4608 OAKLAND AVE MINNEAPOLIS MN 55407

PID: 1402824220210

Property Overview

Parcel ID1402824220210

Lot Size4,718 sq ft (0.108 ac)

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

Year Built1913

Property ClassRESIDENTIAL

OwnerJUSTIN EDWARD GRAYS

Assessed Value$195,800

Land Value$135,000

Building Value$60,800

Annual Tax$2,615

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

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
4604 OAKLAND AVE MINNEAPOLIS MN 55407	L M MARTINEZ & B L BUSCH	RESIDENTIAL	$326,100	40 ft
4612 OAKLAND AVE MINNEAPOLIS MN 55407	N L BUNTON-PAGEL/DAVID PAGEL	RESIDENTIAL	$287,500	40 ft
4616 OAKLAND AVE MINNEAPOLIS MN 55407	WALTER & MASTOURA AZIZI	RESIDENTIAL	$153,100	80 ft
4600 OAKLAND AVE MINNEAPOLIS MN 55407	D C RODRIGUEZ/L O RODRIGUEZ	RESIDENTIAL	$419,300	88 ft
4620 OAKLAND AVE MINNEAPOLIS MN 55407	JAMIE VAN NOSTRAND	RESIDENTIAL	$410,600	120 ft
4609 PORTLAND AVE MINNEAPOLIS MN 55407	MICHAEL KREFTING	RESIDENTIAL	$313,600	131 ft
4605 PORTLAND AVE MINNEAPOLIS MN 55407	E J LOCH & S Y LOCH	RESIDENTIAL	$347,100	137 ft
4615 PORTLAND AVE MINNEAPOLIS MN 55407	ERICKA MITCHELL-OKATAH ET AL	RESIDENTIAL	$333,600	138 ft
4617 PORTLAND AVE MINNEAPOLIS MN 55407	DYLAN WOODS-WEISMAN ET AL	RESIDENTIAL	$343,600	155 ft
4601 PORTLAND AVE MINNEAPOLIS MN 55407	L F ALLEN & N T HANSEN	RESIDENTIAL	$375,400	158 ft

Property History

Most Recent Sale

Date202209

Price$207,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,615