4850 PARK AVE MINNEAPOLIS MN 55417

PID: 1402824230033

Property Overview

Parcel ID1402824230033

Lot Size4,440 sq ft (0.102 ac)

Lot Dimensions (est.)120 ft wide × 37 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerM NEILSEN & C NIELSEN

Assessed Value$440,700

Land Value$156,000

Building Value$284,700

Annual Tax$6,806

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 2017 · $52K total declared value · Most recent: Oct 2017 (existres)

ExistresOct 2017Closed

APOLLO HEATING AND AIR

ResOct 2017Closed

R Plumbing Co

RemodelOct 2017Closed

$52K

HANSON REMODELING

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 width27 ft

Buildable depth80 ft

Area~2,159 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 2,159 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4854 PARK AVE MINNEAPOLIS MN 55417	VIRGINIA M PEARSON ETAL	RESIDENTIAL	$430,800	37 ft
4846 PARK AVE MINNEAPOLIS MN 55417	DAVID J ULVIN	RESIDENTIAL	$301,200	42 ft
4840 PARK AVE MINNEAPOLIS MN 55417	N WALTER & C EATON	RESIDENTIAL	$429,300	92 ft
4849 OAKLAND AVE MINNEAPOLIS MN 55417	J GIAMPIETRO/A MUSTCHELKNAUS	RESIDENTIAL	$512,200	131 ft
4853 OAKLAND AVE MINNEAPOLIS MN 55417	S K & P M BARLAND	RESIDENTIAL	$418,200	137 ft
4845 OAKLAND AVE MINNEAPOLIS MN 55417	KAREN L ECKSTROM	RESIDENTIAL	$442,400	138 ft
4900 PARK AVE MINNEAPOLIS MN 55417	A K GERNAND & J L GERNAND	RESIDENTIAL	$509,600	138 ft
4838 PARK AVE MINNEAPOLIS MN 55417	K D NESS & Z A M MARIN	RESIDENTIAL	$436,700	143 ft
4839 OAKLAND AVE MINNEAPOLIS MN 55417	ELIZABETH M WILLIAMS	RESIDENTIAL	$459,800	160 ft
4904 PARK AVE MINNEAPOLIS MN 55417	KAREN A REIERSON	RESIDENTIAL	$519,000	182 ft

Property History

Most Recent Sale

Date201204

Price$270,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,806