2316 4TH AVE S MINNEAPOLIS MN 55404

PID: 3402924110149

Property Overview

Parcel ID3402924110149

Lot Size20,780 sq ft (0.477 ac)

Lot Dimensions (est.)129 ft wide × 161 ft deep

Year Built1948

Property ClassCOMMERCIAL-PREFERRED

OwnerNORTH BAY HOLDINGS LLC

Assessed Value$707,000

Land Value$374,000

Building Value$333,000

Annual Tax$22,607

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 rent1,074/mo

Renter-occupied80.6%

Median home value$282K

Vacancy rate5.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1069

Market Snapshot

Zip code 55404

Median sale price$306K+16.4% YoY

Median price / sqft$167/sqft

Median days to close92 days

Active listings57

Source: Redfin Data Center (Invalid Date) · Zip 55404

Zoning

RM3Residence and Institutional

Residential Mixed-Use 3 — higher-density mixed residential

Typical Uses

·High-density apartments
·Mixed-use buildings
·Ground-floor retail

Max Height95 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width151 ft

Buildable depth89 ft

Area~13,434 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 5-over-1 podium (12–50 units) benchmarks for 13,434 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2318 4TH AVE S MINNEAPOLIS MN 55404	NARCISA D J BONETE JARA	RESIDENTIAL	$210,200	110 ft
332 24TH ST E MINNEAPOLIS MN 55404	MARTIN T SARPENA	RESIDENTIAL	$234,300	136 ft
2214 4TH AVE S MINNEAPOLIS MN 55404	COMMUNITY HSNG DEVEL CORP	LOW INCOME RENTAL	$161,000	136 ft
2214 4TH AVE S MINNEAPOLIS MN 55404	COMMUNITY HSNG DEVEL CORP	LOW INCOME RENTAL	$161,000	136 ft
2216 4TH AVE S MINNEAPOLIS MN 55404	COMMUNITY HSNG DEVEL CORP	LOW INCOME RENTAL	$161,000	136 ft
2216 4TH AVE S MINNEAPOLIS MN 55404	COMMUNITY HSNG DEVEL CORP	LOW INCOME RENTAL	$161,000	136 ft
2218 4TH AVE S MINNEAPOLIS MN 55404	COMMUNITY HSNG DEVEL CORP	LOW INCOME RENTAL	$161,000	136 ft
MN	Unknown	—	—	136 ft
2309 CLINTON AVE MINNEAPOLIS MN 55404	NATHANIEL CLARK/OLIVIA CLARK	RESIDENTIAL	$370,000	141 ft
2307 CLINTON AVE MINNEAPOLIS MN 55404	ERICA C CHRIST	RESIDENTIAL-ZERO LOT LINE	$220,100	145 ft

Property History

Most Recent Sale

Date202204

Price$1,150,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$22,607