4720 16TH AVE S MINNEAPOLIS MN 55407

PID: 1402824110155

Property Overview

Parcel ID1402824110155

Lot Size4,927 sq ft (0.113 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerAMY YOUNG

Assessed Value$434,900

Land Value$172,000

Building Value$262,900

Annual Tax$6,603

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · Most recent: Jan 2021 (res)

ResJan 2021Closed

CHAMPION PLUMBING LLC

ResJun 2018Closed

CHAMPION PLUMBING LLC

ResJun 2018Closed

CHAMPION PLUMBING LLC

ResMay 2017Closed

Ryan Plumbing And Heating Co

ResMay 2017Closed

Ryan Plumbing And Heating Co

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

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 depth83 ft

Area~2,495 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 2,495 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
4716 16TH AVE S MINNEAPOLIS MN 55407	BRENT & MARY JEFFERS JNT TR	RESIDENTIAL	$438,000	40 ft
4724 16TH AVE S MINNEAPOLIS MN 55407	G K JENSEN & R M JENSEN	RESIDENTIAL	$305,500	40 ft
4712 16TH AVE S MINNEAPOLIS MN 55407	GREGORY V HUTTERER	RESIDENTIAL	$416,500	80 ft
4728 16TH AVE S MINNEAPOLIS MN 55407	HOFFMAN BOYEA & JOSIE BAUER	RESIDENTIAL	$441,300	80 ft
4708 16TH AVE S MINNEAPOLIS MN 55407	MARK OSLER ROOS & LAURA ROOS	RESIDENTIAL	$737,000	120 ft
4732 16TH AVE S MINNEAPOLIS MN 55407	E THOMAS SEXTON & K D O'HARA	RESIDENTIAL	$420,400	120 ft
4721 BLOOMINGTON AVE MINNEAPOLIS MN 55407	A J FARMER & S J FARMER	RESIDENTIAL	$317,100	137 ft
4725 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BONITA K DARULA	RESIDENTIAL	$353,400	142 ft
4717 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ALYSSA STROMBERG	RESIDENTIAL	$337,700	142 ft
4729 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MICHAEL F AYLWARD	RESIDENTIAL	$393,000	158 ft

Property History

Most Recent Sale

Date201806

Price$355,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,603