3848, 3844 4th Avenue S, Minneapolis, MN 55409

Overview

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!

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
Assessment Pending: Unknown
Association Fee: 0

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

Contract Information

Contingency: None
Original List Price: 550000
ListPrice: 449000
Owner is an Agent?: Yes
Auction?: No

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

Assessments

Tax With Assessments: 1820
Assessment Balance: 0
Assessment Installment: 0

Builder Information

Builder Restrictions: Open

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 10
Township#: 28

Office/Member Info

Association: MAAR

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

Development Status

Finished Lot(s): Yes

Insurance Fee

Insurance Fee: 0

Lot Description

Additional Land Available: Yes
Public Transit (w/in 6 blks): Yes

Restriction/Covenants

None: Yes

Sale Options

Sell Entirely: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Topography

Other: Yes

Available Utilities

None Connected: Yes

Improvements

Curbs: Yes
Paved Streets: Yes
Public Road: Yes

Land Inclusions

Deck: Yes