1523 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924210131

Property Overview

Parcel ID1402924210131

Lot Size6,749 sq ft (0.155 ac)

Lot Dimensions (est.)135 ft wide × 50 ft deep

Year Built1933

Property ClassRESIDENTIAL

OwnerTHOMAS MENKE

Assessed Value$228,600

Land Value$150,000

Building Value$78,600

Annual Tax$3,484

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 width40 ft

Buildable depth95 ft

Area~3,798 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 3,798 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
1521 4TH ST N E MINNEAPOLIS MN 55413	A C BURNS & M P BURNS	RESIDENTIAL	$322,700	40 ft
1529 4TH ST N E MINNEAPOLIS MN 55413	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	45 ft
1517 4TH ST N E MINNEAPOLIS MN 55413	D B JUNGERS & T K NIEBELING	RESIDENTIAL	$305,600	75 ft
1535 4TH ST N E MINNEAPOLIS MN 55413	MARK S CADY	APARTMENT	$479,000	86 ft
1515 4TH ST N E MINNEAPOLIS MN 55413	MARIA G NAULA FLORESRG	RESIDENTIAL-TWO UNIT	$290,300	115 ft
1539 4TH ST N E MINNEAPOLIS MN 55413	JAMES REZAI CHURCH	RESIDENTIAL	$435,300	126 ft
1526 5TH ST N E MINNEAPOLIS MN 55413	J MARKEY & J R WICKHAM	RESIDENTIAL	$288,200	147 ft
1522 5TH ST N E MINNEAPOLIS MN 55413	JERRY PODKOPACZ SUBJ/LE	RESIDENTIAL-TWO UNIT	$371,900	151 ft
1530 5TH ST N E MINNEAPOLIS MN 55413	RAND LIVINGSTON	RESIDENTIAL-TWO UNIT	$360,800	153 ft
1511 4TH ST N E MINNEAPOLIS MN 55413	KORTEBEIN FAMILY TRUST	RESIDENTIAL	$434,300	155 ft

Property History

Most Recent Sale

Date200109

Price$83,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,484