4549 1ST AVE S MINNEAPOLIS MN 55419

PID: 1002824430099

Property Overview

Parcel ID1002824430099

Lot Size5,469 sq ft (0.126 ac)

Lot Dimensions (est.)130 ft wide × 42 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerSETH ROYCE

Assessed Value$641,100

Land Value$135,000

Building Value$506,100

Annual Tax$10,420

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: Jan 2023 (res)

ResJan 2023Expired

MN Plumbing & Home Services 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth90 ft

Area~2,886 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 2,886 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4545 1ST AVE S MINNEAPOLIS MN 55419	BRENT D LIEN	RESIDENTIAL	$239,500	42 ft
4553 1ST AVE S MINNEAPOLIS MN 55419	J A ERICKSON & L ERICKSON	RESIDENTIAL	$319,200	44 ft
4541 1ST AVE S MINNEAPOLIS MN 55419	FORREST HOPPER/GRETA SHOMPER	RESIDENTIAL	$312,500	84 ft
4537 1ST AVE S MINNEAPOLIS MN 55419	KRISTIN HODNEFIELD	RESIDENTIAL	$262,300	126 ft
4548 STEVENS AVE MINNEAPOLIS MN 55419	J L PETERSON 2019 FM HLDS TR	RESIDENTIAL-TWO UNIT	$345,900	142 ft
24 46TH ST E MINNEAPOLIS MN 55419	F MACHADO & S MACHADO	RESIDENTIAL	$247,500	148 ft
4552 STEVENS AVE MINNEAPOLIS MN 55419	OLU'S LLC	RESIDENTIAL-TWO UNIT	$450,600	148 ft
4544 STEVENS AVE MINNEAPOLIS MN 55419	C AMUNDSON-MUNOZ ET AL	RESIDENTIAL	$252,600	149 ft
4601 1ST AVE S MINNEAPOLIS MN 55419	ROBERT J GEPHART	RESIDENTIAL	$418,400	156 ft
4540 STEVENS AVE MINNEAPOLIS MN 55419	SHAWN R DAVIS	RESIDENTIAL	$282,600	166 ft

Property History

Most Recent Sale

Date202204

Price$519,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,420