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    3848 4Th Ave S Minneapolis, MN 55409

    For Sale
    $550,000

    Lots & Land - Minneapolis, MN

    Lot size:
    0.12 Acres
    Days on Market:
    48
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 3848 4Th Ave S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Single Family
    APN
    1002824110149
    Lot size
    0.12 Acres

    Building Details

    Architectural style
    Other

    EXP REALTY (612) 751-9303 [email protected]

    Listing agent Arne R Johansson (320) 500-4397

    Listing date Oct 20, 2025

    MLS# 6802622 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Opportunity Near George Floyd Square

    This commercially zoned lot presents a development opportunity for a 34-unit apartment building. The property is situated in a thriving community, located blocks from George Floyd Square, steps from a major bus line, and within walking distance of grocery stores and local amenities. The 0.12-acre site is suitable for affordable housing development. The area features strong community engagement and ongoing revitalization, making it a potential investment for developers seeking high demand and growth potential. The property is located in Minneapolis, MN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.270505
    Latitude
    44.932689

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    FAQs

    What type of property is this?
    Commercial land - Commercial lot suitable for a 34-unit apartment building.
    Where is this commercial land located?
    The property is located at 3848 4Th Ave S Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Zoned for a 34-unit apartment building.; - Prime location in a thriving community.; - Ideal for affordable housing development.
    (320) 500-4397
    Request Owner's contact information
    3848 4Th Ave S Minneapolis, MN 55409
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    Minneapolis, MN 55409
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3848 4Th Ave S Minneapolis, MN 55409
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