1501 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924210137

Property Overview

Parcel ID1402924210137

Lot Size5,399 sq ft (0.124 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerANDREW A TINBERG REVOC TRUST

Assessed Value$314,600

Land Value$138,000

Building Value$176,600

Annual Tax$6,014

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

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 depth0 ft

Area~2,564 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,564 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1505 4TH ST N E MINNEAPOLIS MN 55413	SAM SMITH	RESIDENTIAL-TWO UNIT	$385,400	40 ft
1511 4TH ST N E MINNEAPOLIS MN 55413	KORTEBEIN FAMILY TRUST	RESIDENTIAL	$434,300	80 ft
1433 4TH ST N E MINNEAPOLIS MN 55413	NE HOLDINGS LLC	APARTMENT	$520,000	108 ft
1515 4TH ST N E MINNEAPOLIS MN 55413	MARIA G NAULA FLORESRG	RESIDENTIAL-TWO UNIT	$290,300	120 ft
445 15TH AVE N E MINNEAPOLIS MN 55413	MARK C MILLER	RESIDENTIAL	$376,400	121 ft
1431 4TH ST N E MINNEAPOLIS MN 55413	LUCAS S POWELL/JODI L BURKE	RESIDENTIAL	$415,200	150 ft
1517 4TH ST N E MINNEAPOLIS MN 55413	D B JUNGERS & T K NIEBELING	RESIDENTIAL	$305,600	160 ft
1510 5TH ST N E MINNEAPOLIS MN 55413	ANDREW D HOEFLER	RESIDENTIAL-TWO UNIT	$378,400	170 ft
1500 4TH ST N E MINNEAPOLIS MN 55413	WILLIAM & JODY PROPS LLC	RESIDENTIAL-TWO UNIT	$720,000	177 ft
1500 5TH ST N E MINNEAPOLIS MN 55413	ERIK A LARSON	TRIPLEX	$518,700	179 ft

Property History

Most Recent Sale

Date200503

Price$175,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,014