4845 CHICAGO AVE MINNEAPOLIS MN 55417

PID: 1402824240013

Property Overview

Parcel ID1402824240013

Lot Size5,969 sq ft (0.137 ac)

Lot Dimensions (est.)124 ft wide × 48 ft deep

Year Built1929

Property ClassRESIDENTIAL-TWO UNIT

OwnerSCOTT F WOOD & KARI L WOOD

Assessed Value$551,300

Land Value$184,000

Building Value$367,300

Annual Tax$10,429

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

2 permits on record since 2019 · $33K total declared value · Most recent: Sep 2019 (res)

ResSep 2019Closed

FIRESIDE HEARTH AND HOME

MiscApr 2019Closed

$33K

PELLA NORTHLAND

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

Neighborhood Profile

Minneapolis

Median reported rent1,991/mo

Renter-occupied11.2%

Median home value$420K

Vacancy rate5.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 117.03

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width109 ft

Buildable depth8 ft

Area~2,783 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 2,783 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4841 CHICAGO AVE MINNEAPOLIS MN 55417	SCOTT F WOOD & KARI L WOOD	RESIDENTIAL-TWO UNIT	$557,300	49 ft
4837 CHICAGO AVE MINNEAPOLIS MN 55417	KERRY D HINZE	TRIPLEX	$581,600	99 ft
4901 CHICAGO AVE MINNEAPOLIS MN 55417	ANDREW P COFFEY	RESIDENTIAL-TWO UNIT	$554,300	109 ft
4844 ELLIOT AVE MINNEAPOLIS MN 55417	ANDREW DORLE/COURTNEY DORLE	RESIDENTIAL	$511,800	137 ft
4840 ELLIOT AVE MINNEAPOLIS MN 55417	K D HINZE & C MALIBAGO	RESIDENTIAL	$514,700	146 ft
4833 CHICAGO AVE MINNEAPOLIS MN 55417	MATTHEW S VOGEL	RESIDENTIAL-TWO UNIT	$545,400	149 ft
4905 CHICAGO AVE MINNEAPOLIS MN 55417	CHARLES K WARD	RESIDENTIAL-TWO UNIT	$569,800	159 ft
4836 ELLIOT AVE MINNEAPOLIS MN 55417	D EISENMENGER/H EISENMENGER	RESIDENTIAL	$696,100	170 ft
4900 ELLIOT AVE MINNEAPOLIS MN 55417	BEN MARTIN & ZAIDEE K MARTIN	RESIDENTIAL	$491,800	175 ft
4829 CHICAGO AVE MINNEAPOLIS MN 55417	DIANE L HELGERSON	RESIDENTIAL	$557,600	199 ft

Property History

Most Recent Sale

Date202109

Price$510,200

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,429