312 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924340004

Property Overview

Parcel ID1402924340004

Lot Size8,180 sq ft (0.188 ac)

Lot Dimensions (est.)170 ft wide × 48 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerVIRGETTE L SORENSON

Assessed Value$476,700

Land Value$231,000

Building Value$245,700

Annual Tax$9,201

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $2K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$2K

Virgettee Sorenson

ExistresNov 2021Closed

Hero Home Services LLC

ResMar 2019Expired

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

St. Anthony West · Minneapolis

Median reported rent1,674/mo

Renter-occupied50.5%

Median home value$467K

Vacancy rate12.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1036

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 width39 ft

Buildable depth127 ft

Area~4,948 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 4,948 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
318 4TH ST N E MINNEAPOLIS MN 55413	L M LAUTERBACH & C J OLSON	RESIDENTIAL	$766,000	50 ft
306 4TH ST N E MINNEAPOLIS MN 55413	W DOUGHERTY & M G DOUGHERTY	RESIDENTIAL	$422,400	58 ft
320 4TH ST N E MINNEAPOLIS MN 55413	A CARMICHAEL & J CARMICHAEL	RESIDENTIAL-TWO UNIT	$520,400	100 ft
317 3RD AVE N E MINNEAPOLIS MN 55413	R M FISCHER & A B REYES TRS	RESIDENTIAL	$447,500	118 ft
326 4TH ST N E MINNEAPOLIS MN 55413	TYRONE T FOLLIARD-OLSON ETAL	RESIDENTIAL	$405,700	150 ft
311 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	MPLS PUBLIC HOUSING AUTH	APARTMENT	$0	167 ft
330 4TH ST N E MINNEAPOLIS MN 55413	CHALGREN REVOCABLE TRUST	APARTMENT	$432,000	208 ft
325 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	STEVEN HUKRIEDE/JOHN TRIPP	RESIDENTIAL	$419,700	217 ft
313 4TH ST N E MINNEAPOLIS MN 55413	J T VIKEN & N L JORGENSON	RESIDENTIAL	$465,600	244 ft
311 4TH ST N E MINNEAPOLIS MN 55413	J T VIKEN & N L JORGENSON	RESIDENTIAL-TWO UNIT	$468,200	248 ft

Property History

Most Recent Sale

Date199906

Price$135,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,201