4 WASHBURN AVE S MINNEAPOLIS MN 55405

PID: 2902924120101

Property Overview

Parcel ID2902924120101

Lot Size7,411 sq ft (0.170 ac)

Lot Dimensions (est.)135 ft wide × 55 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerBRUCE A SMITH

Assessed Value$414,600

Land Value$234,000

Building Value$180,600

Annual Tax$6,261

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $12K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscSep 2023Closed

$12K

SELA ROOFING AND REMODELING INC

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width122 ft

Buildable depth15 ft

Area~3,979 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 3,979 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
8 WASHBURN AVE S MINNEAPOLIS MN 55405	D P DECKER & J M PIERCE	RESIDENTIAL	$435,900	53 ft
14 WASHBURN AVE S MINNEAPOLIS MN 55405	AUSTIN BROWN	RESIDENTIAL-TWO UNIT	$532,700	108 ft
213 WASHBURN AVE N MINNEAPOLIS MN 55405	ABRAMSON SNOW FAMILY TRUST	RESIDENTIAL	$462,300	112 ft
2919 CHESTNUT AVE W MINNEAPOLIS MN 55405	FRANCIS SHEN & SOPHIA BEAL	RESIDENTIAL	$676,600	134 ft
13 XERXES AVE S MINNEAPOLIS MN 55405	BRIAN NYBERG	RESIDENTIAL	$768,700	144 ft
217 WASHBURN AVE N MINNEAPOLIS MN 55405	A H BELL & S S BELL	RESIDENTIAL	$405,900	162 ft
20 WASHBURN AVE S MINNEAPOLIS MN 55405	JOHN C NORD	RESIDENTIAL	$415,800	163 ft
216 XERXES AVE N MINNEAPOLIS MN 55405	LINDA J RIBBACH	RESIDENTIAL	$368,200	170 ft
15 XERXES AVE S MINNEAPOLIS MN 55405	KRISTI KAY SPITZMUELLER ETAL	RESIDENTIAL	$1,014,300	170 ft
5 WASHBURN AVE S MINNEAPOLIS MN 55405	J L GALLO & S M GALLO	RESIDENTIAL	$826,800	194 ft

Property History

Most Recent Sale

Date201012

Price$150,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,261