4448 1ST AVE S MINNEAPOLIS MN 55419

PID: 1002824430032

Property Overview

Parcel ID1002824430032

Lot Size5,280 sq ft (0.121 ac)

Lot Dimensions (est.)125 ft wide × 42 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerJEFFREY HYYPIO/EMILY HYYPIO

Assessed Value$335,100

Land Value$131,000

Building Value$204,100

Annual Tax$4,957

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

5 permits on record since 2018 · $31K total declared value · Most recent: Jan 2026 (res)

ResJan 2026Inspection

Urban Pine Plumbing and Mechanical Inc

ExistresApr 2025Cancelled

CENTERPOINT ENERGY

ExistresMar 2025Final Inspection

CENTERPOINT ENERGY

AccessoryApr 2022Closed

$22K

Jeffrey Hyypio

MiscAug 2018Closed

$9K

MAIN STREET EXTERIORS LLC

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~2,742 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 2,742 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4444 1ST AVE S MINNEAPOLIS MN 55419	A S ZACHOW & M H ZACHOW	RESIDENTIAL	$245,400	42 ft
4454 1ST AVE S MINNEAPOLIS MN 55419	DANIEL DAUTH & JILLEEN DAUTH	RESIDENTIAL	$438,000	42 ft
4440 1ST AVE S MINNEAPOLIS MN 55419	ELIZABETH A FINE	RESIDENTIAL	$261,400	84 ft
4436 1ST AVE S MINNEAPOLIS MN 55419	ANNA RYSAVY & RYAN BRINK	RESIDENTIAL	$344,900	126 ft
6 45TH ST E MINNEAPOLIS MN 55419	THE HEALING HOUSE LLC	RESIDENTIAL	$280,500	139 ft
4500 1ST AVE S MINNEAPOLIS MN 55419	TIMOTHY NORMAN HANSEN	RESIDENTIAL-TWO UNIT	$427,400	147 ft
4432 1ST AVE S MINNEAPOLIS MN 55419	CONNIE N ECKLUND	RESIDENTIAL	$315,100	168 ft
4453 NICOLLET AVE MINNEAPOLIS MN 55419	NICOLLET 45 PROPERTIES LLC	COMMERCIAL-PREFERRED	$425,000	181 ft
4429 NICOLLET AVE MINNEAPOLIS MN 55419	NICOLLET AVENUE APART LLC	APARTMENT	$3,850,000	185 ft
4449 1ST AVE S MINNEAPOLIS MN 55419	FAYE WEAVER	RESIDENTIAL	$335,700	188 ft

Property History

Most Recent Sale

Date201905

Price$308,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,957