4612 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220197

Property Overview

Parcel ID1402824220197

Lot Size4,718 sq ft (0.108 ac)

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

Year Built1913

Property ClassRESIDENTIAL

OwnerM A LUNDGREN & C L LUNDGREN

Assessed Value$261,700

Land Value$128,000

Building Value$133,700

Annual Tax$3,959

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

2 permits on record since 2022 · $13K total declared value · Most recent: Oct 2023 (existres)

ExistresOct 2023Expired

Standard Heating and Air Conditioning Inc

MiscMay 2022Closed

$13K

HOME IMPROVEMENT PARTNERS 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth78 ft

Area~2,338 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 2,338 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
4608 PARK AVE MINNEAPOLIS MN 55407	PAULETTE A WILSON	RESIDENTIAL	$458,900	40 ft
4616 PARK AVE MINNEAPOLIS MN 55407	JODI PETRICH/PATRICK MASSEY	RESIDENTIAL	$380,100	40 ft
4604 PARK AVE MINNEAPOLIS MN 55407	CRAIG R JOHNSON	RESIDENTIAL	$420,400	80 ft
4618 PARK AVE MINNEAPOLIS MN 55407	MOLLY LYNNE BRENNAN	RESIDENTIAL	$372,500	80 ft
4624 PARK AVE MINNEAPOLIS MN 55407	C MCLAIN & L MCLAIN	RESIDENTIAL	$385,600	120 ft
4600 PARK AVE MINNEAPOLIS MN 55407	DONNA L CARLSTROM	RESIDENTIAL	$321,000	128 ft
4615 OAKLAND AVE MINNEAPOLIS MN 55407	MELISSA MOORE	RESIDENTIAL	$294,300	132 ft
4609 OAKLAND AVE MINNEAPOLIS MN 55407	IAN M CAVE & SHAINA DAVIS	RESIDENTIAL	$370,800	137 ft
4617 OAKLAND AVE MINNEAPOLIS MN 55407	E ERICKSEN / J DOBBINS	RESIDENTIAL	$219,600	138 ft
4605 OAKLAND AVE MINNEAPOLIS MN 55407	T L & M M MATTSON	RESIDENTIAL	$259,100	154 ft

Property History

Most Recent Sale

Date198907

Price$73,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,959