4753 PARK AVE MINNEAPOLIS MN 55407

PID: 1402824220233

Property Overview

Parcel ID1402824220233

Lot Size9,519 sq ft (0.219 ac)

Lot Dimensions (est.)120 ft wide × 80 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerLILA J MAYES

Assessed Value$433,600

Land Value$173,000

Building Value$260,600

Annual Tax$6,582

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 2017 · $8K total declared value · Most recent: Jun 2025 (existres)

ExistresJun 2025Closed

Professional Mechanical Services LLC

MiscFeb 2017Closed

$8K

JOE MAHONEY CONSTRUCTION CO

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

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 width70 ft

Buildable depth79 ft

Area~5,530 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 5,530 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4757 PARK AVE MINNEAPOLIS MN 55407	J A YOUNT & M M STUCKEL	RESIDENTIAL	$307,400	60 ft
4745 PARK AVE MINNEAPOLIS MN 55407	JASON L CUSSLER	RESIDENTIAL-TWO UNIT	$433,600	60 ft
4741 PARK AVE MINNEAPOLIS MN 55407	CATHERINE L WINKER	RESIDENTIAL	$365,100	100 ft
4752 COLUMBUS AVE MINNEAPOLIS MN 55407	THERESA LYNN BOZIC	RESIDENTIAL	$283,300	132 ft
4748 COLUMBUS AVE MINNEAPOLIS MN 55407	DANNY C REYNOLDS	RESIDENTIAL	$173,100	133 ft
4737 PARK AVE MINNEAPOLIS MN 55407	M A ZEITZ & N Z H ZEITZ	RESIDENTIAL	$487,500	140 ft
4744 COLUMBUS AVE MINNEAPOLIS MN 55407	J A SCHOENECK/A J SCHOENECK	RESIDENTIAL	$331,300	144 ft
4756 COLUMBUS AVE MINNEAPOLIS MN 55407	JILL B GARCIA	RESIDENTIAL	$348,200	144 ft
4801 PARK AVE MINNEAPOLIS MN 55417	CORRINNE M FIEDLER	RESIDENTIAL	$420,300	160 ft
4740 COLUMBUS AVE MINNEAPOLIS MN 55407	K LINDREN & A VAN DEL HEMEL	RESIDENTIAL	$389,500	165 ft

Property History

Most Recent Sale

Date199304

Price$1

Type—

Current Tax Year

Year2026

Tax Due$6,582