4810 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824130005

Property Overview

Parcel ID1502824130005

Lot Size7,640 sq ft (0.175 ac)

Lot Dimensions (est.)128 ft wide × 60 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerJOANNE E JOHNSON

Assessed Value$331,900

Land Value$152,000

Building Value$179,900

Annual Tax$4,885

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 · $90K total declared value · Most recent: Jul 2025 (res)

ResJul 2025Inspection

4Front Energy Solutions Inc

RemodelSep 2024Inspection

$90K

TUSK BUILDERS LLC

ResSep 2024Closed

4Front Energy Solutions Inc

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 rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

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 width50 ft

Buildable depth87 ft

Area~4,364 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 4,364 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4816 3RD AVE S MINNEAPOLIS MN 55419	SILAS MORGAN & LAURA MORGAN	RESIDENTIAL	$417,000	60 ft
215 48TH ST E MINNEAPOLIS MN 55419	JEAN JANAS & ADAM RITTER	RESIDENTIAL	$352,800	76 ft
221 48TH ST E MINNEAPOLIS MN 55419	JEFFREY E SUNDEM	RESIDENTIAL	$328,100	77 ft
205 48TH ST E MINNEAPOLIS MN 55419	KERRY JO BLOOMFIELD	RESIDENTIAL	$433,300	119 ft
4820 3RD AVE S MINNEAPOLIS MN 55419	MARABELLE MORGAN	RESIDENTIAL	$415,100	120 ft
4815 2ND AVE S MINNEAPOLIS MN 55419	JANE M BURBACH	RESIDENTIAL	$269,400	145 ft
4817 2ND AVE S MINNEAPOLIS MN 55419	NELDA BURNETT HUGGINS ET AL	RESIDENTIAL	$301,600	161 ft
203 48TH ST E MINNEAPOLIS MN 55419	LINDA HENN & DEBRA PIECZONKA	RESIDENTIAL	$520,000	178 ft
4828 3RD AVE S MINNEAPOLIS MN 55419	RACHEL ALVAREZ	RESIDENTIAL	$348,900	180 ft
4825 2ND AVE S MINNEAPOLIS MN 55419	WEDL FAMILY TRUST	RESIDENTIAL	$409,700	191 ft

Property History

Most Recent Sale

Date199404

Price$71,700

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,885