4912 34TH AVE S MINNEAPOLIS MN 55417

PID: 1802823230143

Property Overview

Parcel ID1802823230143

Lot Size9,423 sq ft (0.216 ac)

Lot Dimensions (est.)152 ft wide × 62 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerTIMOTHY A TESSMAN ETAL

Assessed Value$337,700

Land Value$161,000

Building Value$176,700

Annual Tax$5,652

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,481/mo

Renter-occupied13.7%

Median home value$353K

Vacancy rate3.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 118

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width52 ft

Buildable depth112 ft

Area~5,821 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 3-story wood frame (5–12 units) benchmarks for 5,821 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4916 34TH AVE S MINNEAPOLIS MN 55417	TIMOTHY A TESSMAN	RESIDENTIAL	$247,500	55 ft
4904 34TH AVE S MINNEAPOLIS MN 55417	LAWRENCE J OTREMBA	RESIDENTIAL	$355,500	62 ft
4924 34TH AVE S MINNEAPOLIS MN 55417	H & S MARTIN JR	RESIDENTIAL	$311,000	103 ft
4900 34TH AVE S MINNEAPOLIS MN 55417	KAREN MOE	RESIDENTIAL-TWO UNIT	$429,100	124 ft
4915 33RD AVE S MINNEAPOLIS MN 55417	GREGORY JON MOEN	RESIDENTIAL	$411,300	159 ft
4917 33RD AVE S MINNEAPOLIS MN 55417	T A TESSMAN & D R TESSMAN	RESIDENTIAL	$307,100	161 ft
4909 33RD AVE S MINNEAPOLIS MN 55417	JENNIFER L SCHNEIDER	RESIDENTIAL	$289,100	167 ft
4921 33RD AVE S MINNEAPOLIS MN 55417	MCCRACKEN LIVING TRUST	RESIDENTIAL	$319,900	173 ft
4905 33RD AVE S MINNEAPOLIS MN 55417	JAMIE L KVAMME	RESIDENTIAL	$379,300	183 ft
4925 33RD AVE S MINNEAPOLIS MN 55417	DERRICK GREEN & ELLEN GREEN	RESIDENTIAL	$456,500	193 ft

Property History

Current Tax Year

Year2026

Tax Due$5,652