4622 1ST AVE S MINNEAPOLIS MN 55419

PID: 1502824120083

Property Overview

Parcel ID1502824120083

Lot Size5,213 sq ft (0.120 ac)

Lot Dimensions (est.)124 ft wide × 42 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerJ NARVEY & E MOREHOUSE

Assessed Value$473,000

Land Value$149,000

Building Value$324,000

Annual Tax$7,266

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $18K total declared value · Most recent: Jan 2024 (res)

ResJan 2024Closed

Minnesota Rusco Inc

RemodelJan 2024Closed

$10K

Minnesota Rusco Inc

ExistresAug 2021Closed

Genz-Ryan Plumbing and Heating Co

ResAug 2021Closed

Genz-Ryan Plumbing and Heating Co

ResSep 2020Closed

MN Plumbing & Home Services INC

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 depth84 ft

Area~2,691 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 2,691 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4620 1ST AVE S MINNEAPOLIS MN 55419	E SANCHEZ B/J ORTIZ-SANCHEZ	RESIDENTIAL	$282,000	42 ft
4624 1ST AVE S MINNEAPOLIS MN 55419	ISA H ERICKSON	RESIDENTIAL	$427,200	42 ft
4616 1ST AVE S MINNEAPOLIS MN 55419	TIMOTHY WITHERS ETAL	RESIDENTIAL	$332,900	84 ft
4628 1ST AVE S MINNEAPOLIS MN 55419	CHARLOTTE L E STOCKWELL TRST	RESIDENTIAL	$379,500	84 ft
4612 1ST AVE S MINNEAPOLIS MN 55419	J SILBAUGH & S B MUELLER	RESIDENTIAL	$402,400	126 ft
4632 1ST AVE S MINNEAPOLIS MN 55419	HOME360 LLC	RESIDENTIAL	$313,000	127 ft
4625 NICOLLET AVE MINNEAPOLIS MN 55419	JAMES M LENAHAN	CONDOMINIUM	$171,000	138 ft
4625 NICOLLET AVE MINNEAPOLIS MN 55419	T M & M E O'BRIEN	CONDOMINIUM	$171,000	138 ft
4625 NICOLLET AVE MINNEAPOLIS MN 55419	NILS SNYDER & WARREN SNYDER	CONDOMINIUM	$173,000	138 ft
4625 NICOLLET AVE MINNEAPOLIS MN 55419	WARREN SNYDER & NILS SNYDER	CONDOMINIUM	$173,000	138 ft

Property History

Most Recent Sale

Date202601

Price$511,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,266