4632 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220230

Property Overview

Parcel ID1402824220230

Lot Size4,955 sq ft (0.114 ac)

Lot Dimensions (est.)118 ft wide × 42 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerNINA SOFFER

Assessed Value$232,900

Land Value$132,000

Building Value$100,900

Annual Tax$3,491

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth84 ft

Area~2,495 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 2,495 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4628 PARK AVE MINNEAPOLIS MN 55407	REBECCA STIBBE	RESIDENTIAL	$230,700	41 ft
4638 PARK AVE MINNEAPOLIS MN 55407	N J WAGNER & J WAGNER	RESIDENTIAL	$323,800	42 ft
4624 PARK AVE MINNEAPOLIS MN 55407	C MCLAIN & L MCLAIN	RESIDENTIAL	$385,600	81 ft
4640 PARK AVE MINNEAPOLIS MN 55407	FREDERICK LANZ/BARBARA LANZ	RESIDENTIAL	$332,700	84 ft
4618 PARK AVE MINNEAPOLIS MN 55407	MOLLY LYNNE BRENNAN	RESIDENTIAL	$372,500	121 ft
4646 PARK AVE MINNEAPOLIS MN 55407	I IACOVOU/A IACOVOU	RESIDENTIAL	$415,200	126 ft
4633 OAKLAND AVE MINNEAPOLIS MN 55407	TRYGVE VAN R THRONVEIT	RESIDENTIAL	$363,800	131 ft
4637 OAKLAND AVE MINNEAPOLIS MN 55407	MATHEW NEWPORT/KELLY NEWPORT	RESIDENTIAL	$358,100	138 ft
4629 OAKLAND AVE MINNEAPOLIS MN 55407	ALICE G OWENS	RESIDENTIAL	$408,000	138 ft
4641 OAKLAND AVE MINNEAPOLIS MN 55407	ALIDA L WINTERNHEIMER	RESIDENTIAL	$279,100	154 ft

Property History

Most Recent Sale

Date201212

Price$58,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,491