4545 3RD AVE S MINNEAPOLIS MN 55419

PID: 1002824440116

Property Overview

Parcel ID1002824440116

Lot Size5,106 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerKAY F ALEXANDER

Assessed Value$317,000

Land Value$97,000

Building Value$220,000

Annual Tax$4,637

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

3 permits on record since 2017 · $3K total declared value · Most recent: Mar 2023 (existres)

ExistresMar 2023Closed

CENTERPOINT ENERGY

MiscJul 2019Closed

$3K

TRADITION ROOFING AND EXTERIORS

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 width30 ft

Buildable depth88 ft

Area~2,629 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 2,629 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4549 3RD AVE S MINNEAPOLIS MN 55419	RENE RUIZ-OLIVAR	RESIDENTIAL	$327,700	40 ft
4541 3RD AVE S MINNEAPOLIS MN 55419	CHURCH OF ST JOAN OF ARC/MPL	RESIDENTIAL	$0	40 ft
4553 3RD AVE S MINNEAPOLIS MN 55419	BRYAN FRANK	RESIDENTIAL	$261,000	80 ft
4557 3RD AVE S MINNEAPOLIS MN 55419	R URIBE & E ANDRADE-ANALCO	RESIDENTIAL	$204,000	120 ft
4544 CLINTON AVE MINNEAPOLIS MN 55419	E K G ROJAS & L A P GONZALEZ	RESIDENTIAL	$277,800	141 ft
4548 CLINTON AVE MINNEAPOLIS MN 55419	MARIE A PIERRE	RESIDENTIAL	$271,000	146 ft
4552 CLINTON AVE MINNEAPOLIS MN 55419	CRYSTAL D HUGULEY	RESIDENTIAL	$294,100	161 ft
316 46TH ST E MINNEAPOLIS MN 55419	JAMES A KAMISH	RESIDENTIAL	$292,600	183 ft
4540 3RD AVE S MINNEAPOLIS MN 55419	LEANA K DEJESUS	RESIDENTIAL	$267,800	194 ft
4544 3RD AVE S MINNEAPOLIS MN 55419	GERMAN ANALCO	RESIDENTIAL	$241,000	197 ft

Property History

Most Recent Sale

Date198309

Price$48,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,637