4548 PARK AVE MINNEAPOLIS MN 55407

PID: 1102824330129

Property Overview

Parcel ID1102824330129

Lot Size4,712 sq ft (0.108 ac)

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

Year Built1929

Property ClassRESIDENTIAL

OwnerBLAKE M PARNIN

Assessed Value$313,600

Land Value$112,000

Building Value$201,600

Annual Tax$4,580

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

4 permits on record since 2018 · $11K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$11K

ESTATE CLAIM SERVICES LLC

ExistresApr 2022Closed

CENTERPOINT ENERGY

ResFeb 2019Closed

Warners Stellian Co Inc

ResAug 2018Closed

MN PLUMBING AND APPLIANCES

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

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 depth78 ft

Area~2,333 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 2,333 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4544 PARK AVE MINNEAPOLIS MN 55407	COLE J LOVING	RESIDENTIAL	$306,300	40 ft
4552 PARK AVE MINNEAPOLIS MN 55407	DAMON H BALTAZAR	RESIDENTIAL	$351,600	40 ft
4556 PARK AVE MINNEAPOLIS MN 55407	S A SMIRNOV & N P SMIRNOVA	RESIDENTIAL	$392,700	76 ft
4540 PARK AVE MINNEAPOLIS MN 55407	JERROLD W BROSIOUS	RESIDENTIAL	$314,000	80 ft
4536 PARK AVE MINNEAPOLIS MN 55407	JAMES E COPLEY III	RESIDENTIAL	$277,700	120 ft
4549 OAKLAND AVE MINNEAPOLIS MN 55407	D MONTGOMERY & J MONTGOMERY	RESIDENTIAL	$479,600	132 ft
4545 OAKLAND AVE MINNEAPOLIS MN 55407	E M GAGE & M L LINNEMANN	RESIDENTIAL	$472,400	136 ft
4557 OAKLAND AVE MINNEAPOLIS MN 55407	MARGUERITE V BUTLER	RESIDENTIAL	$335,900	148 ft
4541 OAKLAND AVE MINNEAPOLIS MN 55407	V J QUNITANA & R J GOOLEY	RESIDENTIAL	$344,100	153 ft
4532 PARK AVE MINNEAPOLIS MN 55407	R J FOLEY III & J M FOLEY	RESIDENTIAL	$370,600	160 ft

Property History

Most Recent Sale

Date201806

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,580