4220 PARK AVE MINNEAPOLIS MN 55407

PID: 1102824320014

Property Overview

Parcel ID1102824320014

Lot Size4,657 sq ft (0.107 ac)

Lot Dimensions (est.)117 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerJ H JONES JR/R M FORD ET AL

Assessed Value$322,700

Land Value$111,000

Building Value$211,700

Annual Tax$4,732

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 2019 · $6K total declared value · Most recent: Oct 2019 (misc)

MiscOct 2019Closed

$6K

Minnesota Rusco Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

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 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth76 ft

Area~2,292 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 sfr / adu benchmarks for 2,292 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4216 PARK AVE MINNEAPOLIS MN 55407	NAWAL BENSAAD	RESIDENTIAL	$411,800	40 ft
4224 PARK AVE MINNEAPOLIS MN 55407	STEPHANIE A DICKSON	RESIDENTIAL	$272,700	40 ft
4212 PARK AVE MINNEAPOLIS MN 55407	SHARRON D AKEN	RESIDENTIAL	$312,800	80 ft
4228 PARK AVE MINNEAPOLIS MN 55407	KEN MCCRALEY	RESIDENTIAL	$314,300	80 ft
4208 PARK AVE MINNEAPOLIS MN 55407	SUSAN E ESBJORNSON	RESIDENTIAL	$262,700	120 ft
4232 PARK AVE MINNEAPOLIS MN 55407	BRITTANY L NELSON	RESIDENTIAL	$327,600	120 ft
4221 OAKLAND AVE MINNEAPOLIS MN 55407	KELLY SCHMIDT	RESIDENTIAL	$311,900	130 ft
4217 OAKLAND AVE MINNEAPOLIS MN 55407	TYLER PONOZZO	RESIDENTIAL	$286,800	135 ft
4225 OAKLAND AVE MINNEAPOLIS MN 55407	EVA M KLUG	RESIDENTIAL	$370,400	136 ft
4215 OAKLAND AVE MINNEAPOLIS MN 55407	C B ELDER & M ELDER	RESIDENTIAL	$303,100	152 ft

Property History

Current Tax Year

Year2026

Tax Due$4,732