4540 GARFIELD AVE MINNEAPOLIS MN 55419

PID: 1002824330004

Property Overview

Parcel ID1002824330004

Lot Size5,033 sq ft (0.116 ac)

Lot Dimensions (est.)122 ft wide × 41 ft deep

Year Built1924

Property ClassRESIDENTIAL-TWO UNIT

OwnerG G R ANDRADE/M A C PORTILLA

Assessed Value$550,000

Land Value$207,000

Building Value$343,000

Annual Tax$10,445

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $51K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Closed

CenterPoint Energy Resource Corp

RemodelNov 2024Closed

$47K

Llosa LLC

ResApr 2024Closed

Elias Plumbing LLC

ExistresJan 2024Closed

Heating and Cooling Design Inc

MiscOct 2018Closed

$2K

BEAR ROOFING AND EXTERIORS 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 rent1,545/mo

Renter-occupied24.2%

Median home value$360K

Vacancy rate1.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1108

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth83 ft

Area~2,563 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 small multifamily (2–4 units, wood frame) benchmarks for 2,563 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4536 GARFIELD AVE MINNEAPOLIS MN 55419	MARR FAMILY TRUST	RESIDENTIAL	$615,500	41 ft
4544 GARFIELD AVE MINNEAPOLIS MN 55419	JOSEPH VONBANK	RESIDENTIAL-TWO UNIT	$554,500	41 ft
4532 GARFIELD AVE MINNEAPOLIS MN 55419	DAVID UBER	RESIDENTIAL-TWO UNIT	$519,000	82 ft
4548 GARFIELD AVE MINNEAPOLIS MN 55419	JANICE L SEARCH REVOC. TRUST	RESIDENTIAL-TWO UNIT	$618,500	82 ft
4528 GARFIELD AVE MINNEAPOLIS MN 55419	ERIC & BETSY K FUNDERBURK	RESIDENTIAL-TWO UNIT	$619,500	124 ft
4552 GARFIELD AVE MINNEAPOLIS MN 55419	J P WENTZELL & L S WENTZELL	RESIDENTIAL-TWO UNIT	$600,600	124 ft
4541 LYNDALE AVE S MINNEAPOLIS MN 55419	PENNY I PAYNE	RESIDENTIAL	$396,000	134 ft
4537 LYNDALE AVE S MINNEAPOLIS MN 55419	ANNE MARIE HANSEN FISCHER	RESIDENTIAL	$371,800	139 ft
4545 LYNDALE AVE S MINNEAPOLIS MN 55419	J CARLSON/R DONAHUE CARLSON	RESIDENTIAL	$682,400	141 ft
4533 LYNDALE AVE S MINNEAPOLIS MN 55419	EMILY CHANEY	RESIDENTIAL	$390,600	156 ft

Property History

Most Recent Sale

Date202310

Price$390,000

TypeCONTRACT FOR DEED

Current Tax Year

Year2026

Tax Due$10,445