4429 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1002824430167

Property Overview

Parcel ID1002824430167

Lot Size35,269 sq ft (0.810 ac)

Lot Dimensions (est.)126 ft wide × 280 ft deep

Year Built1921

Property ClassAPARTMENT

OwnerNICOLLET AVENUE APART LLC

Assessed Value$3,850,000

Land Value$705,400

Building Value$3,144,600

Annual Tax$73,614

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

5 permits on record since 2002 · $934K total declared value · Most recent: May 2024 (roofwind)

RoofwindMay 2024Closed

$2K

PCS RESIDENTIAL

RemodelApr 2024Inspection

$5K

Chacon Contracting

Commercial MinorOct 2023Closed

All Ways Drains Ltd

RoofwindAug 2019Closed

$75K

WALKER ROOFING CO

Building Re-inspectionJun 2002

$852K

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

CM2Corridor Mixed Use

Property History

Most Recent Sale

Date202512

Price$3,048,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$73,614

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4436 1ST AVE S MINNEAPOLIS MN 55419	ANNA RYSAVY & RYAN BRINK	RESIDENTIAL	$344,900	133 ft
4432 1ST AVE S MINNEAPOLIS MN 55419	CONNIE N ECKLUND	RESIDENTIAL	$315,100	139 ft
4440 1ST AVE S MINNEAPOLIS MN 55419	ELIZABETH A FINE	RESIDENTIAL	$261,400	140 ft
6 45TH ST E MINNEAPOLIS MN 55419	THE HEALING HOUSE LLC	RESIDENTIAL	$280,500	152 ft
4428 1ST AVE S MINNEAPOLIS MN 55419	D S D L GOMEZ-PORRO ET AL	RESIDENTIAL	$361,300	156 ft
4444 1ST AVE S MINNEAPOLIS MN 55419	A S ZACHOW & M H ZACHOW	RESIDENTIAL	$245,400	159 ft
4453 NICOLLET AVE MINNEAPOLIS MN 55419	NICOLLET 45 PROPERTIES LLC	COMMERCIAL-PREFERRED	$425,000	159 ft
4421 NICOLLET AVE MINNEAPOLIS MN 55419	BRS REALTY HOLDINGS LLC	RESIDENTIAL	$410,000	164 ft
4424 1ST AVE S MINNEAPOLIS MN 55419	E L OAKLEY & N D LONG	RESIDENTIAL	$378,400	182 ft
4448 1ST AVE S MINNEAPOLIS MN 55419	JEFFREY HYYPIO/EMILY HYYPIO	RESIDENTIAL	$335,100	185 ft