4231 2ND AVE S MINNEAPOLIS MN 55409

PID: 1002824420028

Property Overview

Parcel ID1002824420028

Lot Size5,171 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerJOSEPH J & CARLYE L NOVAK

Assessed Value$335,300

Land Value$88,000

Building Value$247,300

Annual Tax$4,942

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

3 permits on record since 2017 · Most recent: Nov 2024 (existres)

ExistresNov 2024Closed

Ray N Welter Heating Co

ResJun 2019Closed

SODERLIN PLUMBING HEATING AND AIR

ResJan 2017Closed

Warners Stellian Co 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

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 width30 ft

Buildable depth89 ft

Area~2,678 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 2,678 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4235 2ND AVE S MINNEAPOLIS MN 55409	J J BELLIDO BUSTAMANTE ET AL	RESIDENTIAL	$303,000	40 ft
4227 2ND AVE S MINNEAPOLIS MN 55409	DALE R SMITH ET AL TRUSTEES	RESIDENTIAL	$262,000	40 ft
4239 2ND AVE S MINNEAPOLIS MN 55409	P A BOWMAN & S BOWMAN	RESIDENTIAL	$209,000	83 ft
4225 2ND AVE S MINNEAPOLIS MN 55409	LAURA G CHRISTENSEN	RESIDENTIAL	$272,700	90 ft
4243 2ND AVE S MINNEAPOLIS MN 55409	ALEXANDER LINDSTROM	RESIDENTIAL	$263,400	128 ft
4219 2ND AVE S MINNEAPOLIS MN 55409	DAVID A VOGEL & TARA M VOGEL	RESIDENTIAL	$376,900	141 ft
4232 3RD AVE S MINNEAPOLIS MN 55409	KATHERINE M HELGASON	RESIDENTIAL	$267,100	143 ft
4236 3RD AVE S MINNEAPOLIS MN 55409	S D STROM & P J STROM TRES	RESIDENTIAL	$281,500	148 ft
4228 3RD AVE S MINNEAPOLIS MN 55409	VICKI L KOECHER	RESIDENTIAL	$207,000	149 ft
4224 3RD AVE S MINNEAPOLIS MN 55409	LAMONT BROWN	RESIDENTIAL	$279,900	165 ft

Property History

Most Recent Sale

Date201306

Price$170,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,942