4247 2ND AVE S MINNEAPOLIS MN 55409

PID: 1002824420023

Property Overview

Parcel ID1002824420023

Lot Size5,812 sq ft (0.133 ac)

Lot Dimensions (est.)129 ft wide × 45 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerTCMLS

Assessed Value$244,000

Land Value$93,000

Building Value$151,000

Annual Tax$3,763

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 2017 · Most recent: Aug 2017 (res)

ResAug 2017Closed

Linn Star Transfer Inc

ResJan 2017Closed

CENTERPOINT ENERGY

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width35 ft

Buildable depth89 ft

Area~3,119 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 sfr / adu benchmarks for 3,119 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4243 2ND AVE S MINNEAPOLIS MN 55409	ALEXANDER LINDSTROM	RESIDENTIAL	$263,400	45 ft
206 43RD ST E MINNEAPOLIS MN 55409	A KNIGHT & L E KNIGHT SR	RESIDENTIAL	$325,900	50 ft
4239 2ND AVE S MINNEAPOLIS MN 55409	P A BOWMAN & S BOWMAN	RESIDENTIAL	$209,000	90 ft
4235 2ND AVE S MINNEAPOLIS MN 55409	J J BELLIDO BUSTAMANTE ET AL	RESIDENTIAL	$303,000	132 ft
4248 3RD AVE S MINNEAPOLIS MN 55409	ANTHONY Q TRUONG ET AL	RESIDENTIAL	$306,200	143 ft
4244 3RD AVE S MINNEAPOLIS MN 55409	ERIC A HERSH	RESIDENTIAL	$313,300	149 ft
216 43RD ST E MINNEAPOLIS MN 55409	J STEMMIER & B STEMMIER	RESIDENTIAL	$313,900	151 ft
4301 2ND AVE S MINNEAPOLIS MN 55409	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	156 ft
4240 3RD AVE S MINNEAPOLIS MN 55409	S GRAHAM & M GRAHAM	RESIDENTIAL	$292,600	167 ft
4231 2ND AVE S MINNEAPOLIS MN 55409	JOSEPH J & CARLYE L NOVAK	RESIDENTIAL	$335,300	173 ft

Property History

Most Recent Sale

Date200909

Price$20,025

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,763