420 4TH ST S E MINNEAPOLIS MN 55414

PID: 2302924140082

Property Overview

Parcel ID2302924140082

Lot Size4,681 sq ft (0.107 ac)

Lot Dimensions (est.)98 ft wide × 48 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerGOPHER INVESTMENT LLC

Assessed Value$360,500

Land Value$116,000

Building Value$244,500

Annual Tax$5,581

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Marcy Holmes · Minneapolis

Median reported rent1,222/mo

Renter-occupied80.8%

Median home value$377K

Vacancy rate3.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1037

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

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 width23 ft

Buildable depth102 ft

Area~2,343 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 2,343 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
422 4TH ST S E MINNEAPOLIS MN 55414	SCOTT M JOHNSON	RESIDENTIAL-TWO UNIT	$351,300	37 ft
412 4TH ST S E MINNEAPOLIS MN 55414	412 4TH ST SE LLC	APARTMENT	$1,197,000	51 ft
424 4TH ST S E MINNEAPOLIS MN 55414	MANOUCHER ROSTAMKHANI	RESIDENTIAL	$292,700	69 ft
428 4TH ST S E MINNEAPOLIS MN 55414	JOHN R PEMBLE	RESIDENTIAL	$334,800	101 ft
408 4TH ST S E MINNEAPOLIS MN 55414	408 4TH ST SE LLC	APARTMENT	$3,490,000	111 ft
317 5TH AVE S E MINNEAPOLIS MN 55414	MAAMUS REAL ESTATE LLC	RESIDENTIAL-TWO UNIT	$475,500	134 ft
432 4TH ST S E MINNEAPOLIS MN 55414	EBULLIENT INVESTMENTS LLC	APARTMENT	$639,000	151 ft
425 UNIVERSITY AVE S E MINNEAPOLIS MN 55414	LIVE CLOSE II LLC	APARTMENT	$2,302,000	169 ft
316 4TH AVE S E MINNEAPOLIS MN 55414	IGLESIA CRISTIANA ALFA Y OME	COMMERCIAL-PREFERRED	$0	178 ft
417 UNIVERSITY AVE S E MINNEAPOLIS MN 55414	RYAN & ALICIA KING	RESIDENTIAL-TWO UNIT	$399,800	181 ft

Property History

Most Recent Sale

Date201809

Price$270,668

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,581