4624 4TH AVE S MINNEAPOLIS MN 55419

PID: 1502824110063

Property Overview

Parcel ID1502824110063

Lot Size5,155 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1947

Property ClassRESIDENTIAL-TWO UNIT

OwnerFOURTH AVENUE RENTALS LLC

Assessed Value$329,900

Land Value$127,000

Building Value$202,900

Annual Tax$6,241

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

2 permits on record since 2023 · $12K total declared value · Most recent: Aug 2023 (misc)

MiscAug 2023Closed

$5K

Reinert Exteriors Inc

MiscAug 2023Closed

$7K

Reinert Exteriors 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth89 ft

Area~2,666 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 small multifamily (2–4 units, wood frame) benchmarks for 2,666 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4620 4TH AVE S MINNEAPOLIS MN 55419	PAZLIE HAGEDORN	RESIDENTIAL-TWO UNIT	$301,400	40 ft
4628 4TH AVE S MINNEAPOLIS MN 55419	DONNA RENEE JONES	RESIDENTIAL	$311,700	40 ft
4616 4TH AVE S MINNEAPOLIS MN 55419	RHONDA FEIST	RESIDENTIAL	$246,400	80 ft
4632 4TH AVE S MINNEAPOLIS MN 55419	LAUREN A SCHMITZ	RESIDENTIAL	$285,700	80 ft
4612 4TH AVE S MINNEAPOLIS MN 55419	MALANEY PETERSON	RESIDENTIAL	$235,700	120 ft
4636 4TH AVE S MINNEAPOLIS MN 55419	BASRA HERSI	RESIDENTIAL	$462,000	120 ft
4625 CLINTON AVE MINNEAPOLIS MN 55419	GUILLERMO GIL SANCHEZ	RESIDENTIAL	$358,600	143 ft
4621 CLINTON AVE MINNEAPOLIS MN 55419	NATHANIEL FORWARD	RESIDENTIAL	$303,000	147 ft
4629 CLINTON AVE MINNEAPOLIS MN 55419	DEANNA L NIESEN	RESIDENTIAL	$283,800	149 ft
4608 4TH AVE S MINNEAPOLIS MN 55419	ALEXANDER CHRISTIAN EXSTED	RESIDENTIAL	$279,400	160 ft

Property History

Most Recent Sale

Date201205

Price$93,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,241