4641 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220132

Property Overview

Parcel ID1402824220132

Lot Size4,956 sq ft (0.114 ac)

Lot Dimensions (est.)118 ft wide × 42 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerBOENIGK FAMILY WEALTH TRUST

Assessed Value$340,100

Land Value$132,000

Building Value$208,100

Annual Tax$5,280

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

1 permit on record since 2022 · $16K total declared value · Most recent: Dec 2022 (misc)

MiscDec 2022Closed

$16K

KAUFMAN SHEET METAL ROOFING INC

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 width32 ft

Buildable depth78 ft

Area~2,495 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 2,495 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4645 PARK AVE MINNEAPOLIS MN 55407	FLORA M MCRAE	RESIDENTIAL	$404,500	42 ft
4637 PARK AVE MINNEAPOLIS MN 55407	TRISHA HANSON & TIM HANSON	RESIDENTIAL	$603,000	42 ft
4633 PARK AVE MINNEAPOLIS MN 55407	IAN COLDWATER	RESIDENTIAL	$370,300	84 ft
4649 PARK AVE MINNEAPOLIS MN 55407	G LEFKOWITZ & S M BRAZIL	RESIDENTIAL	$304,800	85 ft
4629 PARK AVE MINNEAPOLIS MN 55407	JENNIFER SAUER	RESIDENTIAL	$314,900	126 ft
4653 PARK AVE MINNEAPOLIS MN 55407	B A LEMKE & A R HEWITT	RESIDENTIAL	$306,800	129 ft
4640 COLUMBUS AVE MINNEAPOLIS MN 55407	GWENDOLYN K CAMPBELL	RESIDENTIAL	$254,100	132 ft
4636 COLUMBUS AVE MINNEAPOLIS MN 55407	L J S CROSS & A L CROSS	RESIDENTIAL	$301,200	138 ft
4644 COLUMBUS AVE MINNEAPOLIS MN 55407	MICHAEL P KEYES	RESIDENTIAL	$264,900	138 ft
4648 COLUMBUS AVE MINNEAPOLIS MN 55407	SEC OF VETERANS AFFAIRS	RESIDENTIAL	$342,100	156 ft

Property History

Most Recent Sale

Date198507

Price$74,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,280