4953 RUSSELL AVE S MINNEAPOLIS MN 55410

PID: 1702824140151

Property Overview

Parcel ID1702824140151

Lot Size5,101 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1927

Property ClassRESIDENTIAL-TWO UNIT

OwnerKEITH RUSSELL CLARK

Assessed Value$697,800

Land Value$339,000

Building Value$358,800

Annual Tax$11,453

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $53K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$13K

NORTHFACE CONSTRUCTION LLC

AdditionNov 2021Closed

$20K

FRITZ CONSTRUCTION LLC

MiscMar 2020Closed

$892

CREW2 INC

ResApr 2018Closed

CenterPoint Energy Resource Corp

ResApr 2018Closed

CenterPoint Energy Resource Corp

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,624 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 2,624 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4949 RUSSELL AVE S MINNEAPOLIS MN 55410	SMITHHOLDEN 4949 LLC	RESIDENTIAL-TWO UNIT	$718,400	40 ft
4957 RUSSELL AVE S MINNEAPOLIS MN 55410	NEAL D & JENNIFER L HEIKKILA	RESIDENTIAL	$569,000	40 ft
4945 RUSSELL AVE S MINNEAPOLIS MN 55410	J & C J MURPHY	RESIDENTIAL	$611,500	80 ft
4941 RUSSELL AVE S MINNEAPOLIS MN 55410	EMILY O'KEEFE/SOLOMON DELEON	RESIDENTIAL	$613,300	120 ft
4950 QUEEN AVE S MINNEAPOLIS MN 55410	JENNIFER A STUBER TRUST ETAL	RESIDENTIAL	$595,000	141 ft
4954 QUEEN AVE S MINNEAPOLIS MN 55410	MIKE POINDEXTER	RESIDENTIAL-TWO UNIT	$556,400	146 ft
5001 RUSSELL AVE S MINNEAPOLIS MN 55410	J M VICTORIA & A VICTORIA	RESIDENTIAL-TWO UNIT	$673,500	150 ft
4944 QUEEN AVE S MINNEAPOLIS MN 55410	C W BATKO & K LUNDBERG	RESIDENTIAL	$856,400	156 ft
4937 RUSSELL AVE S MINNEAPOLIS MN 55410	C R RUDOLPH & M A SCHLOSSER	RESIDENTIAL	$637,100	160 ft
4940 QUEEN AVE S MINNEAPOLIS MN 55410	D M FARLEY & EMILY R FARLEY	RESIDENTIAL	$851,300	183 ft

Property History

Most Recent Sale

Date201308

Price$410,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,453