1121 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924240033

Property Overview

Parcel ID1402924240033

Lot Size5,396 sq ft (0.124 ac)

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

Year Built1908

Property ClassRESIDENTIAL-TWO UNIT

OwnerR HORVIK/C C HORVIK

Assessed Value$376,900

Land Value$129,000

Building Value$247,900

Annual Tax$5,658

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

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~2,846 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 2,846 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
1125 4TH ST N E MINNEAPOLIS MN 55413	TACKSHACKHOLDINGS LLC	RESIDENTIAL-TWO UNIT	$448,600	40 ft
1119 4TH ST N E MINNEAPOLIS MN 55413	BRYCE VIERECK	RESIDENTIAL-TWO UNIT	$354,700	40 ft
1131 4TH ST N E MINNEAPOLIS MN 55413	M WELSHINGER & R WELSHINGER	RESIDENTIAL	$444,900	80 ft
1115 4TH ST N E MINNEAPOLIS MN 55413	LHF CAPITAL LLC	APARTMENT	$259,400	80 ft
1201 4TH ST N E MINNEAPOLIS MN 55413	JOEL FOTSCH	RESIDENTIAL	$350,200	120 ft
1120 5TH ST N E MINNEAPOLIS MN 55413	KAREN M CHARLSON	RESIDENTIAL	$391,000	146 ft
1116 5TH ST N E MINNEAPOLIS MN 55413	1116 5TH STREET NE LLC	RESIDENTIAL-TWO UNIT	$404,400	152 ft
1124 5TH ST N E MINNEAPOLIS MN 55413	DEVAN POST & MICHAEL NALEPKA	RESIDENTIAL	$314,200	152 ft
1209 4TH ST N E MINNEAPOLIS MN 55413	KIM A HORECKA	RESIDENTIAL-TWO UNIT	$483,500	160 ft
1114 5TH ST N E MINNEAPOLIS MN 55413	E C SCHWARTZ & M S PAGE	RESIDENTIAL	$308,200	162 ft

Property History

Most Recent Sale

Date201410

Price$211,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,658