4401 2ND AVE S MINNEAPOLIS MN 55419

PID: 1002824430119

Property Overview

Parcel ID1002824430119

Lot Size3,723 sq ft (0.085 ac)

Lot Dimensions (est.)88 ft wide × 43 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerN A PADILLA & D LIN

Assessed Value$211,900

Land Value$73,000

Building Value$138,900

Annual Tax$2,883

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

2 permits on record since 2017 · Most recent: May 2020 (res)

ResMay 2020Closed

CHAMPION PLUMBING LLC

ResJan 2017Closed

CENTERPOINT ENERGY

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Regina · Minneapolis

Median reported rent1,858/mo

Renter-occupied11.4%

Median home value$326K

Vacancy rate2.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1109

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width75 ft

Buildable depth3 ft

Area~1,402 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 sfr / adu benchmarks for 1,402 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4405 2ND AVE S MINNEAPOLIS MN 55419	L O WRIGHT & L L WRIGHT	RESIDENTIAL	$201,700	42 ft
211 44TH ST E MINNEAPOLIS MN 55409	ROBERT E WOLF	RESIDENTIAL	$251,800	68 ft
4409 2ND AVE S MINNEAPOLIS MN 55419	W & A WILSON	RESIDENTIAL	$324,000	87 ft
4355 2ND AVE S MINNEAPOLIS MN 55409	ANDREW FREY	RESIDENTIAL	$315,300	121 ft
4415 2ND AVE S MINNEAPOLIS MN 55419	L BAILEY & R WINGROVE	RESIDENTIAL	$313,400	128 ft
4349 2ND AVE S MINNEAPOLIS MN 55409	K M R BELLIDO/J B BUSTAMANTE	RESIDENTIAL	$271,700	161 ft
4400 3RD AVE S MINNEAPOLIS MN 55419	PATRICIA CARLSON	RESIDENTIAL	$423,200	162 ft
4404 3RD AVE S MINNEAPOLIS MN 55419	WILLIAM LAURSEN 4404 LLC	RESIDENTIAL	$328,600	167 ft
4417 2ND AVE S MINNEAPOLIS MN 55419	LISA WEBER	RESIDENTIAL	$303,000	169 ft
4408 3RD AVE S MINNEAPOLIS MN 55419	DUSTIN DERTINGER	RESIDENTIAL	$257,600	181 ft

Property History

Most Recent Sale

Date202204

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,883