4629 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824110106

Property Overview

Parcel ID1502824110106

Lot Size5,095 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1935

Property ClassRESIDENTIAL

OwnerD A MAILHOT & J I ARGENTI

Assessed Value$353,300

Land Value$120,000

Building Value$233,300

Annual Tax$5,242

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

No permits found in Minneapolis open data for this parcel.

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 depth87 ft

Area~2,621 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 2,621 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4633 3RD AVE S MINNEAPOLIS MN 55419	RACHEL M ENGH	RESIDENTIAL	$280,600	40 ft
4625 3RD AVE S MINNEAPOLIS MN 55419	N P SILKER & S B SILKER	RESIDENTIAL	$504,900	40 ft
4637 3RD AVE S MINNEAPOLIS MN 55419	LEAH SHAPIRO	RESIDENTIAL	$388,500	80 ft
4621 3RD AVE S MINNEAPOLIS MN 55419	R D HARMON & A B HARMON	RESIDENTIAL	$274,000	80 ft
4641 3RD AVE S MINNEAPOLIS MN 55419	HEATHER WHITE	RESIDENTIAL	$334,100	120 ft
4617 3RD AVE S MINNEAPOLIS MN 55419	OSMAN SHAFIE/RODA M OMAR	RESIDENTIAL	$249,000	120 ft
4628 CLINTON AVE MINNEAPOLIS MN 55419	FRANCESCA L DUARTE	RESIDENTIAL	$301,000	141 ft
4632 CLINTON AVE MINNEAPOLIS MN 55419	J L RASMUSSEN-JONES ET AL	RESIDENTIAL	$377,600	146 ft
4624 CLINTON AVE MINNEAPOLIS MN 55419	KRISTEN ANN NORMAN	RESIDENTIAL	$389,700	153 ft
4645 3RD AVE S MINNEAPOLIS MN 55419	GEORGE J SCOTT	RESIDENTIAL	$411,600	160 ft

Property History

Most Recent Sale

Date200510

Price$230,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,242