4853 PARK AVE MINNEAPOLIS MN 55417

PID: 1402824230021

Property Overview

Parcel ID1402824230021

Lot Size5,261 sq ft (0.121 ac)

Lot Dimensions (est.)120 ft wide × 44 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerL A SEIDL & A K RUTLEDGE

Assessed Value$489,300

Land Value$172,000

Building Value$317,300

Annual Tax$8,513

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

1 permit on record since 2019 · Most recent: Oct 2019 (res)

ResOct 2019Closed

FIRESIDE HEARTH AND HOME

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width107 ft

Buildable depth4 ft

Area~2,466 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 2,466 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
4849 PARK AVE MINNEAPOLIS MN 55417	ANN BROWN	RESIDENTIAL	$502,800	43 ft
4845 PARK AVE MINNEAPOLIS MN 55417	THE HARBERT LIVING TRUST	RESIDENTIAL	$507,700	86 ft
4901 PARK AVE MINNEAPOLIS MN 55417	JOSHUA KADLAC/TAYLOR J OLSON	RESIDENTIAL	$407,700	100 ft
4841 PARK AVE MINNEAPOLIS MN 55417	MICHAEL G MURRAY-JOHN	RESIDENTIAL	$426,100	128 ft
4856 COLUMBUS AVE MINNEAPOLIS MN 55417	CLINTON P ROBERTS	RESIDENTIAL	$380,400	132 ft
4852 COLUMBUS AVE MINNEAPOLIS MN 55417	M J NAKASHIMA & K M SHAW	RESIDENTIAL	$430,500	136 ft
4905 PARK AVE MINNEAPOLIS MN 55417	JERRIE K FERRIER	RESIDENTIAL	$347,300	139 ft
4848 COLUMBUS AVE MINNEAPOLIS MN 55417	VICTOR W VAN WAGNER	RESIDENTIAL	$284,200	150 ft
4842 COLUMBUS AVE MINNEAPOLIS MN 55417	A WITHERS ETAL	RESIDENTIAL	$310,000	170 ft
4837 PARK AVE MINNEAPOLIS MN 55417	A J MARENTIC & I S MARENTIC	RESIDENTIAL	$431,800	171 ft

Property History

Most Recent Sale

Date202011

Price$475,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,513