4712 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220054

Property Overview

Parcel ID1402824220054

Lot Size5,122 sq ft (0.118 ac)

Lot Dimensions (est.)119 ft wide × 43 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerALLEN D RUEHMANN & WIFE

Assessed Value$368,700

Land Value$134,000

Building Value$234,700

Annual Tax$5,764

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

3 permits on record since 2022 · $8K total declared value · Most recent: May 2026 (misc)

MiscMay 2026Final Inspection

$8K

NORTHRUP REMODELING

ResAug 2023Expired

Warners Stellian Co Inc

ResFeb 2022Closed

Norblom Plumbing Co

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 width33 ft

Buildable depth79 ft

Area~2,610 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 2,610 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4708 PARK AVE MINNEAPOLIS MN 55407	M A SILSBY & J L SILSBY	RESIDENTIAL	$378,200	43 ft
4716 PARK AVE MINNEAPOLIS MN 55407	B F MCDERMOTT & S K SCHWARTZ	RESIDENTIAL	$367,400	43 ft
4704 PARK AVE MINNEAPOLIS MN 55407	CLINT AND KASEY IRWIN ET AL	RESIDENTIAL	$495,300	86 ft
4720 PARK AVE MINNEAPOLIS MN 55407	R A BEDDOE & M DUNDER-BEDDOE	RESIDENTIAL	$375,000	86 ft
4700 PARK AVE MINNEAPOLIS MN 55407	JOSEPH ALLEN	RESIDENTIAL	$484,700	129 ft
4724 PARK AVE MINNEAPOLIS MN 55407	J & S FREEMAN	RESIDENTIAL	$418,000	129 ft
4713 OAKLAND AVE MINNEAPOLIS MN 55407	B E LEVERSEDGE & B CAFFREY	RESIDENTIAL	$364,600	131 ft
4709 OAKLAND AVE MINNEAPOLIS MN 55407	F C SCHOMMER & M L SCHOMMER	RESIDENTIAL	$371,600	137 ft
4717 OAKLAND AVE MINNEAPOLIS MN 55407	R A BLOUNT & P BORZI	RESIDENTIAL	$408,800	138 ft
4705 OAKLAND AVE MINNEAPOLIS MN 55407	J S DIEDERING/R A DIEDERING	RESIDENTIAL	$412,400	156 ft

Property History

Current Tax Year

Year2026

Tax Due$5,764