4601 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220193

Property Overview

Parcel ID1402824220193

Lot Size6,589 sq ft (0.151 ac)

Lot Dimensions (est.)118 ft wide × 56 ft deep

Year Built1923

Property Class—

OwnerCITY OF LAKES COMM LAND TRST

Assessed Value$286,300

Land Value$125,000

Building Value$161,300

Annual Tax$3,153

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width103 ft

Buildable depth16 ft

Area~3,184 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 3-story wood frame (5–12 units) benchmarks for 3,184 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4605 PARK AVE MINNEAPOLIS MN 55407	EMILY R WHITE	RESIDENTIAL	$205,100	48 ft
4609 PARK AVE MINNEAPOLIS MN 55407	DAVID GOODMAN & LUCAS WELLE	RESIDENTIAL	$498,200	88 ft
4557 PARK AVE MINNEAPOLIS MN 55407	ANNA FOSSUM	RESIDENTIAL	$342,900	110 ft
4613 PARK AVE MINNEAPOLIS MN 55407	R F SCHER & N MATUSIEWICZ	RESIDENTIAL	$294,900	128 ft
4600 COLUMBUS AVE MINNEAPOLIS MN 55407	CARLA JO LINDSTROM BIELAWSKI	RESIDENTIAL	$237,600	131 ft
4604 COLUMBUS AVE MINNEAPOLIS MN 55407	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$395,300	140 ft
4553 PARK AVE MINNEAPOLIS MN 55407	PEGGY A DOTEN	RESIDENTIAL	$379,000	146 ft
4608 COLUMBUS AVE MINNEAPOLIS MN 55407	J R CLEM & D P QUADY	RESIDENTIAL	$272,600	158 ft
4617 PARK AVE MINNEAPOLIS MN 55407	J S PETRON & A C THOMPSON	RESIDENTIAL	$312,200	168 ft
4556 COLUMBUS AVE MINNEAPOLIS MN 55407	JANICE CONTONS	RESIDENTIAL	$229,200	172 ft

Property History

Most Recent Sale

Date201112

Price$103,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,153