4623 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 1402824110024

Property Overview

Parcel ID1402824110024

Lot Size5,038 sq ft (0.116 ac)

Lot Dimensions (est.)123 ft wide × 41 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerA C REECE & L A RICHARDSON

Assessed Value$410,600

Land Value$163,000

Building Value$247,600

Annual Tax$6,198

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

11 permits on record since 2017 · $83K total declared value · Most recent: Jun 2024 (remodel)

RemodelJun 2024Inspection

$17K

DBS RESIDENTIAL SOLUTIONS INC

MiscJun 2021Closed

$17K

HOME PRO AMERICA LLC

AdditionJun 2021Closed

$17K

HOME PRO AMERICA LLC

ExistresJan 2021Closed

SODERLIN PLUMBING HEATING AND AIR

MiscNov 2019Closed

$6K

Major Roofing and Siding LLC

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

Neighborhood Profile

Northrop · 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth83 ft

Area~2,568 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 2,568 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4627 BLOOMINGTON AVE MINNEAPOLIS MN 55407	H HALVERSON & B HALVERSON	RESIDENTIAL	$357,500	41 ft
4617 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MARIA CONTRERAS	RESIDENTIAL	$457,000	41 ft
4631 BLOOMINGTON AVE MINNEAPOLIS MN 55407	S W GLENNON & J P MEINTS	RESIDENTIAL	$389,700	82 ft
4615 BLOOMINGTON AVE MINNEAPOLIS MN 55407	E SCHLACHTER & D SCHLACHTER	RESIDENTIAL	$309,600	82 ft
4633 BLOOMINGTON AVE MINNEAPOLIS MN 55407	CHRISTOPHER ORVA BUSH	RESIDENTIAL	$251,300	123 ft
4611 BLOOMINGTON AVE MINNEAPOLIS MN 55407	NICOLE TENTINGER	RESIDENTIAL-TWO UNIT	$445,000	123 ft
4622 16TH AVE S MINNEAPOLIS MN 55407	PAUL ANTHONY LARSON	RESIDENTIAL	$323,000	137 ft
4618 16TH AVE S MINNEAPOLIS MN 55407	JOHN P WALLACE	RESIDENTIAL	$324,000	143 ft
4626 16TH AVE S MINNEAPOLIS MN 55407	K ACKERT & D J ACKERT	RESIDENTIAL	$425,500	143 ft
4614 16TH AVE S MINNEAPOLIS MN 55407	PATRICIA ANN WRIGHT	RESIDENTIAL	$375,400	159 ft

Property History

Most Recent Sale

Date202408

Price$450,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,198