4308 PARK AVE MINNEAPOLIS MN 55407

PID: 1102824320179

Property Overview

Parcel ID1102824320179

Lot Size8,769 sq ft (0.201 ac)

Lot Dimensions (est.)117 ft wide × 75 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerJEAN L HANSEN

Assessed Value$350,900

Land Value$147,000

Building Value$203,900

Annual Tax$5,202

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

2 permits on record since 2020 · $8K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Expired

$8K

RENEWAL BY ANDERSEN CORP

ResOct 2020Closed

WOODLAND STOVES & FIREPLACES

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 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 width65 ft

Buildable depth77 ft

Area~4,993 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 4,993 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4316 PARK AVE MINNEAPOLIS MN 55407	MCCARY MITCHELL	RESIDENTIAL	$240,300	60 ft
4304 PARK AVE MINNEAPOLIS MN 55407	LAURA M FORD	RESIDENTIAL	$338,200	76 ft
4320 PARK AVE MINNEAPOLIS MN 55407	CHRISTOPHER C ALBERTSON	RESIDENTIAL	$262,000	103 ft
4309 OAKLAND AVE MINNEAPOLIS MN 55407	DAYLE SMITH MURPHY	RESIDENTIAL	$426,200	131 ft
4315 OAKLAND AVE MINNEAPOLIS MN 55407	LAURA ZUBUHR & JANA SHORTAL	RESIDENTIAL	$443,300	133 ft
4305 OAKLAND AVE MINNEAPOLIS MN 55407	A BURTON & ANNA TAFF BURTON	RESIDENTIAL	$318,300	142 ft
4324 PARK AVE MINNEAPOLIS MN 55407	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	143 ft
4317 OAKLAND AVE MINNEAPOLIS MN 55407	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	145 ft
4301 OAKLAND AVE MINNEAPOLIS MN 55407	KATHERINE OURIN/SAMSAK OURIN	RESIDENTIAL	$232,100	161 ft
4321 OAKLAND AVE MINNEAPOLIS MN 55407	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	167 ft

Property History

Most Recent Sale

Date200008

Price$179,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,202