4745 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824110015

Property Overview

Parcel ID1502824110015

Lot Size4,323 sq ft (0.099 ac)

Lot Dimensions (est.)66 ft wide × 66 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerELIZABETH BUSCH

Assessed Value$327,300

Land Value$110,000

Building Value$217,300

Annual Tax$4,808

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

6 permits on record since 2017 · $29K total declared value · Most recent: Nov 2021 (existres)

ExistresNov 2021Closed

NORTHERNS ONE HOUR HEATING AND AIR CONDITIONING

ResNov 2021Closed

Northern's Benjamin Franklin Plumbing

ResMay 2021Closed

Barnes Plumbing Co Inc

RemodelMay 2021Closed

$21K

RUFFNER REMODELING AND REPAIR LLC

MiscAug 2017Closed

$8K

ROBLES CONSTRUCTION INC

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

Neighborhood Profile

Field · Minneapolis

Median reported rent1,858/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 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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 width56 ft

Buildable depth25 ft

Area~1,427 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 1,427 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4741 3RD AVE S MINNEAPOLIS MN 55419	SALVADOR CHYEREZ	RESIDENTIAL	$462,600	61 ft
300 48TH ST E MINNEAPOLIS MN 55419	BITNER BYRNE REV LIVING TR	RESIDENTIAL	$420,600	68 ft
302 48TH ST E MINNEAPOLIS MN 55419	REALLYFASTREALTY LLC	TRIPLEX	$241,600	71 ft
4737 3RD AVE S MINNEAPOLIS MN 55419	K M HARRINGTON & R H CHANG	RESIDENTIAL	$240,600	98 ft
4733 3RD AVE S MINNEAPOLIS MN 55419	J S & A M GRUBISICH	RESIDENTIAL	$397,900	137 ft
304 48TH ST E MINNEAPOLIS MN 55419	A ROSE & K S ROSE	RESIDENTIAL	$364,800	148 ft
4738 3RD AVE S MINNEAPOLIS MN 55419	TANYA LIBERATO	RESIDENTIAL	$465,500	163 ft
4744 3RD AVE S MINNEAPOLIS MN 55419	MICHAEL B & MICHELLE HYATT	RESIDENTIAL	$381,700	165 ft
4744 CLINTON AVE MINNEAPOLIS MN 55419	NANCY J ASHER REVOCAB TRUST	RESIDENTIAL	$275,200	170 ft
4734 3RD AVE S MINNEAPOLIS MN 55419	THE MACKEY/WARNER TRUST	RESIDENTIAL	$389,500	176 ft

Property History

Most Recent Sale

Date202509

Price$227,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,808