4323 1ST AVE S MINNEAPOLIS MN 55409

PID: 1002824420068

Property Overview

Parcel ID1002824420068

Lot Size5,216 sq ft (0.120 ac)

Lot Dimensions (est.)130 ft wide × 40 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerCATHERINE P STEARNS

Assessed Value$314,500

Land Value$133,000

Building Value$181,500

Annual Tax$4,613

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

King Field · Minneapolis

Median reported rent1,545/mo

Renter-occupied24.2%

Median home value$360K

Vacancy rate1.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1108

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 depth90 ft

Area~2,711 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 2,711 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
4327 1ST AVE S MINNEAPOLIS MN 55409	LAUREN GANTNER	RESIDENTIAL	$306,200	40 ft
4319 1ST AVE S MINNEAPOLIS MN 55409	STEVEN M KELSVEN	RESIDENTIAL	$311,800	40 ft
4315 1ST AVE S MINNEAPOLIS MN 55409	G & C LEDBETTER	RESIDENTIAL	$309,500	79 ft
4331 1ST AVE S MINNEAPOLIS MN 55409	S Q YOUNGDAHL & R FYFE	RESIDENTIAL	$350,300	80 ft
4313 1ST AVE S MINNEAPOLIS MN 55409	D L NORBY & J M GRAHAM	RESIDENTIAL	$433,300	116 ft
4335 1ST AVE S MINNEAPOLIS MN 55409	K GILBERTSON/F J GILBERTSON	RESIDENTIAL	$497,000	120 ft
4322 STEVENS AVE MINNEAPOLIS MN 55409	G M GALLAGHER/J M GALLAGHER	RESIDENTIAL	$216,100	144 ft
4326 STEVENS AVE MINNEAPOLIS MN 55409	CLINTON D SIMONSON	RESIDENTIAL	$296,700	149 ft
4318 STEVENS AVE MINNEAPOLIS MN 55409	SAMUEL P ROSCH	RESIDENTIAL	$227,900	150 ft
4311 1ST AVE S MINNEAPOLIS MN 55409	SARA KELLOGG & ERIC KELLOGG	RESIDENTIAL	$325,300	153 ft

Property History

Most Recent Sale

Date201109

Price$141,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,613