4748 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220084

Property Overview

Parcel ID1402824220084

Lot Size4,727 sq ft (0.109 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerM S JOHNSON & J M LEIGH

Assessed Value$307,500

Land Value$129,000

Building Value$178,500

Annual Tax$4,643

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 · $15K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

ST PAUL PLUMBING AND HEATING CO INC

ExistresJul 2023Expired

ST PAUL PLUMBING AND HEATING CO INC

MiscMar 2023Closed

$15K

Discount Windows Inc.

ResJan 2022Closed

Warners Stellian Co Inc

ExistresDec 2018Closed

Ray N Welter Heating 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 width30 ft

Buildable depth78 ft

Area~2,345 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 2,345 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
4744 PARK AVE MINNEAPOLIS MN 55407	A J GENTILE & C S MCNEIL	RESIDENTIAL	$415,300	40 ft
4752 PARK AVE MINNEAPOLIS MN 55407	LUCAS DUNNE & MARGARET DUNNE	RESIDENTIAL-TWO UNIT	$473,600	50 ft
4740 PARK AVE MINNEAPOLIS MN 55407	JONATHAN JAY MORRISON	RESIDENTIAL	$365,900	80 ft
4736 PARK AVE MINNEAPOLIS MN 55407	MARY ELIZABETH WILLIAMS	RESIDENTIAL	$360,300	120 ft
4749 OAKLAND AVE MINNEAPOLIS MN 55407	C J SAWYER & C M SAWYER	RESIDENTIAL	$309,900	132 ft
4745 OAKLAND AVE MINNEAPOLIS MN 55407	SHARON M THOMPSON	RESIDENTIAL	$307,200	137 ft
4753 OAKLAND AVE MINNEAPOLIS MN 55407	L R HANNAH & J F RYBA-WHITE	RESIDENTIAL	$372,100	141 ft
4741 OAKLAND AVE MINNEAPOLIS MN 55407	K G BRAAFLADT & D K BANKS	RESIDENTIAL	$331,500	154 ft
4800 PARK AVE MINNEAPOLIS MN 55417	SHEILAH M HAYDEN	RESIDENTIAL	$307,000	159 ft
4732 PARK AVE MINNEAPOLIS MN 55407	S E BERG & C BERG	RESIDENTIAL	$399,100	160 ft

Property History

Most Recent Sale

Date202104

Price$360,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,643