640 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924310165

Property Overview

Parcel ID1402924310165

Lot Size5,235 sq ft (0.120 ac)

Lot Dimensions (est.)113 ft wide × 46 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerCHARLES TORBORG ETAL

Assessed Value$405,000

Land Value$145,000

Building Value$260,000

Annual Tax$6,128

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 rent1,476/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

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 width100 ft

Buildable depth6 ft

Area~2,365 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 2,365 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
634 4TH ST N E MINNEAPOLIS MN 55413	M M CROWLEY/O J WEST	RESIDENTIAL	$376,900	46 ft
318 7TH AVE N E MINNEAPOLIS MN 55413	SAMUEL LOCKE/MALLORY HOLMEN	TRIPLEX	$416,700	81 ft
630 4TH ST N E MINNEAPOLIS MN 55413	E L STERN & E D HOLMES	RESIDENTIAL	$313,200	86 ft
314 7TH AVE N E MINNEAPOLIS MN 55413	STACY M SCHMIDT	RESIDENTIAL	$356,700	117 ft
702 4TH ST N E MINNEAPOLIS MN 55413	DARRELL GERMAIN BROWN JR	RESIDENTIAL-TWO UNIT	$504,000	129 ft
628 4TH ST N E MINNEAPOLIS MN 55413	CHESTER SMOLESKI	RESIDENTIAL-TWO UNIT	$400,200	130 ft
624 4TH ST N E MINNEAPOLIS MN 55413	NANCY J TENNESSEN	RESIDENTIAL-TWO UNIT	$566,500	175 ft
641 4TH ST N E MINNEAPOLIS MN 55413	B MALONE& S MALONE	RESIDENTIAL-TWO UNIT	$441,700	185 ft
635 4TH ST N E MINNEAPOLIS MN 55413	WASYL MYKULAK ETAL	RESIDENTIAL-TWO UNIT	$445,000	190 ft
710 4TH ST N E MINNEAPOLIS MN 55413	J P STICHA & M F STICHA	RESIDENTIAL-TWO UNIT	$500,700	195 ft

Property History

Current Tax Year

Year2026

Tax Due$6,128