4740 OAKLAND AVE MINNEAPOLIS MN 55407

PID: 1402824220096

Property Overview

Parcel ID1402824220096

Lot Size4,727 sq ft (0.109 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerSKYLAR KNIGHT/SARAH MILLIGAN

Assessed Value$365,400

Land Value$135,000

Building Value$230,400

Annual Tax$5,443

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~2,344 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 2,344 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
4736 OAKLAND AVE MINNEAPOLIS MN 55407	D S LOWE & R LYLE	RESIDENTIAL	$467,000	40 ft
4744 OAKLAND AVE MINNEAPOLIS MN 55407	H HENDRIKS & J D WITTMAN	RESIDENTIAL	$348,200	40 ft
4732 OAKLAND AVE MINNEAPOLIS MN 55407	S L RICHTERKESSING ET AL	RESIDENTIAL	$276,900	80 ft
4748 OAKLAND AVE MINNEAPOLIS MN 55407	G T CARLIN & J L GOALEN	RESIDENTIAL	$417,000	80 ft
4728 OAKLAND AVE MINNEAPOLIS MN 55407	D E SMITH & C SMITH	RESIDENTIAL	$350,400	120 ft
4752 OAKLAND AVE MINNEAPOLIS MN 55407	S W SEN & K B SEN	RESIDENTIAL	$581,300	130 ft
4741 PORTLAND AVE MINNEAPOLIS MN 55407	AMANDA STAHL & MEGAN LETICH	RESIDENTIAL	$360,200	132 ft
4745 PORTLAND AVE MINNEAPOLIS MN 55407	ELLEN C THOMAS	RESIDENTIAL	$282,000	138 ft
4737 PORTLAND AVE MINNEAPOLIS MN 55407	J DOOLEY & H SMITH	RESIDENTIAL	$589,400	138 ft
4733 PORTLAND AVE MINNEAPOLIS MN 55407	LORI A GARDUNO	RESIDENTIAL	$338,900	154 ft

Property History

Most Recent Sale

Date202403

Price$435,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,443