4715 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220047

Property Overview

Parcel ID1402824220047

Lot Size4,757 sq ft (0.109 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerNICHOLAS J CASAVAN

Assessed Value$401,000

Land Value$129,000

Building Value$272,000

Annual Tax$6,284

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

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~2,368 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 2,368 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
4717 PARK AVE MINNEAPOLIS MN 55407	J A MILLER & R R MILLER	RESIDENTIAL	$369,000	40 ft
4709 PARK AVE MINNEAPOLIS MN 55407	TEGAN DELAP	RESIDENTIAL	$497,600	40 ft
4721 PARK AVE MINNEAPOLIS MN 55407	K RUSSELL & M C ENGEBRETSON	RESIDENTIAL	$317,300	80 ft
4705 PARK AVE MINNEAPOLIS MN 55407	BRUCE D OKESON	RESIDENTIAL	$403,800	80 ft
4725 PARK AVE MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	120 ft
4701 PARK AVE MINNEAPOLIS MN 55407	DEREK YOUNG	RESIDENTIAL	$379,800	120 ft
4712 COLUMBUS AVE MINNEAPOLIS MN 55407	IAN A EMPSON	RESIDENTIAL	$320,800	131 ft
4716 COLUMBUS AVE MINNEAPOLIS MN 55407	AMBER SNOW & ANDREW KOEHRING	RESIDENTIAL	$309,100	136 ft
4708 COLUMBUS AVE MINNEAPOLIS MN 55407	JAMISON D KRIER	RESIDENTIAL	$306,300	137 ft
4720 COLUMBUS AVE MINNEAPOLIS MN 55407	A ROSE & K SHERIDAN-ROSE	RESIDENTIAL	$294,200	153 ft

Property History

Most Recent Sale

Date201109

Price$140,100

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,284