4400 1ST AVE S MINNEAPOLIS MN 55419

PID: 1002824430015

Property Overview

Parcel ID1002824430015

Lot Size5,393 sq ft (0.124 ac)

Lot Dimensions (est.)126 ft wide × 43 ft deep

Year Built1927

Property ClassRESIDENTIAL-TWO UNIT

OwnerWILLIAM L CRAIN JR REV TRUST

Assessed Value$492,200

Land Value$132,000

Building Value$360,200

Annual Tax$9,348

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 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

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

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth3 ft

Area~2,563 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 2,563 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
4404 1ST AVE S MINNEAPOLIS MN 55419	KAREN A FEIT	RESIDENTIAL	$334,500	42 ft
4408 1ST AVE S MINNEAPOLIS MN 55419	L R SANCHEZ & V O DE RUIZ	RESIDENTIAL-TWO UNIT	$409,000	85 ft
4412 1ST AVE S MINNEAPOLIS MN 55419	A L ANDERSON & T W ANDERSON	RESIDENTIAL	$376,900	127 ft
4350 1ST AVE S MINNEAPOLIS MN 55409	ANDREW KASPER	RESIDENTIAL	$351,500	128 ft
14 44TH ST E MINNEAPOLIS MN 55409	B R SCHIMKE & N M CRAVENS	RESIDENTIAL	$219,100	129 ft
4401 NICOLLET AVE MINNEAPOLIS MN 55419	NICOLLET STREET LLC	COMMERCIAL-PREFERRED	$629,000	140 ft
4409 NICOLLET AVE MINNEAPOLIS MN 55419	MATTHEW KNIP/EQUITY TRUST CO	APARTMENT	$730,500	162 ft
4346 1ST AVE S MINNEAPOLIS MN 55409	MARNI E & SEAN D THOMAS	RESIDENTIAL	$515,600	168 ft
4416 1ST AVE S MINNEAPOLIS MN 55419	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$368,000	169 ft
4401 1ST AVE S MINNEAPOLIS MN 55419	E GROEBEL & K CORCORAN	RESIDENTIAL	$447,400	188 ft

Property History

Current Tax Year

Year2026

Tax Due$9,348