1506 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924210004

Property Overview

Parcel ID1402924210004

Lot Size7,258 sq ft (0.167 ac)

Lot Dimensions (est.)165 ft wide × 44 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerSCOTT KOKE & LESLIE SKELLY

Assessed Value$449,100

Land Value$155,000

Building Value$294,100

Annual Tax$8,529

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Sheridan · Minneapolis

Median reported rent1,466/mo

Renter-occupied71.3%

Median home value$320K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 24

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

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 width34 ft

Buildable depth125 ft

Area~4,248 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 4,248 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1512 4TH ST N E MINNEAPOLIS MN 55413	J & J PINSKI	RESIDENTIAL-TWO UNIT	$442,300	44 ft
1504 4TH ST N E MINNEAPOLIS MN 55413	1504 4TH STREET LLC	RESIDENTIAL-TWO UNIT	$333,100	49 ft
349 15TH AVE N E MINNEAPOLIS MN 55413	15TH AVENUE NORD EAST LLC	TRIPLEX	$474,000	78 ft
1500 4TH ST N E MINNEAPOLIS MN 55413	WILLIAM & JODY PROPS LLC	RESIDENTIAL-TWO UNIT	$720,000	82 ft
1516 4TH ST N E MINNEAPOLIS MN 55413	C, K & A ELECTRIC PROPS LLC	RESIDENTIAL-TWO UNIT	$451,800	88 ft
343 15TH AVE N E MINNEAPOLIS MN 55413	MID AMERICA HOMES LLC ET AL	APARTMENT	$331,000	105 ft
1518 4TH ST N E MINNEAPOLIS MN 55413	ROSS SANDELL	RESIDENTIAL-TWO UNIT	$295,400	157 ft
348 16TH AVE N E MINNEAPOLIS MN 55413	CINDY E RASMUSSEN	RESIDENTIAL	$231,700	186 ft
1507 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	LOURDES G OLSON	RESIDENTIAL	$341,000	187 ft
346 16TH AVE N E MINNEAPOLIS MN 55413	CHELSI ZEBRO	RESIDENTIAL	$194,000	194 ft

Property History

Most Recent Sale

Date202310

Price$370,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,529