4505 PARK AVE MINNEAPOLIS MN 55407

PID: 1102824330174

Property Overview

Parcel ID1102824330174

Lot Size4,719 sq ft (0.108 ac)

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

Year Built1930

Property ClassRESIDENTIAL

OwnerM A DEADY & M Y LEKAS

Assessed Value$366,700

Land Value$112,000

Building Value$254,700

Annual Tax$5,466

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

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~2,338 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 2,338 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4509 PARK AVE MINNEAPOLIS MN 55407	JOHN L GASPER	RESIDENTIAL	$347,000	40 ft
4501 PARK AVE MINNEAPOLIS MN 55407	A F BUCKETT & D F FLOMO	RESIDENTIAL	$382,600	40 ft
4515 PARK AVE MINNEAPOLIS MN 55407	G SUTHERLAND/L M SUTHERLAND	RESIDENTIAL	$412,000	80 ft
4517 PARK AVE MINNEAPOLIS MN 55407	S KOUANCHAO ET AL	RESIDENTIAL	$353,000	120 ft
4504 COLUMBUS AVE MINNEAPOLIS MN 55407	RENEE J HILL	RESIDENTIAL	$344,100	131 ft
4508 COLUMBUS AVE MINNEAPOLIS MN 55407	P N & K READ	RESIDENTIAL	$284,400	137 ft
4500 COLUMBUS AVE MINNEAPOLIS MN 55407	MARGO A GREUEL	RESIDENTIAL	$270,700	138 ft
4445 PARK AVE MINNEAPOLIS MN 55407	MICHELE LYNN VAN VRANKEN	RESIDENTIAL	$435,000	150 ft
4512 COLUMBUS AVE MINNEAPOLIS MN 55407	J & M JELINEK	RESIDENTIAL	$330,700	153 ft
4521 PARK AVE MINNEAPOLIS MN 55407	LINDA SHARON PAGE	RESIDENTIAL	$346,700	160 ft

Property History

Most Recent Sale

Date199805

Price$128,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,466