4405 1ST AVE S MINNEAPOLIS MN 55419

PID: 1002824430013

Property Overview

Parcel ID1002824430013

Lot Size5,504 sq ft (0.126 ac)

Lot Dimensions (est.)131 ft wide × 42 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerA BURGESS & S ELTAHIR

Assessed Value$325,700

Land Value$136,000

Building Value$189,700

Annual Tax$4,801

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

4 permits on record since 2019 · Most recent: Aug 2025 (res)

ResAug 2025Closed

Hero Home Services LLC

ResSep 2023Closed

FFM LLC

ResMay 2023Closed

Perfection Plumbing LLC

ExistresMay 2019Closed

CenterPoint Energy Resource Corp

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 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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 width32 ft

Buildable depth91 ft

Area~2,912 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 2,912 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4409 1ST AVE S MINNEAPOLIS MN 55419	JAMES E GRAHAM ETAL	RESIDENTIAL	$297,000	42 ft
4401 1ST AVE S MINNEAPOLIS MN 55419	E GROEBEL & K CORCORAN	RESIDENTIAL	$447,400	42 ft
4413 1ST AVE S MINNEAPOLIS MN 55419	S K WOOD & C P KRUMRIE TRS	RESIDENTIAL	$251,100	84 ft
4417 1ST AVE S MINNEAPOLIS MN 55419	AMY JOE GRACYALNY	RESIDENTIAL	$294,300	126 ft
4404 STEVENS AVE MINNEAPOLIS MN 55419	PETER J NOSS	RESIDENTIAL	$310,700	143 ft
4408 STEVENS AVE MINNEAPOLIS MN 55419	SARINA E LAMARCHE	RESIDENTIAL	$236,600	148 ft
4400 STEVENS AVE MINNEAPOLIS MN 55419	JEFFREY S CHAPMAN	RESIDENTIAL	$204,600	150 ft
4412 STEVENS AVE MINNEAPOLIS MN 55419	KARA POWERS	RESIDENTIAL	$275,200	164 ft
4421 1ST AVE S MINNEAPOLIS MN 55419	RYAN ROSS & ERIKA ROSS	RESIDENTIAL	$285,700	168 ft
4351 1ST AVE S MINNEAPOLIS MN 55409	H M BEYER & C M OCONNOR	RESIDENTIAL	$304,700	169 ft

Property History

Most Recent Sale

Date202408

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,801