4404 1ST AVE S MINNEAPOLIS MN 55419

PID: 1002824430016

Property Overview

Parcel ID1002824430016

Lot Size5,294 sq ft (0.122 ac)

Lot Dimensions (est.)126 ft wide × 42 ft deep

Year Built1902

Property ClassRESIDENTIAL

OwnerKAREN A FEIT

Assessed Value$334,500

Land Value$131,000

Building Value$203,500

Annual Tax$4,948

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

1 permit on record since 2025 · Most recent: Oct 2025 (res)

ResOct 2025Inspection

Plumbing West 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 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth86 ft

Area~2,752 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 2,752 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4400 1ST AVE S MINNEAPOLIS MN 55419	WILLIAM L CRAIN JR REV TRUST	RESIDENTIAL-TWO UNIT	$492,200	42 ft
4408 1ST AVE S MINNEAPOLIS MN 55419	L R SANCHEZ & V O DE RUIZ	RESIDENTIAL-TWO UNIT	$409,000	42 ft
4412 1ST AVE S MINNEAPOLIS MN 55419	A L ANDERSON & T W ANDERSON	RESIDENTIAL	$376,900	84 ft
4416 1ST AVE S MINNEAPOLIS MN 55419	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$368,000	126 ft
4401 NICOLLET AVE MINNEAPOLIS MN 55419	NICOLLET STREET LLC	COMMERCIAL-PREFERRED	$629,000	139 ft
4409 NICOLLET AVE MINNEAPOLIS MN 55419	MATTHEW KNIP/EQUITY TRUST CO	APARTMENT	$730,500	144 ft
4415 NICOLLET AVE MINNEAPOLIS MN 55419	4415 LAND COMPANY LLC	COMMERCIAL-PREFERRED	$535,000	162 ft
4420 1ST AVE S MINNEAPOLIS MN 55419	HEIDI CHRISTINE MATHESON	RESIDENTIAL	$278,800	168 ft
14 44TH ST E MINNEAPOLIS MN 55409	B R SCHIMKE & N M CRAVENS	RESIDENTIAL	$219,100	170 ft
4350 1ST AVE S MINNEAPOLIS MN 55409	ANDREW KASPER	RESIDENTIAL	$351,500	170 ft

Property History

Current Tax Year

Year2026

Tax Due$4,948