4838 PARK AVE MINNEAPOLIS MN 55417

PID: 1402824230030

Property Overview

Parcel ID1402824230030

Lot Size5,757 sq ft (0.132 ac)

Lot Dimensions (est.)120 ft wide × 48 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerK D NESS & Z A M MARIN

Assessed Value$436,700

Land Value$179,000

Building Value$257,700

Annual Tax$7,033

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

3 permits on record since 2021 · $19K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Closed

$19K

LEGACY RESTORATION LLC

ExistresSep 2021Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResMar 2021Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

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

Neighborhood Profile

Field · 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width38 ft

Buildable depth80 ft

Area~3,036 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 3,036 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4834 PARK AVE MINNEAPOLIS MN 55417	C P DEYOUNG ET AL REV LIV TR	RESIDENTIAL	$421,700	42 ft
4840 PARK AVE MINNEAPOLIS MN 55417	N WALTER & C EATON	RESIDENTIAL	$429,300	50 ft
4832 PARK AVE MINNEAPOLIS MN 55417	J CHAGNON & J RIPPLE	RESIDENTIAL	$375,400	81 ft
4846 PARK AVE MINNEAPOLIS MN 55417	DAVID J ULVIN	RESIDENTIAL	$301,200	100 ft
4828 PARK AVE MINNEAPOLIS MN 55417	J M EVANS & G R KESKEY III	RESIDENTIAL	$341,800	119 ft
4835 OAKLAND AVE MINNEAPOLIS MN 55417	W C BOWLES & S J HUHN-BOWLES	RESIDENTIAL	$384,500	131 ft
4833 OAKLAND AVE MINNEAPOLIS MN 55417	DANIEL WANKUM	RESIDENTIAL	$403,200	138 ft
4839 OAKLAND AVE MINNEAPOLIS MN 55417	ELIZABETH M WILLIAMS	RESIDENTIAL	$459,800	141 ft
4850 PARK AVE MINNEAPOLIS MN 55417	M NEILSEN & C NIELSEN	RESIDENTIAL	$440,700	143 ft
4829 OAKLAND AVE MINNEAPOLIS MN 55417	K C LEHMANN/E D C LEHMANN	RESIDENTIAL	$383,400	154 ft

Property History

Most Recent Sale

Date200408

Price$280,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,033