4932 RUSSELL AVE S MINNEAPOLIS MN 55410

PID: 1702824140046

Property Overview

Parcel ID1702824140046

Lot Size5,446 sq ft (0.125 ac)

Lot Dimensions (est.)136 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerP SCHLAEFER & B SCHLAEFER

Assessed Value$650,300

Land Value$348,000

Building Value$302,300

Annual Tax$10,554

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2003 · $188K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Closed

CenterPoint Energy Resource Corp

MiscMay 2024Closed

$8K

KAUFMAN SHEET METAL ROOFING INC

Building Re-inspectionJun 2003

$180K

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

Neighborhood Profile

Fulton · Minneapolis

Median reported rent1,625/mo

Renter-occupied17.4%

Median home value$721K

Vacancy rate0.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 106

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

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 depth96 ft

Area~2,883 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 2,883 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4938 RUSSELL AVE S MINNEAPOLIS MN 55410	BRIAN S & GIANNA B LASSITER	RESIDENTIAL	$786,300	40 ft
4926 RUSSELL AVE S MINNEAPOLIS MN 55410	C MICHAELSON & B WINNICK	RESIDENTIAL	$1,086,900	60 ft
4940 RUSSELL AVE S MINNEAPOLIS MN 55410	MICHAEL LINGVALL	RESIDENTIAL	$603,600	80 ft
4944 RUSSELL AVE S MINNEAPOLIS MN 55410	J M KRANIG/J K SCHAAF ET AL	RESIDENTIAL	$596,600	120 ft
4920 RUSSELL AVE S MINNEAPOLIS MN 55410	SCOTT D & DEBBY G SWINNEY	RESIDENTIAL	$800,500	120 ft
4933 SHERIDAN AVE S MINNEAPOLIS MN 55410	HUGO JACOB MERCADO	RESIDENTIAL-ZERO LOT LINE	$387,200	132 ft
4931 SHERIDAN AVE S MINNEAPOLIS MN 55410	G FISCHER & A A K HOLLIS	RESIDENTIAL-ZERO LOT LINE	$434,800	136 ft
4923 SHERIDAN AVE S MINNEAPOLIS MN 55410	DOUGLAS F REMLY	LOW INCOME RENTAL	$395,900	149 ft
4937 SHERIDAN AVE S MINNEAPOLIS MN 55410	KRISTIN A FINBERG	RESIDENTIAL-TWO UNIT	$808,900	150 ft
4916 RUSSELL AVE S MINNEAPOLIS MN 55410	DANA WEBBER & STEVE F WEBBER	RESIDENTIAL	$671,200	160 ft

Property History

Most Recent Sale

Date201905

Price$603,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,554