4537 2ND AVE S MINNEAPOLIS MN 55419

PID: 1002824430161

Property Overview

Parcel ID1002824430161

Lot Size5,409 sq ft (0.124 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerJOSEPH HAMAKER

Assessed Value$314,000

Land Value$90,000

Building Value$224,000

Annual Tax$4,587

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

7 permits on record since 2017 · $36K total declared value · Most recent: May 2025 (misc)

MiscMay 2025Closed

$12K

KAUFMAN SHEET METAL ROOFING INC

ExistresNov 2023Closed

Ray N Welter Heating Co

RemodelJun 2022Closed

$15K

URBAN CONSTRUCTION LLC

ExistresMar 2022Closed

SPI Mechanical LLC

ResMar 2022Closed

BRIAN KALLIOINEN

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

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 depth89 ft

Area~2,840 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 2,840 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
4541 2ND AVE S MINNEAPOLIS MN 55419	T V REICHERT & S G REICHERT	RESIDENTIAL	$272,600	42 ft
4533 2ND AVE S MINNEAPOLIS MN 55419	CONNOR MIENE & EMILY LUTHER	RESIDENTIAL	$302,200	42 ft
4545 2ND AVE S MINNEAPOLIS MN 55419	MADISON AVE HOMES LLC	RESIDENTIAL	$251,400	84 ft
4529 2ND AVE S MINNEAPOLIS MN 55419	ERIN ALEXIS LAWRENCE	RESIDENTIAL	$361,100	84 ft
4525 2ND AVE S MINNEAPOLIS MN 55419	LEAH BAILEY & SAMUEL BAILEY	RESIDENTIAL	$354,000	126 ft
4549 2ND AVE S MINNEAPOLIS MN 55419	ELIZABETH J HILL	RESIDENTIAL	$190,100	126 ft
4536 3RD AVE S MINNEAPOLIS MN 55419	CHHAVY NEANG CODY	RESIDENTIAL	$294,500	140 ft
4540 3RD AVE S MINNEAPOLIS MN 55419	LEANA K DEJESUS	RESIDENTIAL	$267,800	146 ft
4532 3RD AVE S MINNEAPOLIS MN 55419	DJANA GACAJ	RESIDENTIAL	$305,700	147 ft
4544 3RD AVE S MINNEAPOLIS MN 55419	GERMAN ANALCO	RESIDENTIAL	$241,000	162 ft

Property History

Most Recent Sale

Date202301

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,587