1511 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924210135

Property Overview

Parcel ID1402924210135

Lot Size5,399 sq ft (0.124 ac)

Lot Dimensions (est.)135 ft wide × 40 ft deep

Year Built1996

Property ClassRESIDENTIAL

OwnerKORTEBEIN FAMILY TRUST

Assessed Value$434,300

Land Value$138,000

Building Value$296,300

Annual Tax$6,803

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $15K total declared value · Most recent: Nov 2020 (addition)

AdditionNov 2020Closed

$15K

WVM Construction

ResDec 2019Closed

Linn Star Transfer Inc

ResJun 2019Closed

Linn Star Transfer Inc

ResJul 2018Closed

Urban Pine Plumbing and Mechanical Inc

ExistresJul 2018Closed

CenterPoint Energy Resource Corp

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 depth95 ft

Area~2,848 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 2,848 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1515 4TH ST N E MINNEAPOLIS MN 55413	MARIA G NAULA FLORESRG	RESIDENTIAL-TWO UNIT	$290,300	40 ft
1505 4TH ST N E MINNEAPOLIS MN 55413	SAM SMITH	RESIDENTIAL-TWO UNIT	$385,400	40 ft
1517 4TH ST N E MINNEAPOLIS MN 55413	D B JUNGERS & T K NIEBELING	RESIDENTIAL	$305,600	80 ft
1501 4TH ST N E MINNEAPOLIS MN 55413	ANDREW A TINBERG REVOC TRUST	RESIDENTIAL-TWO UNIT	$314,600	80 ft
1521 4TH ST N E MINNEAPOLIS MN 55413	A C BURNS & M P BURNS	RESIDENTIAL	$322,700	115 ft
445 15TH AVE N E MINNEAPOLIS MN 55413	MARK C MILLER	RESIDENTIAL	$376,400	130 ft
1510 5TH ST N E MINNEAPOLIS MN 55413	ANDREW D HOEFLER	RESIDENTIAL-TWO UNIT	$378,400	150 ft
1512 5TH ST N E MINNEAPOLIS MN 55413	DAWN MARIE PETERSON LIV TR	RESIDENTIAL	$341,000	152 ft
1523 4TH ST N E MINNEAPOLIS MN 55413	THOMAS MENKE	RESIDENTIAL	$228,600	155 ft
1518 5TH ST N E MINNEAPOLIS MN 55413	JUST RIGHT LIVING LLC	RESIDENTIAL	$267,500	167 ft

Property History

Most Recent Sale

Date200203

Price$190,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,803