420 4TH ST N E MINNEAPOLIS MN 55413

PID: 1402924340045

Property Overview

Parcel ID1402924340045

Lot Size7,017 sq ft (0.161 ac)

Lot Dimensions (est.)162 ft wide × 43 ft deep

Year Built1901

Property ClassRESIDENTIAL-TWO UNIT

OwnerC & B SHERWOOD

Assessed Value$605,200

Land Value$216,000

Building Value$389,200

Annual Tax$9,738

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

2 permits on record since 2018 · $980 total declared value · Most recent: Mar 2019 (res)

ResMar 2019Expired

CenterPoint Energy Resource Corp

MiscJul 2018Expired

$980

Chester T Sherwood

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 width34 ft

Buildable depth119 ft

Area~4,061 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 4,061 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
418 4TH ST N E MINNEAPOLIS MN 55413	M KOUANCHAO & M B DAVIS	RESIDENTIAL	$480,500	45 ft
430 4TH ST N E MINNEAPOLIS MN 55413	C M FROECHLE & S A WHITE	RESIDENTIAL-TWO UNIT	$506,300	50 ft
412 4TH ST N E MINNEAPOLIS MN 55413	MABEL A HUBER TRUST	RESIDENTIAL	$466,100	94 ft
434 4TH ST N E MINNEAPOLIS MN 55413	R J OKAGAKI & S E MILLER	RESIDENTIAL	$383,900	97 ft
438 4TH ST N E MINNEAPOLIS MN 55413	JENNIFER L BONG	RESIDENTIAL-TWO UNIT	$541,200	131 ft
410 4TH ST N E MINNEAPOLIS MN 55413	E GUSTAFSON & K GUSTAFSON	RESIDENTIAL	$785,700	142 ft
423 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	MALAKE KOZAH/GLORIA A BEDRAN	RESIDENTIAL	$383,500	173 ft
316 5TH AVE N E MINNEAPOLIS MN 55413	JENNIFER K LOOMIS REV TRUST	RESIDENTIAL-TWO UNIT	$533,300	174 ft
427 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	G HITTI & N HITTI	RESIDENTIAL	$415,500	178 ft
417 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ANGEL ROBLES/ZOILA ALVARADO	RESIDENTIAL-TWO UNIT	$503,900	185 ft

Property History

Most Recent Sale

Date199303

Price$60,000

Type—

Current Tax Year

Year2026

Tax Due$9,738