4609 2ND AVE S MINNEAPOLIS MN 55419

PID: 1502824120059

Property Overview

Parcel ID1502824120059

Lot Size5,359 sq ft (0.123 ac)

Lot Dimensions (est.)128 ft wide × 42 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerPAUL LEONARD ANDERSON

Assessed Value$281,000

Land Value$110,000

Building Value$171,000

Annual Tax$4,036

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

1 permit on record since 2017 · Most recent: Jan 2017 (res)

ResJan 2017Closed

CENTERPOINT ENERGY

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

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 width32 ft

Buildable depth88 ft

Area~2,802 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 2,802 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4615 2ND AVE S MINNEAPOLIS MN 55419	RICHARD SENG	RESIDENTIAL	$309,000	42 ft
4605 2ND AVE S MINNEAPOLIS MN 55419	T J BURNS II & J J BURNS	RESIDENTIAL	$305,300	42 ft
4617 2ND AVE S MINNEAPOLIS MN 55419	FREDERICK J RICHARDSON	RESIDENTIAL	$255,400	84 ft
4601 2ND AVE S MINNEAPOLIS MN 55419	LESLIE NICOLE YORK TRUST	RESIDENTIAL	$278,000	85 ft
4621 2ND AVE S MINNEAPOLIS MN 55419	KRISSA J OLSON & EDICK WADE	RESIDENTIAL	$404,000	126 ft
4608 3RD AVE S MINNEAPOLIS MN 55419	MINNEAPOLIS SOUTH PROPS LLC	RESIDENTIAL	$248,300	141 ft
4612 3RD AVE S MINNEAPOLIS MN 55419	G DOUGLAS MACGIBBON	RESIDENTIAL	$208,100	146 ft
4604 3RD AVE S MINNEAPOLIS MN 55419	ANTHONY DAVID TRELLES & WIFE	RESIDENTIAL	$358,200	148 ft
4616 3RD AVE S MINNEAPOLIS MN 55419	Z BODENNER & S SMETANA	RESIDENTIAL	$281,800	163 ft
4600 3RD AVE S MINNEAPOLIS MN 55419	DYLAN MICHALEC/BROOKE GRIMM	RESIDENTIAL	$270,800	166 ft

Property History

Most Recent Sale

Date199210

Price$40,000

Type—

Current Tax Year

Year2026

Tax Due$4,036