4539 PILLSBURY AVE MINNEAPOLIS MN 55419

PID: 1002824340200

Property Overview

Parcel ID1002824340200

Lot Size5,289 sq ft (0.121 ac)

Lot Dimensions (est.)132 ft wide × 40 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerDAVID D WOLTERS & WIFE

Assessed Value$395,000

Land Value$176,000

Building Value$219,000

Annual Tax$5,960

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

2 permits on record since 2020 · Most recent: Feb 2023 (existres)

ExistresFeb 2023Closed

WOODLAND STOVES & FIREPLACES

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth92 ft

Area~2,766 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 2,766 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4543 PILLSBURY AVE MINNEAPOLIS MN 55419	WILLIAM THOMPSON ET AL	RESIDENTIAL	$454,800	40 ft
4535 PILLSBURY AVE MINNEAPOLIS MN 55419	LESA HUDAK & SHANE HUDAK	RESIDENTIAL	$369,700	40 ft
4547 PILLSBURY AVE MINNEAPOLIS MN 55419	LILIANA MARIA PERCY	RESIDENTIAL	$352,000	80 ft
4531 PILLSBURY AVE MINNEAPOLIS MN 55419	KELLY M GRAGG-JOHNSON ET AL	RESIDENTIAL	$376,400	90 ft
4551 PILLSBURY AVE MINNEAPOLIS MN 55419	TIMOTHY HOWARD LINTON	RESIDENTIAL	$379,300	120 ft
4538 WENTWORTH AVE MINNEAPOLIS MN 55419	METHRATH LLC	RESIDENTIAL-TWO UNIT	$550,100	144 ft
4542 WENTWORTH AVE MINNEAPOLIS MN 55419	PAUL D JANDL	RESIDENTIAL	$336,700	149 ft
4534 WENTWORTH AVE MINNEAPOLIS MN 55419	JACKIE ULVEN & JOHN A ULVEN	RESIDENTIAL	$539,200	150 ft
4525 PILLSBURY AVE MINNEAPOLIS MN 55419	AARON FOLEY & EMILY KLEINMAN	RESIDENTIAL	$567,000	150 ft
4557 PILLSBURY AVE MINNEAPOLIS MN 55419	BARBARA J SHELTON	RESIDENTIAL	$291,200	158 ft

Property History

Current Tax Year

Year2026

Tax Due$5,960