4627 1ST AVE S MINNEAPOLIS MN 55419

PID: 1502824120032

Property Overview

Parcel ID1502824120032

Lot Size5,371 sq ft (0.123 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerM L WISNESKI & A L UPDIKE

Assessed Value$369,900

Land Value$150,000

Building Value$219,900

Annual Tax$5,540

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

4 permits on record since 2017 · $4K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

Water Heaters Now Inc

MiscDec 2021Closed

$4K

NORTHRUP REMODELING

ExistresApr 2019Closed

Swat Holdings LLC

ResJan 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Tangletown · Minneapolis

Median reported rent1,545/mo

Renter-occupied24.2%

Median home value$360K

Vacancy rate1.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1108

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 width32 ft

Buildable depth88 ft

Area~2,815 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 2,815 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4625 1ST AVE S MINNEAPOLIS MN 55419	S A MACDONALD & L J SCHMIDT	RESIDENTIAL	$362,800	42 ft
4629 1ST AVE S MINNEAPOLIS MN 55419	N M THOMPSON & G D LUCE	RESIDENTIAL	$344,000	42 ft
4621 1ST AVE S MINNEAPOLIS MN 55419	SANDRA L SULLIVAN	RESIDENTIAL	$393,400	84 ft
4633 1ST AVE S MINNEAPOLIS MN 55419	V & S GORI	RESIDENTIAL	$545,800	85 ft
4617 1ST AVE S MINNEAPOLIS MN 55419	ANGEL VIASCAN RIOS	RESIDENTIAL	$287,000	126 ft
4637 1ST AVE S MINNEAPOLIS MN 55419	BENJAMIN LEE DELWICHE	RESIDENTIAL	$377,600	128 ft
4626 STEVENS AVE MINNEAPOLIS MN 55419	SANDRA MARIE WESTON	RESIDENTIAL	$300,400	143 ft
4628 STEVENS AVE MINNEAPOLIS MN 55419	NICHOLAS WHITE/JESSICA WHITE	RESIDENTIAL	$377,000	148 ft
4624 STEVENS AVE MINNEAPOLIS MN 55419	C J KRULL & J R THURBER	RESIDENTIAL	$328,100	149 ft
4632 STEVENS AVE MINNEAPOLIS MN 55419	JOHN P KONICEK	RESIDENTIAL	$212,000	165 ft

Property History

Most Recent Sale

Date201904

Price$320,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,540