4509 CLINTON AVE MINNEAPOLIS MN 55419

PID: 1002824440144

Property Overview

Parcel ID1002824440144

Lot Size5,177 sq ft (0.119 ac)

Lot Dimensions (est.)130 ft wide × 40 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerS GERSTER & J GERSTER

Assessed Value$318,300

Land Value$111,000

Building Value$207,300

Annual Tax$4,658

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

1 permit on record since 2022 · Most recent: May 2022 (existres)

ExistresMay 2022Closed

Ray N Welter Heating Co

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 width30 ft

Buildable depth89 ft

Area~2,682 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 2,682 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4513 CLINTON AVE MINNEAPOLIS MN 55419	SAMMY LEE TIMS	RESIDENTIAL	$311,900	40 ft
4505 CLINTON AVE MINNEAPOLIS MN 55419	CHRISTOPHER J WOOD	RESIDENTIAL	$323,800	40 ft
321 45TH ST E MINNEAPOLIS MN 55419	SHIRLEE L CALLENDER	RESIDENTIAL	$352,600	78 ft
4517 CLINTON AVE MINNEAPOLIS MN 55419	SFR BORROWER 2021-2 LLC ETAL	RESIDENTIAL	$342,100	80 ft
4521 CLINTON AVE MINNEAPOLIS MN 55419	MARLEEN M SOBSZAK TRUST	RESIDENTIAL	$292,800	120 ft
4508 4TH AVE S MINNEAPOLIS MN 55419	KI 4TH AVENUE LLC	RESIDENTIAL-TWO UNIT	$282,500	143 ft
4512 4TH AVE S MINNEAPOLIS MN 55419	J L JIMENEZ & H JIMENEZ	RESIDENTIAL	$230,900	148 ft
4504 4TH AVE S MINNEAPOLIS MN 55419	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	149 ft
4525 CLINTON AVE MINNEAPOLIS MN 55419	JENNIFER K VREELAND	RESIDENTIAL	$343,300	160 ft
4516 4TH AVE S MINNEAPOLIS MN 55419	CHARLES R RIVERS	RESIDENTIAL	$268,000	162 ft

Property History

Most Recent Sale

Date201203

Price$177,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,658