4628 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220136

Property Overview

Parcel ID1402824220136

Lot Size4,719 sq ft (0.108 ac)

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

Year Built1918

Property ClassRESIDENTIAL

OwnerREBECCA STIBBE

Assessed Value$230,700

Land Value$128,000

Building Value$102,700

Annual Tax$3,442

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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~2,339 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 small multifamily (2–4 units, wood frame) benchmarks for 2,339 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4624 PARK AVE MINNEAPOLIS MN 55407	C MCLAIN & L MCLAIN	RESIDENTIAL	$385,600	40 ft
4632 PARK AVE MINNEAPOLIS MN 55407	NINA SOFFER	RESIDENTIAL	$232,900	41 ft
4618 PARK AVE MINNEAPOLIS MN 55407	MOLLY LYNNE BRENNAN	RESIDENTIAL	$372,500	80 ft
4638 PARK AVE MINNEAPOLIS MN 55407	N J WAGNER & J WAGNER	RESIDENTIAL	$323,800	83 ft
4616 PARK AVE MINNEAPOLIS MN 55407	JODI PETRICH/PATRICK MASSEY	RESIDENTIAL	$380,100	120 ft
4640 PARK AVE MINNEAPOLIS MN 55407	FREDERICK LANZ/BARBARA LANZ	RESIDENTIAL	$332,700	125 ft
4629 OAKLAND AVE MINNEAPOLIS MN 55407	ALICE G OWENS	RESIDENTIAL	$408,000	132 ft
4621 OAKLAND AVE MINNEAPOLIS MN 55407	M MOSE & M MCGOWAN BLAKE	RESIDENTIAL	$369,500	137 ft
4633 OAKLAND AVE MINNEAPOLIS MN 55407	TRYGVE VAN R THRONVEIT	RESIDENTIAL	$363,800	138 ft
4619 OAKLAND AVE MINNEAPOLIS MN 55407	T T PALMBERG & L A PALMBERG	RESIDENTIAL	$389,100	154 ft

Property History

Most Recent Sale

Date200510

Price$217,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,442