4504 1ST AVE S MINNEAPOLIS MN 55419

PID: 1002824430067

Property Overview

Parcel ID1002824430067

Lot Size8,287 sq ft (0.190 ac)

Lot Dimensions (est.)125 ft wide × 66 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerC R AUSTIN & W BLOOM AUSTIN

Assessed Value$397,800

Land Value$156,000

Building Value$241,800

Annual Tax$6,008

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width56 ft

Buildable depth86 ft

Area~4,788 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 4,788 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
4500 1ST AVE S MINNEAPOLIS MN 55419	TIMOTHY NORMAN HANSEN	RESIDENTIAL-TWO UNIT	$427,400	56 ft
4512 1ST AVE S MINNEAPOLIS MN 55419	DONALD E LAUFENBURGER	RESIDENTIAL	$190,300	63 ft
4516 1ST AVE S MINNEAPOLIS MN 55419	DONALD LAUFENBURGER	RESIDENTIAL	$222,100	114 ft
4505 NICOLLET AVE MINNEAPOLIS MN 55419	PAUL THOMAS INVESTMENTS LLC	COMMERCIAL-PREFERRED	$435,000	138 ft
4509 NICOLLET AVE MINNEAPOLIS MN 55419	MARY BETH KJORNES	RESIDENTIAL	$262,600	141 ft
4501 NICOLLET AVE MINNEAPOLIS MN 55419	SECANT LLC	COMMERCIAL-PREFERRED	$302,000	149 ft
4520 1ST AVE S MINNEAPOLIS MN 55419	T K GREY & M R HASTINGS	RESIDENTIAL	$217,000	156 ft
4515 NICOLLET AVE MINNEAPOLIS MN 55419	KIRK WHITEHILL OLSEN	RESIDENTIAL	$342,600	156 ft
4454 1ST AVE S MINNEAPOLIS MN 55419	DANIEL DAUTH & JILLEEN DAUTH	RESIDENTIAL	$438,000	161 ft
4517 NICOLLET AVE MINNEAPOLIS MN 55419	SANDRA ARIS	RESIDENTIAL-TWO UNIT	$386,300	180 ft

Property History

Most Recent Sale

Date198504

Price$59,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,008