4741 2ND AVE S MINNEAPOLIS MN 55419

PID: 1502824120101

Property Overview

Parcel ID1502824120101

Lot Size6,352 sq ft (0.146 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerS TENPENNY & M STILES

Assessed Value$464,100

Land Value$119,000

Building Value$345,100

Annual Tax$7,090

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

3 permits on record since 2017 · $34K total declared value · Most recent: Nov 2021 (misc)

MiscNov 2021Closed

$26K

PELLA NORTHLAND

AdditionNov 2018Closed

$9K

NORTHRUP REMODELING

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth87 ft

Area~3,480 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 sfr / adu benchmarks for 3,480 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4745 2ND AVE S MINNEAPOLIS MN 55419	WILLIAM MILLESS & AMY LIND	RESIDENTIAL	$359,100	50 ft
4737 2ND AVE S MINNEAPOLIS MN 55419	SUSAN A WILSON	RESIDENTIAL	$320,400	50 ft
4733 2ND AVE S MINNEAPOLIS MN 55419	KRISTOPHER A SPIESZ	RESIDENTIAL	$350,000	100 ft
4744 3RD AVE S MINNEAPOLIS MN 55419	MICHAEL B & MICHELLE HYATT	RESIDENTIAL	$381,700	141 ft
4748 3RD AVE S MINNEAPOLIS MN 55419	SHERYL SCHWYHART	RESIDENTIAL	$453,200	148 ft
4738 3RD AVE S MINNEAPOLIS MN 55419	TANYA LIBERATO	RESIDENTIAL	$465,500	150 ft
4729 2ND AVE S MINNEAPOLIS MN 55419	NATHAN KELLY & HEATHER KELLY	RESIDENTIAL	$430,200	150 ft
4734 3RD AVE S MINNEAPOLIS MN 55419	THE MACKEY/WARNER TRUST	RESIDENTIAL	$389,500	174 ft
4725 2ND AVE S MINNEAPOLIS MN 55419	DEREK R MOBERG	RESIDENTIAL	$302,700	200 ft
205 48TH ST E MINNEAPOLIS MN 55419	KERRY JO BLOOMFIELD	RESIDENTIAL	$433,300	203 ft

Property History

Most Recent Sale

Date201605

Price$277,835

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,090