4505 2ND AVE S MINNEAPOLIS MN 55419

PID: 1002824430147

Property Overview

Parcel ID1002824430147

Lot Size5,420 sq ft (0.124 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerS CHYEREZ & C CHYEREZ

Assessed Value$320,100

Land Value$90,000

Building Value$230,100

Annual Tax$6,055

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

4 permits on record since 2017 · $6K total declared value · Most recent: Sep 2019 (existres)

ExistresSep 2019Closed

Ray N Welter Heating Co

RemodelSep 2019Closed

$6K

Star Point LLC

ResJan 2017Closed

CENTERPOINT ENERGY

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth89 ft

Area~2,848 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 2,848 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4509 2ND AVE S MINNEAPOLIS MN 55419	PATRICIA M MARKUN-HEARD ETAL	RESIDENTIAL	$208,100	42 ft
4501 2ND AVE S MINNEAPOLIS MN 55419	J J SETZER & N RAMOS	RESIDENTIAL	$279,800	44 ft
4513 2ND AVE S MINNEAPOLIS MN 55419	JAVELL CLAY	RESIDENTIAL	$287,100	84 ft
4517 2ND AVE S MINNEAPOLIS MN 55419	G M DOMINGUEZ & A RODRIGUEZ	RESIDENTIAL	$307,300	126 ft
4504 3RD AVE S MINNEAPOLIS MN 55419	OAKHAVEN HOUSING LLC	LOW INCOME RENTAL	$281,200	141 ft
4508 3RD AVE S MINNEAPOLIS MN 55419	ALEJANDRINA VASQUEZ CRESPO	RESIDENTIAL	$225,000	146 ft
4453 2ND AVE S MINNEAPOLIS MN 55419	FABIOLA MARTINEZ MENDOZA	RESIDENTIAL	$288,200	148 ft
4500 3RD AVE S MINNEAPOLIS MN 55419	GARY WICK	RESIDENTIAL	$210,900	148 ft
4512 3RD AVE S MINNEAPOLIS MN 55419	CHARLES VOLK	RESIDENTIAL	$187,000	162 ft
4521 2ND AVE S MINNEAPOLIS MN 55419	B E FLEISSNER & T A O'KEEFE	RESIDENTIAL	$245,200	168 ft

Property History

Most Recent Sale

Date201908

Price$217,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,055