4055 PLEASANT AVE MINNEAPOLIS MN 55409

PID: 1002824240105

Property Overview

Parcel ID1002824240105

Lot Size5,028 sq ft (0.115 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerB STEELE & J STEELE

Assessed Value$512,900

Land Value$155,000

Building Value$357,900

Annual Tax$7,978

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

6 permits on record since 2024 · $87K total declared value · Most recent: Jul 2025 (misc)

MiscJul 2025Closed

$47K

RENEWAL BY ANDERSEN CORP

ResMay 2024Closed

Anything Plumbing and Heating LLC

MiscMay 2024Closed

$18K

TITAN EXTERIORS LLC

RemodelMar 2024Closed

$22K

MYODDJOBHANDYMAN

ExistresMar 2024Closed

Air Rite Mechanical Systems Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

King Field · Minneapolis

Median reported rent1,253/mo

Renter-occupied32.9%

Median home value$403K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1099

Market Snapshot

Zip code 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth0 ft

Area~2,314 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 sfr / adu benchmarks for 2,314 sqft buildable area.

Est. units

Yield on cost

1.4%

Spread

-4.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4051 PLEASANT AVE MINNEAPOLIS MN 55409	DEANN EVERSON/CHRISTA OPHEIM	RESIDENTIAL-TWO UNIT	$430,400	40 ft
4047 PLEASANT AVE MINNEAPOLIS MN 55409	JOHN R KRAFT	RESIDENTIAL	$470,600	80 ft
4101 PLEASANT AVE MINNEAPOLIS MN 55409	JOHN MOEN & KELSEY MOEN	RESIDENTIAL	$330,200	98 ft
4043 PLEASANT AVE MINNEAPOLIS MN 55409	M GREEN & J POWERS	RESIDENTIAL	$518,400	120 ft
215 41ST ST W MINNEAPOLIS MN 55409	JENNIFER M ANONEN	RESIDENTIAL	$245,600	126 ft
4103 PLEASANT AVE MINNEAPOLIS MN 55409	E R RAMBERG & B S RAMBERG	RESIDENTIAL	$455,800	133 ft
4054 PILLSBURY AVE MINNEAPOLIS MN 55409	K KAPPHAHN & M BHAT	RESIDENTIAL-TWO UNIT	$563,400	139 ft
4050 PILLSBURY AVE MINNEAPOLIS MN 55409	MATTHEW ROTH	RESIDENTIAL-TWO UNIT	$610,000	145 ft
4039 PLEASANT AVE MINNEAPOLIS MN 55409	M L WELCKLE & K A WEDES	RESIDENTIAL	$547,400	160 ft
4046 PILLSBURY AVE MINNEAPOLIS MN 55409	J D WETJEN & TESSA N WETJEN	RESIDENTIAL	$319,900	161 ft

Property History

Most Recent Sale

Date202505

Price$750,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,978