1535 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924210129

Property Overview

Parcel ID1402924210129

Lot Size5,639 sq ft (0.129 ac)

Lot Dimensions (est.)135 ft wide × 42 ft deep

Year Built1914

Property ClassAPARTMENT

OwnerMARK S CADY

Assessed Value$479,000

Land Value$21,800

Building Value$98,000

Annual Tax$8,433

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

1 permit on record since 2023 · $25K total declared value · Most recent: Jul 2023 (roofwind)

RoofwindJul 2023Closed

$25K

RAYCO CONSTRUCTION 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth101 ft

Area~160 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 160 sqft buildable area.

Est. units

Yield on cost

16.9%

Spread

+11.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1539 4TH ST N E MINNEAPOLIS MN 55413	JAMES REZAI CHURCH	RESIDENTIAL	$435,300	40 ft
1529 4TH ST N E MINNEAPOLIS MN 55413	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	41 ft
1603 4TH ST N E MINNEAPOLIS MN 55413	EMILY HANSON	RESIDENTIAL-TWO UNIT	$384,400	79 ft
1523 4TH ST N E MINNEAPOLIS MN 55413	THOMAS MENKE	RESIDENTIAL	$228,600	86 ft
1607 4TH ST N E MINNEAPOLIS MN 55413	TODD A BROWN	RESIDENTIAL-TWO UNIT	$472,600	119 ft
1521 4TH ST N E MINNEAPOLIS MN 55413	A C BURNS & M P BURNS	RESIDENTIAL	$322,700	126 ft
1532 5TH ST N E MINNEAPOLIS MN 55413	ROBERT HAGEN	RESIDENTIAL	$433,900	148 ft
1538 5TH ST N E MINNEAPOLIS MN 55413	THE PARKER REV LIV TRUST	RESIDENTIAL-TWO UNIT	$405,700	153 ft
1530 5TH ST N E MINNEAPOLIS MN 55413	RAND LIVINGSTON	RESIDENTIAL-TWO UNIT	$360,800	153 ft
1609 4TH ST N E MINNEAPOLIS MN 55413	COLTON JOSEPH HEIL	APARTMENT	$497,000	159 ft

Property History

Most Recent Sale

Date199910

Price$80,000

Type—

Current Tax Year

Year2026

Tax Due$8,433