4613 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824110110

Property Overview

Parcel ID1502824110110

Lot Size5,097 sq ft (0.117 ac)

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

Year Built1965

Property ClassRESIDENTIAL

OwnerBILLY R & SAUNDRA L HOLLIE

Assessed Value$290,000

Land Value$120,000

Building Value$170,000

Annual Tax$6,113

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

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth87 ft

Area~2,622 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 2,622 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
4617 3RD AVE S MINNEAPOLIS MN 55419	OSMAN SHAFIE/RODA M OMAR	RESIDENTIAL	$249,000	40 ft
4609 3RD AVE S MINNEAPOLIS MN 55419	E ZLAB & I GOLDENSE	RESIDENTIAL	$377,100	40 ft
4621 3RD AVE S MINNEAPOLIS MN 55419	R D HARMON & A B HARMON	RESIDENTIAL	$274,000	80 ft
4605 3RD AVE S MINNEAPOLIS MN 55419	NICOLE J KNIGHT	RESIDENTIAL	$307,800	80 ft
4601 3RD AVE S MINNEAPOLIS MN 55419	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$334,800	118 ft
4625 3RD AVE S MINNEAPOLIS MN 55419	N P SILKER & S B SILKER	RESIDENTIAL	$504,900	120 ft
4614 CLINTON AVE MINNEAPOLIS MN 55419	ANGELIQUE M VELASCO	RESIDENTIAL	$378,200	141 ft
4608 CLINTON AVE MINNEAPOLIS MN 55419	G M JOHNSON & J M ZATOR	RESIDENTIAL	$362,600	147 ft
4618 CLINTON AVE MINNEAPOLIS MN 55419	ANDREW HUNKLE	RESIDENTIAL	$300,000	149 ft
4629 3RD AVE S MINNEAPOLIS MN 55419	D A MAILHOT & J I ARGENTI	RESIDENTIAL	$353,300	160 ft

Property History

Current Tax Year

Year2026

Tax Due$6,113