4321 2ND AVE S MINNEAPOLIS MN 55409

PID: 1002824420041

Property Overview

Parcel ID1002824420041

Lot Size5,543 sq ft (0.127 ac)

Lot Dimensions (est.)129 ft wide × 43 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerSUSAN R NIKOLOFF

Assessed Value$221,000

Land Value$90,000

Building Value$131,000

Annual Tax$3,035

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

1 permit on record since 2025 · $6K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Closed

$6K

RENEWAL BY ANDERSEN CORP

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 width33 ft

Buildable depth89 ft

Area~2,933 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 2,933 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4317 2ND AVE S MINNEAPOLIS MN 55409	JOCELYN MARIE ORTIZ	RESIDENTIAL	$208,000	42 ft
4325 2ND AVE S MINNEAPOLIS MN 55409	MOHAMMAD RIAZ/ATRA MOHAMED	RESIDENTIAL	$326,900	42 ft
4315 2ND AVE S MINNEAPOLIS MN 55409	ETHAN H PETTIBONE	RESIDENTIAL	$199,000	81 ft
4329 2ND AVE S MINNEAPOLIS MN 55409	STEVEN R JOHNSON	RESIDENTIAL	$252,300	81 ft
4309 2ND AVE S MINNEAPOLIS MN 55409	R & W STROMAN	RESIDENTIAL	$172,700	121 ft
4333 2ND AVE S MINNEAPOLIS MN 55409	MANUAL PIZHA PINGUIL	RESIDENTIAL	$260,300	124 ft
4316 3RD AVE S MINNEAPOLIS MN 55409	CLARICE ANN BRADLEY REV TR	RESIDENTIAL	$315,400	144 ft
4312 3RD AVE S MINNEAPOLIS MN 55409	KOU LEE	RESIDENTIAL	$272,000	146 ft
4320 3RD AVE S MINNEAPOLIS MN 55409	MYSTER LIVING TRUST	RESIDENTIAL	$329,300	160 ft
4305 2ND AVE S MINNEAPOLIS MN 55409	MATTHEW SAHNOW	RESIDENTIAL	$263,700	162 ft

Property History

Current Tax Year

Year2026

Tax Due$3,035