4737 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220041

Property Overview

Parcel ID1402824220041

Lot Size4,759 sq ft (0.109 ac)

Lot Dimensions (est.)119 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerM A ZEITZ & N Z H ZEITZ

Assessed Value$487,500

Land Value$129,000

Building Value$358,500

Annual Tax$7,518

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

5 permits on record since 2018 · $45K total declared value · Most recent: Feb 2019 (remodel)

RemodelFeb 2019Closed

$5K

Innovative Basement Systems

ResFeb 2019Closed

LIBERTY PLUMBING CO LLC

ResJan 2019Closed

Ray N Welter Heating Co

ExistresJan 2019Closed

Ray N Welter Heating Co

RemodelDec 2018Closed

$40K

PDW INVESTMENTS LLC

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

Neighborhood Profile

Field · 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 depth79 ft

Area~2,369 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 2,369 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
4741 PARK AVE MINNEAPOLIS MN 55407	CATHERINE L WINKER	RESIDENTIAL	$365,100	40 ft
4733 PARK AVE MINNEAPOLIS MN 55407	R D FERGUSON & J A FERGUSON	RESIDENTIAL	$376,200	40 ft
4745 PARK AVE MINNEAPOLIS MN 55407	JASON L CUSSLER	RESIDENTIAL-TWO UNIT	$433,600	80 ft
4729 PARK AVE MINNEAPOLIS MN 55407	ANNE FRIGO	RESIDENTIAL	$327,600	80 ft
4725 PARK AVE MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	120 ft
4736 COLUMBUS AVE MINNEAPOLIS MN 55407	LAURA ANN KEENA	RESIDENTIAL	$245,200	131 ft
4740 COLUMBUS AVE MINNEAPOLIS MN 55407	K LINDREN & A VAN DEL HEMEL	RESIDENTIAL	$389,500	136 ft
4732 COLUMBUS AVE MINNEAPOLIS MN 55407	MARGARET CATHERINE PICHLER	RESIDENTIAL	$359,200	137 ft
4753 PARK AVE MINNEAPOLIS MN 55407	LILA J MAYES	RESIDENTIAL	$433,600	140 ft
4744 COLUMBUS AVE MINNEAPOLIS MN 55407	J A SCHOENECK/A J SCHOENECK	RESIDENTIAL	$331,300	153 ft

Property History

Most Recent Sale

Date202409

Price$591,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,518