1518 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924210011

Property Overview

Parcel ID1402924210011

Lot Size4,341 sq ft (0.100 ac)

Lot Dimensions (est.)80 ft wide × 54 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerROSS SANDELL

Assessed Value$295,400

Land Value$122,000

Building Value$173,400

Annual Tax$4,493

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

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 width44 ft

Buildable depth40 ft

Area~1,768 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 1,768 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1528 4TH ST N E MINNEAPOLIS MN 55413	JORY INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$460,000	61 ft
348 16TH AVE N E MINNEAPOLIS MN 55413	CINDY E RASMUSSEN	RESIDENTIAL	$231,700	73 ft
1516 4TH ST N E MINNEAPOLIS MN 55413	C, K & A ELECTRIC PROPS LLC	RESIDENTIAL-TWO UNIT	$451,800	76 ft
346 16TH AVE N E MINNEAPOLIS MN 55413	CHELSI ZEBRO	RESIDENTIAL	$194,000	108 ft
1512 4TH ST N E MINNEAPOLIS MN 55413	J & J PINSKI	RESIDENTIAL-TWO UNIT	$442,300	115 ft
344 16TH AVE N E MINNEAPOLIS MN 55413	JOHN I GOETTL	TRIPLEX	$311,600	131 ft
340 16TH AVE N E MINNEAPOLIS MN 55413	SHERIDAN BOTTIN LLC	RESIDENTIAL-TWO UNIT	$345,600	156 ft
1506 4TH ST N E MINNEAPOLIS MN 55413	SCOTT KOKE & LESLIE SKELLY	RESIDENTIAL-TWO UNIT	$449,100	157 ft
1523 4TH ST N E MINNEAPOLIS MN 55413	THOMAS MENKE	RESIDENTIAL	$228,600	167 ft
1521 4TH ST N E MINNEAPOLIS MN 55413	A C BURNS & M P BURNS	RESIDENTIAL	$322,700	171 ft

Property History

Most Recent Sale

Date201611

Price$175,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,493