4227 4TH AVE S MINNEAPOLIS MN 55409

PID: 1002824410052

Property Overview

Parcel ID1002824410052

Lot Size5,273 sq ft (0.121 ac)

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

Year Built1955

Property ClassRESIDENTIAL

OwnerALVEDIA SMITH

Assessed Value$235,000

Land Value$104,000

Building Value$131,000

Annual Tax$3,542

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — Tilsenbilt Homes

Development Opportunities

Historic district — Tilsenbilt HomesHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

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

1 permit on record since 2018 · Most recent: Jun 2018 (res)

ResJun 2018Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Regina · Minneapolis

Median reported rent1,858/mo

Renter-occupied11.4%

Median home value$326K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1109

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

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 width30 ft

Buildable depth92 ft

Area~2,754 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 2,754 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4231 4TH AVE S MINNEAPOLIS MN 55409	MAYRA G VILLATORO LOPEZ	RESIDENTIAL	$253,000	40 ft
4223 4TH AVE S MINNEAPOLIS MN 55409	JOSE ARTURO VEGA LOPEZ	RESIDENTIAL	$284,700	40 ft
4235 4TH AVE S MINNEAPOLIS MN 55409	FELICIA REESE & KARL REESE	RESIDENTIAL	$261,600	80 ft
4219 4TH AVE S MINNEAPOLIS MN 55409	J REYES & M ZETINO	RESIDENTIAL	$275,600	80 ft
4239 4TH AVE S MINNEAPOLIS MN 55409	SOUTHSIDE COM HEALTH SER INC	VACANT LAND-RESIDENTIAL	$0	120 ft
4217 4TH AVE S MINNEAPOLIS MN 55409	CLAUDIA REYES MESTIZO	RESIDENTIAL	$191,000	120 ft
4226 5TH AVE S MINNEAPOLIS MN 55409	KEELY E HOGAN-BRAKER	RESIDENTIAL	$321,800	143 ft
4230 5TH AVE S MINNEAPOLIS MN 55409	ALEC HOARD	RESIDENTIAL	$345,600	148 ft
4222 5TH AVE S MINNEAPOLIS MN 55409	CAROLINE WULF	RESIDENTIAL	$337,100	150 ft
4211 4TH AVE S MINNEAPOLIS MN 55409	CITY OF LAKES COMM LAND TRST	—	$261,900	160 ft

Property History

Current Tax Year

Year2026

Tax Due$3,542