7401 4TH AVE S RICHFIELD MN 55423

PID: 3402824410050· 1 field stubbed (see below)

Property Overview

Parcel ID3402824410050

Lot Size7,644 sq ft (0.175 ac)

Lot Dimensions (est.)134 ft wide × 57 ft deep

Year Built1945

Property ClassRESIDENTIAL

OwnerSTACEY MARIE THOMPSON

Assessed Value$340,100

Land Value$100,800

Building Value$239,300

Annual Tax$4,877

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

Minneapolis

Median reported rent1,101/mo

Renter-occupied53.7%

Median home value$302K

Vacancy rate8.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 248.02

Market Snapshot

Zip code 55423

Median sale price$348K-7.2% YoY

Median price / sqft$211/sqft

Median days to close32 days

Active listings40

Source: Redfin Data Center (Invalid Date) · Zip 55423

Zoning

Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.

Property History

Most Recent Sale

Date201808

Price$280,000

TypeEXCLUDED FROM RATIO STUDIES

Current Tax Year

Year2026

Tax Due$4,877

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
7407 4TH AVE S RICHFIELD MN 55423	RAND WILLIAM GALLAGHER	RESIDENTIAL	$286,900	59 ft
7345 4TH AVE S RICHFIELD MN 55423	DOUGLAS J HOUCK	RESIDENTIAL	$224,500	112 ft
7411 4TH AVE S RICHFIELD MN 55423	D I KATAGIRI & H J KATAGIRI	RESIDENTIAL	$293,800	130 ft
7400 5TH AVE S RICHFIELD MN 55423	L L LYNCH & H J LYNCH JR	RESIDENTIAL	$207,000	134 ft
7404 5TH AVE S RICHFIELD MN 55423	TRAVIS MORD	RESIDENTIAL	$298,600	146 ft
7341 4TH AVE S RICHFIELD MN 55423	C GLASEMEYER & K GLASEMEYER	RESIDENTIAL	$287,700	161 ft
7344 5TH AVE S RICHFIELD MN 55423	JEFFREY D BODAHL	RESIDENTIAL	$240,300	178 ft
7412 5TH AVE S RICHFIELD MN 55423	MASSOUD BORHAN	RESIDENTIAL	$244,600	180 ft
7400 4TH AVE S RICHFIELD MN 55423	INGE MILIUS	RESIDENTIAL	$284,800	194 ft
7410 4TH AVE S RICHFIELD MN 55423	NEDZIB MUJIC	RESIDENTIAL	$247,200	207 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": zoning. See README for details on which sources are live vs. stubbed.