4940 ZENITH AVE S MINNEAPOLIS MN 55410

PID: 1702824240096

Property Overview

Parcel ID1702824240096

Lot Size5,422 sq ft (0.124 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerJ S WELTER & P A WELTERS TRS

Assessed Value$481,200

Land Value$285,000

Building Value$196,200

Annual Tax$7,376

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $19K total declared value · Most recent: Nov 2025 (existres)

ExistresNov 2025Inspection

Blue Ox Heating and Air LLC

MiscOct 2022Closed

$13K

TO SERVE CONTRACTING LLC

ResApr 2020Closed

HomeWorks Services LLC

ResApr 2018Closed

CenterPoint Energy Resource Corp

RemodelMar 2018Closed

$6K

Minnesota Rusco Inc

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

Neighborhood Profile

Fulton · Minneapolis

Median reported rent1,676/mo

Renter-occupied7.7%

Median home value$543K

Vacancy rate2.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1112

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 width32 ft

Buildable depth89 ft

Area~2,851 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 2,851 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4936 ZENITH AVE S MINNEAPOLIS MN 55410	S B HONG & D A BRENNER	RESIDENTIAL	$944,200	42 ft
4944 ZENITH AVE S MINNEAPOLIS MN 55410	CLAIRE HAZZARD/JAMES HAZZARD	RESIDENTIAL	$697,100	42 ft
4932 ZENITH AVE S MINNEAPOLIS MN 55410	OHANA PROPERTY MANAGEMNT LLC	RESIDENTIAL	$510,000	84 ft
4948 ZENITH AVE S MINNEAPOLIS MN 55410	STACY LEE LARSON	RESIDENTIAL-TWO UNIT	$572,600	84 ft
4952 ZENITH AVE S MINNEAPOLIS MN 55410	SCOTT H OLSON	RESIDENTIAL-TWO UNIT	$505,400	125 ft
4928 ZENITH AVE S MINNEAPOLIS MN 55410	PAUL & SHANNON AMUNDSON	RESIDENTIAL	$1,136,300	126 ft
4941 ABBOTT AVE S MINNEAPOLIS MN 55410	MARY C FINCH	RESIDENTIAL	$458,500	141 ft
4945 ABBOTT AVE S MINNEAPOLIS MN 55410	ERIC R PORTE & LISA K PORTE	RESIDENTIAL	$462,700	146 ft
4937 ABBOTT AVE S MINNEAPOLIS MN 55410	RANDALL & ROCHELLE WILLIAMS	RESIDENTIAL	$451,700	147 ft
4949 ABBOTT AVE S MINNEAPOLIS MN 55410	MOHAMED H ZIADI	RESIDENTIAL	$397,000	163 ft

Property History

Most Recent Sale

Date201105

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,376