4209 2ND AVE S MINNEAPOLIS MN 55409

PID: 1002824420033

Property Overview

Parcel ID1002824420033

Lot Size6,474 sq ft (0.149 ac)

Lot Dimensions (est.)129 ft wide × 50 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerT D PETTIFORD & R L GRIGSBY

Assessed Value$297,800

Land Value$97,000

Building Value$200,800

Annual Tax$4,317

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 · $16K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$16K

LEGACY RESTORATION LLC

ResApr 2017Closed

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

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 width40 ft

Buildable depth89 ft

Area~3,578 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 3,578 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4205 2ND AVE S MINNEAPOLIS MN 55409	STEPHANIE L SHERRITT-SMITH	RESIDENTIAL	$244,100	45 ft
4215 2ND AVE S MINNEAPOLIS MN 55409	CRAIG M KAMPA	RESIDENTIAL	$313,200	49 ft
4201 2ND AVE S MINNEAPOLIS MN 55409	KEVIN CARON & SAMANTHA LEE	RESIDENTIAL	$357,000	85 ft
4219 2ND AVE S MINNEAPOLIS MN 55409	DAVID A VOGEL & TARA M VOGEL	RESIDENTIAL	$376,900	94 ft
4208 3RD AVE S MINNEAPOLIS MN 55409	J T HUTTON & J R HUTTON	RESIDENTIAL	$208,300	143 ft
4225 2ND AVE S MINNEAPOLIS MN 55409	LAURA G CHRISTENSEN	RESIDENTIAL	$272,700	145 ft
4212 3RD AVE S MINNEAPOLIS MN 55409	ELIZABETH NELSON	RESIDENTIAL	$322,000	147 ft
4206 3RD AVE S MINNEAPOLIS MN 55409	WILLIAM RICHARD INCE	RESIDENTIAL	$204,000	151 ft
215 42ND ST E MINNEAPOLIS MN 55409	TAGSTROM PROPERTIES LLC	RESIDENTIAL	$155,100	160 ft
4216 3RD AVE S MINNEAPOLIS MN 55409	ALICE WATSON/DOUGLAS WATSON	RESIDENTIAL	$261,300	160 ft

Property History

Current Tax Year

Year2026

Tax Due$4,317