4902 35TH AVE S MINNEAPOLIS MN 55417

PID: 1802823240039

Property Overview

Parcel ID1802823240039

Lot Size8,405 sq ft (0.193 ac)

Lot Dimensions (est.)134 ft wide × 63 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerJ & D PEDERSEN

Assessed Value$465,000

Land Value$181,000

Building Value$284,000

Annual Tax$7,105

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2024 · $19K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

MiscApr 2024Closed

$19K

ADVANTAGE CONSTRUCTION

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

Neighborhood Profile

Minnehaha · Minneapolis

Median reported rent1,555/mo

Renter-occupied20.2%

Median home value$286K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 119.98

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width121 ft

Buildable depth23 ft

Area~4,672 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 4,672 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4906 35TH AVE S MINNEAPOLIS MN 55417	L C VELASQUEZ & A MAGANA	RESIDENTIAL	$384,000	56 ft
4910 35TH AVE S MINNEAPOLIS MN 55417	MICHAEL D PEW & LORI A PEW	RESIDENTIAL	$328,000	103 ft
4844 35TH AVE S MINNEAPOLIS MN 55417	PEICHEL-SEWARD FAMILY TRUST	RESIDENTIAL	$337,200	124 ft
4901 34TH AVE S MINNEAPOLIS MN 55417	K R SAUER & E E SAUER	RESIDENTIAL	$468,700	134 ft
4905 34TH AVE S MINNEAPOLIS MN 55417	SHANI J NESTINGEN	RESIDENTIAL	$429,300	137 ft
4914 35TH AVE S MINNEAPOLIS MN 55417	EMILY JO MASON	RESIDENTIAL	$352,900	145 ft
4909 34TH AVE S MINNEAPOLIS MN 55417	KEVIN LORANG	RESIDENTIAL	$455,900	151 ft
3408 49TH ST E MINNEAPOLIS MN 55417	JAMES A MCRAE JR	RESIDENTIAL	$360,300	174 ft
4915 34TH AVE S MINNEAPOLIS MN 55417	KEVIN J LORANG	RESIDENTIAL-TWO UNIT	$441,000	180 ft
4838 35TH AVE S MINNEAPOLIS MN 55417	STRATHMAN REVOC INTER TRUST	RESIDENTIAL	$381,100	184 ft

Property History

Most Recent Sale

Date199111

Price$78,400

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,105