4957 PARK AVE MINNEAPOLIS MN 55417

PID: 1402824230163

Property Overview

Parcel ID1402824230163

Lot Size4,811 sq ft (0.110 ac)

Lot Dimensions (est.)120 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerPAUL BAIRD & MARGARET BAIRD

Assessed Value$346,300

Land Value$175,000

Building Value$171,300

Annual Tax$5,384

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 2020 · Most recent: Aug 2020 (existres)

ExistresAug 2020Closed

Ray N Welter Heating Co

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

Neighborhood Profile

Field · Minneapolis

Median reported rent1,682/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 depth0 ft

Area~2,167 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,167 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
4953 PARK AVE MINNEAPOLIS MN 55417	D E PETERSON & M K PETERSON	RESIDENTIAL	$460,500	40 ft
4949 PARK AVE MINNEAPOLIS MN 55417	NATHAN ANDERSON	RESIDENTIAL	$339,300	80 ft
5001 PARK AVE MINNEAPOLIS MN 55417	E REEHL & E CAMPBELL	RESIDENTIAL	$543,400	105 ft
4945 PARK AVE MINNEAPOLIS MN 55417	CHRISTIAN O FRITZBERG	RESIDENTIAL	$396,700	120 ft
4956 COLUMBUS AVE MINNEAPOLIS MN 55417	JONATHAN OLIVER TWOMEY ET AL	RESIDENTIAL	$537,500	132 ft
4952 COLUMBUS AVE MINNEAPOLIS MN 55417	N V WILLIAMS/B K LERNER	RESIDENTIAL	$418,900	138 ft
4948 COLUMBUS AVE MINNEAPOLIS MN 55417	LAURA VAN BELLINGER TRUST	RESIDENTIAL	$624,000	154 ft
5005 PARK AVE MINNEAPOLIS MN 55417	STEVEN SCHACHT REVOCABLE TR	RESIDENTIAL	$434,600	155 ft
4941 PARK AVE MINNEAPOLIS MN 55417	CHRISTIAN FRITZBERG	RESIDENTIAL	$397,000	160 ft
5000 COLUMBUS AVE MINNEAPOLIS MN 55417	J PERRY MCGAHAN JR	RESIDENTIAL	$452,000	170 ft

Property History

Most Recent Sale

Date201103

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,384