$449,000
Minneapolis, MN 55409
MLS# 6802622
1 / 14
Property Description
Prime Multi-Family Development Opportunity! This zoned commercial lot is perfectly positioned for a 34-unit apartment building in the heart of a thriving community. Located just blocks from George Floyd Square, steps from a major bus line, and within walking distance to grocery stores and local amenities, this site is ideal for affordable housing development. The area boasts strong community engagement and ongoing revitalization, making it a prime investment for developers seeking high demand and growth potential. Don’t miss the chance to contribute to the community with a well-located, thoughtfully designed multi-family project. Reach out today for site plans and development details!
Details
Maps
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Active
Contingency: None
Current Price: $449,000
Original List Price: 550000
ListPrice: 449000
List Date: 2025-10-20
Office/Member Info
Association: MAAR
General Property Information
Comp Sale YN: No
Development: No
Drainage: Good
Lot Measurement: Square Feet
Multiple PIDs?: No
Plat Recorded: Yes
Waterfront Present: No
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: 38x132x38x132
Lot Size SqFt: 5227.2
Association Fee: 0
Assessment Pending: Unknown
Location, Tax and Other Information
AssocFeeYN: No
Legal Description: LOT 017 RIDGEWAYS 1ST ADDN TO MPLS
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1310
Property ID Number: 1002824110149
Tax Year: 2025
Tax Amount: 1820
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Prime Multi-Family Development Opportunity! This zoned commercial lot is perfectly positioned for a 34-unit apartment building in the heart of a thriving community. Located just blocks from George Floyd Square, steps from a major bus line, and within walking distance to grocery stores and local amenities, this site is ideal for affordable housing development. The area boasts strong community engagement and ongoing revitalization, making it a prime investment for developers seeking high demand and growth potential. Don’t miss the chance to contribute to the community with a well-located, thoughtfully designed multi-family project. Reach out today for site plans and development details!
Directions: 35W to East to 38th Street and South on 4th Ave S
Assessments
Assessment Balance: 0
Assessment Installment: 0
Tax With Assessments: 1820
Builder Information
Builder Restrictions: Open
Development Status
Finished Lot(s): 1
Insurance Fee
Insurance Fee: 0
Lease Details
Land Leased: Not Applicable
Lot Description
Additional Land Available: 1
Public Transit (w/in 6 blks): 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 10
Township#: 28
Restriction/Covenants
None: 1
Sale Options
Sell Entirely: 1
Sellers Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Topography
Other: 1
Available Utilities
None Connected: 1
Improvements
Curbs: 1
Paved Streets: 1
Public Road: 1
Land Inclusions
Deck: 1
Location Tax and Other Information
House Number: 3848, 3844
Street Name: 4th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55409
Complex/Dev/Subdivision: Ridgeways 1st Add
Property Features
Available Utilities: None Connected
Development Status: Finished Lot(s)
Improvements: Curbs; Paved Streets; Public Road
Land Inclusions: Deck
Lot Description: Additional Land Available; Public Transit (w/in 6 blks)
Sale Options: Sell Entirely
Sellers Terms: Cash; Conventional; FHA; VA
Topography: Other
Listing Office: eXp Realty
Last Updated: April - 06 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.