1433 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924210025

Property Overview

Parcel ID1402924210025

Lot Size5,871 sq ft (0.135 ac)

Lot Dimensions (est.)135 ft wide × 44 ft deep

Year Built1900

Property ClassAPARTMENT

OwnerNE HOLDINGS LLC

Assessed Value$520,000

Land Value$88,000

Building Value$432,000

Annual Tax$10,774

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Permit History

2 permits on record since 2021 · $27K total declared value · Most recent: Jan 2022 (comnofdbv)

ComnofdbvJan 2022Closed

Plumbing Restoration & Services LLC

CommfdrrOct 2021Closed

$27K

Standard Heating and Air Conditioning Inc

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

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width122 ft

Buildable depth4 ft

Area~2,896 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 2,896 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
1431 4TH ST N E MINNEAPOLIS MN 55413	LUCAS S POWELL/JODI L BURKE	RESIDENTIAL	$415,200	42 ft
1427 4TH ST N E MINNEAPOLIS MN 55413	A DEAN & J DOMMER-KOCH	RESIDENTIAL	$330,600	82 ft
1501 4TH ST N E MINNEAPOLIS MN 55413	ANDREW A TINBERG REVOC TRUST	RESIDENTIAL-TWO UNIT	$314,600	108 ft
1423 4TH ST N E MINNEAPOLIS MN 55413	HANA RA	RESIDENTIAL	$318,000	121 ft
1432 5TH ST N E MINNEAPOLIS MN 55413	MICHAEL T MISKOWIEC	APARTMENT	$496,000	147 ft
1505 4TH ST N E MINNEAPOLIS MN 55413	SAM SMITH	RESIDENTIAL-TWO UNIT	$385,400	148 ft
1430 5TH ST N E MINNEAPOLIS MN 55413	JOSE M LALA QUITO	RESIDENTIAL	$253,300	153 ft
1419 4TH ST N E MINNEAPOLIS MN 55413	T J MYERS & M M MCCOOL	RESIDENTIAL	$350,000	162 ft
1424 5TH ST N E MINNEAPOLIS MN 55413	MATT CARTER ALTO	RESIDENTIAL	$278,400	168 ft
1426 4TH ST N E MINNEAPOLIS MN 55413	DMTM REALTY LLC	COMMERCIAL-PREFERRED	$789,000	169 ft

Property History

Most Recent Sale

Date202107

Price$567,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,774