4432 1ST AVE S MINNEAPOLIS MN 55419

PID: 1002824430028

Property Overview

Parcel ID1002824430028

Lot Size5,285 sq ft (0.121 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerCONNIE N ECKLUND

Assessed Value$315,100

Land Value$131,000

Building Value$184,100

Annual Tax$4,622

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 2023 · Most recent: Feb 2023 (res)

ResFeb 2023Expired

Urban Pine Plumbing and Mechanical 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~2,745 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 2,745 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
4428 1ST AVE S MINNEAPOLIS MN 55419	D S D L GOMEZ-PORRO ET AL	RESIDENTIAL	$361,300	42 ft
4436 1ST AVE S MINNEAPOLIS MN 55419	ANNA RYSAVY & RYAN BRINK	RESIDENTIAL	$344,900	42 ft
4424 1ST AVE S MINNEAPOLIS MN 55419	E L OAKLEY & N D LONG	RESIDENTIAL	$378,400	84 ft
4440 1ST AVE S MINNEAPOLIS MN 55419	ELIZABETH A FINE	RESIDENTIAL	$261,400	84 ft
4420 1ST AVE S MINNEAPOLIS MN 55419	HEIDI CHRISTINE MATHESON	RESIDENTIAL	$278,800	126 ft
4444 1ST AVE S MINNEAPOLIS MN 55419	A S ZACHOW & M H ZACHOW	RESIDENTIAL	$245,400	126 ft
4429 NICOLLET AVE MINNEAPOLIS MN 55419	NICOLLET AVENUE APART LLC	APARTMENT	$3,850,000	139 ft
4416 1ST AVE S MINNEAPOLIS MN 55419	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$368,000	168 ft
4448 1ST AVE S MINNEAPOLIS MN 55419	JEFFREY HYYPIO/EMILY HYYPIO	RESIDENTIAL	$335,100	168 ft
4421 NICOLLET AVE MINNEAPOLIS MN 55419	BRS REALTY HOLDINGS LLC	RESIDENTIAL	$410,000	185 ft

Property History

Most Recent Sale

Date200408

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,622