4517 4TH AVE S MINNEAPOLIS MN 55419

PID: 1002824440167

Property Overview

Parcel ID1002824440167

Lot Size5,175 sq ft (0.119 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerAHMED SHEIKH ALI

Assessed Value$195,100

Land Value$105,000

Building Value$90,100

Annual Tax$3,009

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 2025 · $15K total declared value · Most recent: Feb 2025 (remodel)

RemodelFeb 2025Inspection

$15K

EULEX BUILDERS

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 depth89 ft

Area~2,681 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 2,681 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
4515 4TH AVE S MINNEAPOLIS MN 55419	CHRISTINE KAO	RESIDENTIAL	$320,700	40 ft
4525 4TH AVE S MINNEAPOLIS MN 55419	PUNJAB HOLDINGS LLC	APARTMENT	$612,000	60 ft
4509 4TH AVE S MINNEAPOLIS MN 55419	RHIANNON TIPPERY	RESIDENTIAL	$286,800	80 ft
4529 4TH AVE S MINNEAPOLIS MN 55419	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	120 ft
4505 4TH AVE S MINNEAPOLIS MN 55419	MARLENE MUEHLBAUER	RESIDENTIAL	$275,100	120 ft
4516 5TH AVE S MINNEAPOLIS MN 55419	HOME PROPERTIES LLC	RESIDENTIAL	$236,800	143 ft
4520 5TH AVE S MINNEAPOLIS MN 55419	L SOMERVILLE & J GUNDERSON	RESIDENTIAL	$348,600	147 ft
4512 5TH AVE S MINNEAPOLIS MN 55419	ER SOLUTIONS LLC	RESIDENTIAL	$265,100	149 ft
4501 4TH AVE S MINNEAPOLIS MN 55419	ARLE J BULLERT	RESIDENTIAL	$249,000	158 ft
4533 4TH AVE S MINNEAPOLIS MN 55419	LOURDES BUENO	RESIDENTIAL	$286,800	160 ft

Property History

Most Recent Sale

Date202411

Price$148,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,009