4230 1ST AVE S MINNEAPOLIS MN 55409

PID: 1002824420136

Property Overview

Parcel ID1002824420136

Lot Size5,075 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerPATRICK J KULISHECK

Assessed Value$290,600

Land Value$128,000

Building Value$162,600

Annual Tax$4,212

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 2021 · $21K total declared value · Most recent: Jul 2023 (addition)

AdditionJul 2023Closed

$21K

DS BAHR CONSTRUCTION INC

ResDec 2021Closed

Warners Stellian Co Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth87 ft

Area~2,605 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 small multifamily (2–4 units, wood frame) benchmarks for 2,605 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4226 1ST AVE S MINNEAPOLIS MN 55409	AMANDA J WICKLUND	RESIDENTIAL	$248,400	40 ft
4236 1ST AVE S MINNEAPOLIS MN 55409	AFFORDABLE GREEN HOMES LLC	RESIDENTIAL-TWO UNIT	$350,000	40 ft
4222 1ST AVE S MINNEAPOLIS MN 55409	J T MCDUFFIE & K E MCDUFFIE	RESIDENTIAL	$339,200	80 ft
4238 1ST AVE S MINNEAPOLIS MN 55409	COURTNEY N HAUBOLDT	RESIDENTIAL	$317,400	80 ft
4218 1ST AVE S MINNEAPOLIS MN 55409	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	120 ft
4242 1ST AVE S MINNEAPOLIS MN 55409	T D ALBERT & L L BARTLETT	RESIDENTIAL	$347,500	120 ft
4233 NICOLLET AVE MINNEAPOLIS MN 55409	J A HORNIG & S K HORNIG	APARTMENT	$1,100,000	138 ft
4227 NICOLLET AVE MINNEAPOLIS MN 55409	ZACHARY ROBBINS	CONDOMINIUM	$91,500	150 ft
4227 NICOLLET AVE MINNEAPOLIS MN 55409	JUSTIN EDGAR FREY	CONDOMINIUM	$136,200	150 ft
4227 NICOLLET AVE MINNEAPOLIS MN 55409	DANA LARSON	CONDOMINIUM	$159,100	150 ft

Property History

Most Recent Sale

Date199512

Price$64,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,212