	159 ft
4636 16TH AVE S MINNEAPOLIS MN 55407	BRIANNA K DYNES	RESIDENTIAL	$373,000	165 ft
4701 BLOOMINGTON AVE MINNEAPOLIS MN 55407	THOMAS MAGNUSSON	RESIDENTIAL	$328,000	170 ft

Property History

Current Tax Year

Year2026

Tax Due$5,561