4345 PARK AVE MINNEAPOLIS MN 55407

PID: 1102824320153

Property Overview

Parcel ID1102824320153

Lot Size4,719 sq ft (0.108 ac)

Lot Dimensions (est.)118 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerA L WEATHERSBY/L WEATHERSBY

Assessed Value$266,800

Land Value$112,000

Building Value$154,800

Annual Tax$3,800

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

No permits found in Minneapolis open data for this parcel.

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 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 depth78 ft

Area~2,339 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 2,339 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
4349 PARK AVE MINNEAPOLIS MN 55407	VICTOR PEDELTY	RESIDENTIAL	$203,000	40 ft
4341 PARK AVE MINNEAPOLIS MN 55407	E J KRAUSE LYONS/M R JOHNSON	RESIDENTIAL	$450,200	40 ft
4337 PARK AVE MINNEAPOLIS MN 55407	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	80 ft
4355 PARK AVE MINNEAPOLIS MN 55407	4355 PARK AVE LLC	RESIDENTIAL-TWO UNIT	$438,100	89 ft
4333 PARK AVE MINNEAPOLIS MN 55407	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	120 ft
4344 COLUMBUS AVE MINNEAPOLIS MN 55407	SHERON DENISE HORRIS	RESIDENTIAL-TWO UNIT	$375,200	130 ft
4348 COLUMBUS AVE MINNEAPOLIS MN 55407	NICHOLAS HERRMANN	RESIDENTIAL	$278,500	135 ft
4342 COLUMBUS AVE MINNEAPOLIS MN 55407	COLIN LANCASHIRE	RESIDENTIAL	$268,800	136 ft
4336 COLUMBUS AVE MINNEAPOLIS MN 55407	BLACKWOOD INVESTMENT INC	RESIDENTIAL	$231,800	153 ft
4352 COLUMBUS AVE MINNEAPOLIS MN 55407	T M HARRINGTON	RESIDENTIAL-TWO UNIT	$352,200	157 ft

Property History

Most Recent Sale

Date198705

Price$49,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,800