4619 OAKLAND AVE MINNEAPOLIS MN 55407

PID: 1402824220202

Property Overview

Parcel ID1402824220202

Lot Size4,719 sq ft (0.108 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerT T PALMBERG & L A PALMBERG

Assessed Value$389,100

Land Value$135,000

Building Value$254,100

Annual Tax$5,840

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

5 permits on record since 2017 · $4K total declared value · Most recent: Aug 2024 (res)

ResAug 2024Closed

Warners Stellian Co Inc

ExistresSep 2021Closed

Trent Palmberg

RemodelAug 2021Closed

$2K

THE EGRESS WINDOW COMPANY

RemodelAug 2021Closed

$2K

Trent Palmberg

ResFeb 2017Closed

CENTERPOINT ENERGY

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

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~2,338 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%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4621 OAKLAND AVE MINNEAPOLIS MN 55407	M MOSE & M MCGOWAN BLAKE	RESIDENTIAL	$369,500	40 ft
4617 OAKLAND AVE MINNEAPOLIS MN 55407	E ERICKSEN / J DOBBINS	RESIDENTIAL	$219,600	40 ft
4629 OAKLAND AVE MINNEAPOLIS MN 55407	ALICE G OWENS	RESIDENTIAL	$408,000	80 ft
4615 OAKLAND AVE MINNEAPOLIS MN 55407	MELISSA MOORE	RESIDENTIAL	$294,300	80 ft
4633 OAKLAND AVE MINNEAPOLIS MN 55407	TRYGVE VAN R THRONVEIT	RESIDENTIAL	$363,800	120 ft
4609 OAKLAND AVE MINNEAPOLIS MN 55407	IAN M CAVE & SHAINA DAVIS	RESIDENTIAL	$370,800	120 ft
4618 PARK AVE MINNEAPOLIS MN 55407	MOLLY LYNNE BRENNAN	RESIDENTIAL	$372,500	132 ft
4624 PARK AVE MINNEAPOLIS MN 55407	C MCLAIN & L MCLAIN	RESIDENTIAL	$385,600	137 ft
4616 PARK AVE MINNEAPOLIS MN 55407	JODI PETRICH/PATRICK MASSEY	RESIDENTIAL	$380,100	138 ft
4628 PARK AVE MINNEAPOLIS MN 55407	REBECCA STIBBE	RESIDENTIAL	$230,700	154 ft

Property History

Most Recent Sale

Date201310

Price$307,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,840