4528 1ST AVE S MINNEAPOLIS MN 55419

PID: 1002824430079

Property Overview

Parcel ID1002824430079

Lot Size5,266 sq ft (0.121 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerJOSHUA A SHONKWILER

Assessed Value$349,000

Land Value$130,000

Building Value$219,000

Annual Tax$5,403

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 width32 ft

Buildable depth85 ft

Area~2,731 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 2,731 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
4524 1ST AVE S MINNEAPOLIS MN 55419	J B WUSTMANN & K W MIANULLI	RESIDENTIAL	$300,500	42 ft
4532 1ST AVE S MINNEAPOLIS MN 55419	S O ERICKSON & A S ERICKSON	RESIDENTIAL	$254,200	42 ft
4520 1ST AVE S MINNEAPOLIS MN 55419	T K GREY & M R HASTINGS	RESIDENTIAL	$217,000	84 ft
4536 1ST AVE S MINNEAPOLIS MN 55419	JESSICA VERRALL	RESIDENTIAL	$252,900	84 ft
4516 1ST AVE S MINNEAPOLIS MN 55419	DONALD LAUFENBURGER	RESIDENTIAL	$222,100	126 ft
4540 1ST AVE S MINNEAPOLIS MN 55419	K R DALLUHN & E A DALLUHN	RESIDENTIAL	$237,000	126 ft
4527 NICOLLET AVE MINNEAPOLIS MN 55419	JENNIFER M SEEPERSAUD ET AL	RESIDENTIAL	$192,900	137 ft
4525 NICOLLET AVE MINNEAPOLIS MN 55419	RNW ASSOCIATES LLC	APARTMENT	$775,400	143 ft
4537 NICOLLET AVE MINNEAPOLIS MN 55419	INTI MPLS LLC	COMMERCIAL-PREFERRED	$770,000	151 ft
4521 NICOLLET AVE MINNEAPOLIS MN 55419	BENJAMIN D STEWART	RESIDENTIAL	$311,700	160 ft

Property History

Most Recent Sale

Date200402

Price$181,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,403