4656 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220143

Property Overview

Parcel ID1402824220143

Lot Size5,768 sq ft (0.132 ac)

Lot Dimensions (est.)118 ft wide × 49 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerCRAIG NORVELL/FAWN B-NORVELL

Assessed Value$388,300

Land Value$142,000

Building Value$246,300

Annual Tax$5,890

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

8 permits on record since 2016 · $71K total declared value · Most recent: Oct 2023 (remodel)

RemodelOct 2023Closed

$6K

ALL ENERGY SOLAR INC

RemodelJun 2021Closed

$2K

BRENNE BUILDERS

ResAug 2020Closed

Warners Stellian Co Inc

ExistresJul 2019Closed

Airic's Heating & Air Conditioning Inc

ResFeb 2017Closed

KLINE CORP

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width105 ft

Buildable depth9 ft

Area~2,798 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 2,798 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4650 PARK AVE MINNEAPOLIS MN 55407	HARRY KAMPERT	RESIDENTIAL	$280,300	45 ft
4646 PARK AVE MINNEAPOLIS MN 55407	I IACOVOU/A IACOVOU	RESIDENTIAL	$415,200	87 ft
4700 PARK AVE MINNEAPOLIS MN 55407	JOSEPH ALLEN	RESIDENTIAL	$484,700	106 ft
4640 PARK AVE MINNEAPOLIS MN 55407	FREDERICK LANZ/BARBARA LANZ	RESIDENTIAL	$332,700	129 ft
4655 OAKLAND AVE MINNEAPOLIS MN 55407	D S ANDERSON & E L ANDERSON	RESIDENTIAL	$286,000	132 ft
4649 OAKLAND AVE MINNEAPOLIS MN 55407	E ODNESS/A M PUJEBET-MARKOS	RESIDENTIAL	$426,300	142 ft
4704 PARK AVE MINNEAPOLIS MN 55407	CLINT AND KASEY IRWIN ET AL	RESIDENTIAL	$495,300	149 ft
4645 OAKLAND AVE MINNEAPOLIS MN 55407	TIMOTHY C MCLAUGHLIN ET AL	RESIDENTIAL	$312,400	162 ft
4701 OAKLAND AVE MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	169 ft
4638 PARK AVE MINNEAPOLIS MN 55407	N J WAGNER & J WAGNER	RESIDENTIAL	$323,800	171 ft

Property History

Most Recent Sale

Date201504

Price$200,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,890