4313 1ST AVE S MINNEAPOLIS MN 55409

PID: 1002824420169

Property Overview

Parcel ID1002824420169

Lot Size4,863 sq ft (0.112 ac)

Lot Dimensions (est.)131 ft wide × 37 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerD L NORBY & J M GRAHAM

Assessed Value$433,300

Land Value$128,000

Building Value$305,300

Annual Tax$6,601

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 2018 · $15K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$3K

CREW2 INC

MiscJun 2021Closed

$12K

Precision Exteriors Restoration LLC

ResJan 2018Closed

MN PLUMBING AND APPLIANCES

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

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 width27 ft

Buildable depth91 ft

Area~2,468 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 2,468 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
4311 1ST AVE S MINNEAPOLIS MN 55409	SARA KELLOGG & ERIC KELLOGG	RESIDENTIAL	$325,300	37 ft
4315 1ST AVE S MINNEAPOLIS MN 55409	G & C LEDBETTER	RESIDENTIAL	$309,500	38 ft
4309 1ST AVE S MINNEAPOLIS MN 55409	D M L PEREZ & A V BAUTISTA	RESIDENTIAL	$250,000	74 ft
4319 1ST AVE S MINNEAPOLIS MN 55409	STEVEN M KELSVEN	RESIDENTIAL	$311,800	76 ft
4323 1ST AVE S MINNEAPOLIS MN 55409	CATHERINE P STEARNS	RESIDENTIAL	$314,500	116 ft
4301 1ST AVE S MINNEAPOLIS MN 55409	NEW BEGINNINGS BAPTIST TAB	COMMERCIAL-PREFERRED	$0	130 ft
4312 STEVENS AVE MINNEAPOLIS MN 55409	RONALD T ELLIOTT ET AL	RESIDENTIAL	$238,100	143 ft
4316 STEVENS AVE MINNEAPOLIS MN 55409	TINA R MCCORMICK	RESIDENTIAL	$179,000	148 ft
4310 STEVENS AVE MINNEAPOLIS MN 55409	KATHLYN G STEWART	RESIDENTIAL	$352,800	154 ft
4327 1ST AVE S MINNEAPOLIS MN 55409	LAUREN GANTNER	RESIDENTIAL	$306,200	157 ft

Property History

Most Recent Sale

Date201907

Price$61,301

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$6,601