4715 2ND AVE S MINNEAPOLIS MN 55419

PID: 1502824120108

Property Overview

Parcel ID1502824120108

Lot Size6,360 sq ft (0.146 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerPATRICIA L WALSTEAD

Assessed Value$284,500

Land Value$119,000

Building Value$165,500

Annual Tax$4,095

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

7 permits on record since 2019 · $24K total declared value · Most recent: Mar 2026 (res)

ResMar 2026Closed

JD Mechanical

ExistresAug 2025Inspection

Home Energy Center Inc

MiscMar 2025Closed

$13K

LEGACY RESTORATION LLC

RemodelJan 2025Final Inspection

$5K

Mad City Windows & Bath

ResDec 2024Closed

Mad City Windows & Bath

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~3,487 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 3,487 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
4717 2ND AVE S MINNEAPOLIS MN 55419	J LAYER / S J BERKHOLTZ	RESIDENTIAL	$325,600	50 ft
4711 2ND AVE S MINNEAPOLIS MN 55419	H T HEDLUND & M C SNELL	RESIDENTIAL	$338,000	50 ft
4721 2ND AVE S MINNEAPOLIS MN 55419	T D CHASE & H L CHASE	RESIDENTIAL	$391,000	100 ft
4707 2ND AVE S MINNEAPOLIS MN 55419	JESSIE M HILL	RESIDENTIAL	$302,100	100 ft
4712 3RD AVE S MINNEAPOLIS MN 55419	MARSHIE L ALLEN	RESIDENTIAL	$301,100	141 ft
4716 3RD AVE S MINNEAPOLIS MN 55419	MELISSA PAVEY	RESIDENTIAL	$340,300	148 ft
4701 2ND AVE S MINNEAPOLIS MN 55419	JENNA E STANGLAND	RESIDENTIAL	$350,400	148 ft
4725 2ND AVE S MINNEAPOLIS MN 55419	DEREK R MOBERG	RESIDENTIAL	$302,700	150 ft
4710 3RD AVE S MINNEAPOLIS MN 55419	SARAH MARIE ESCHWEILER	RESIDENTIAL	$320,000	151 ft
4720 3RD AVE S MINNEAPOLIS MN 55419	K A BIEGLER & D S BIEGLER	RESIDENTIAL	$468,700	171 ft

Property History

Most Recent Sale

Date202410

Price$323,200

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,095