1227 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924240023

Property Overview

Parcel ID1402924240023

Lot Size5,397 sq ft (0.124 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerWILLIAM P BYRNE

Assessed Value$316,500

Land Value$129,000

Building Value$187,500

Annual Tax$4,645

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

5 permits on record since 2018 · $17K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Closed

$1K

WINDOW WORLD

ExistresAug 2020Closed

HEALTHY HOMES LLC

MiscMar 2020Closed

$6K

BARRIER CONSTRUCTION

MiscOct 2018Closed

$10K

BROWNSMITH RESTORATION LLC

ResApr 2018Closed

CHAMPION PLUMBING LLC

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~2,847 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 2,847 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
1225 4TH ST N E MINNEAPOLIS MN 55413	PAMELA J LOHSE	RESIDENTIAL-TWO UNIT	$418,500	40 ft
412 13TH AVE N E MINNEAPOLIS MN 55413	JOHN RIFKAH PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$703,000	43 ft
1223 4TH ST N E MINNEAPOLIS MN 55413	CONOR HESCH	RESIDENTIAL-TWO UNIT	$384,800	80 ft
1217 4TH ST N E MINNEAPOLIS MN 55413	MATTHEW MINER	RESIDENTIAL-TWO UNIT	$527,200	120 ft
1230 5TH ST N E MINNEAPOLIS MN 55413	1230 FIFTH STREET NE LLC	RESIDENTIAL-TWO UNIT	$456,500	147 ft
358 13TH AVE N E MINNEAPOLIS MN 55413	MPLS AREA LOCAL AMER POSTAL	COMMERCIAL-PREFERRED	$538,000	148 ft
1226 5TH ST N E MINNEAPOLIS MN 55413	RANDY S NELSON	RESIDENTIAL-TWO UNIT	$450,500	152 ft
1232 5TH ST N E MINNEAPOLIS MN 55413	KATHERINE M VENHUIZEN	RESIDENTIAL	$327,500	153 ft
1215 4TH ST N E MINNEAPOLIS MN 55413	JACK BOYD ANDERSON	RESIDENTIAL-TWO UNIT	$468,400	160 ft
1222 5TH ST N E MINNEAPOLIS MN 55413	BAUER FAMILY TRUST	RESIDENTIAL-TWO UNIT	$393,900	167 ft

Property History

Most Recent Sale

Date202008

Price$275,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,645