4549 2ND AVE S MINNEAPOLIS MN 55419

PID: 1002824430158

Property Overview

Parcel ID1002824430158

Lot Size5,405 sq ft (0.124 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerELIZABETH J HILL

Assessed Value$190,100

Land Value$90,000

Building Value$100,100

Annual Tax$2,932

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: Oct 2017 (existres)

ExistresOct 2017Closed

Marsh Heating & Air Conditioning Co Inc

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

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 depth89 ft

Area~2,837 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 2,837 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
4545 2ND AVE S MINNEAPOLIS MN 55419	MADISON AVE HOMES LLC	RESIDENTIAL	$251,400	42 ft
4553 2ND AVE S MINNEAPOLIS MN 55419	PARK AVE HOMES LLC	RESIDENTIAL	$243,000	44 ft
4541 2ND AVE S MINNEAPOLIS MN 55419	T V REICHERT & S G REICHERT	RESIDENTIAL	$272,600	84 ft
4537 2ND AVE S MINNEAPOLIS MN 55419	JOSEPH HAMAKER	RESIDENTIAL	$314,000	126 ft
4548 3RD AVE S MINNEAPOLIS MN 55419	MATTHEW FLEENER/SARAH DEURR	RESIDENTIAL	$262,000	140 ft
220 46TH ST E MINNEAPOLIS MN 55419	RENE RUIZ-OLIVAR ET AL	RESIDENTIAL	$292,000	146 ft
4544 3RD AVE S MINNEAPOLIS MN 55419	GERMAN ANALCO	RESIDENTIAL	$241,000	147 ft
4601 2ND AVE S MINNEAPOLIS MN 55419	LESLIE NICOLE YORK TRUST	RESIDENTIAL	$278,000	155 ft
4540 3RD AVE S MINNEAPOLIS MN 55419	LEANA K DEJESUS	RESIDENTIAL	$267,800	165 ft
4533 2ND AVE S MINNEAPOLIS MN 55419	CONNOR MIENE & EMILY LUTHER	RESIDENTIAL	$302,200	168 ft

Property History

Most Recent Sale

Date198905

Price$34,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,932