901 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924310003

Property Overview

Parcel ID1402924310003

Lot Size13,833 sq ft (0.318 ac)

Lot Dimensions (est.)151 ft wide × 91 ft deep

Year Built1969

Property ClassAPARTMENT

OwnerD T & J A WILKE

Assessed Value$541,000

Land Value$455,000

Building Value$86,000

Annual Tax$10,275

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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 rent1,476/mo

Renter-occupied71.0%

Median home value$413K

Vacancy rate11.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1030

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width136 ft

Buildable depth51 ft

Area~8,315 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 3-story wood frame (5–12 units) benchmarks for 8,315 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
416 BROADWAY ST N E MINNEAPOLIS MN 55413	KARL D ELFSTROM	RESIDENTIAL-TWO UNIT	$297,400	126 ft
827 4TH ST N E MINNEAPOLIS MN 55413	DENNIS J KOLODJSKI ETAL	RESIDENTIAL-TWO UNIT	$455,500	133 ft
825 4TH ST N E MINNEAPOLIS MN 55413	JACOB HOVDE	RESIDENTIAL-TWO UNIT	$464,900	178 ft
418 9TH AVE N E MINNEAPOLIS MN 55413	DANIEL A BETZ	APARTMENT	$551,000	189 ft
403 BROADWAY ST N E MINNEAPOLIS MN 55413	DULL BOY LLC	TRIPLEX	$460,800	192 ft
407 BROADWAY ST N E MINNEAPOLIS MN 55413	M ROISUM & M KLOOSTERBOER	RESIDENTIAL-TWO UNIT	$380,800	195 ft
409 BROADWAY ST N E MINNEAPOLIS MN 55413	NICHOLAS J MAYER	TRIPLEX	$434,400	209 ft
329 9TH AVE N E MINNEAPOLIS MN 55413	STUART S JONES	RESIDENTIAL-TWO UNIT	$421,700	220 ft
906 4TH ST N E MINNEAPOLIS MN 55413	GREG & ROXANNE GRAY	RESIDENTIAL-TWO UNIT	$435,600	220 ft
821 4TH ST N E MINNEAPOLIS MN 55413	SCOTT SMITH & DEANNA ARCE	RESIDENTIAL-TWO UNIT	$462,500	224 ft

Property History

Most Recent Sale

Date199906

Price$222,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,275