4840 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824130011

Property Overview

Parcel ID1502824130011

Lot Size5,094 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerANTHONY A KAMSTRA

Assessed Value$329,700

Land Value$129,000

Building Value$200,700

Annual Tax$4,848

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: Nov 2017 (res)

ResNov 2017Closed

Pronto Heating & Air Conditioning Inc

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 width30 ft

Buildable depth87 ft

Area~2,620 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 2,620 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4836 3RD AVE S MINNEAPOLIS MN 55419	JUAN CRUZ AGUILAR	RESIDENTIAL	$235,100	40 ft
4844 3RD AVE S MINNEAPOLIS MN 55419	AI TRAN LLC	RESIDENTIAL	$331,000	40 ft
4832 3RD AVE S MINNEAPOLIS MN 55419	D G & P A QUERNEMOEN	RESIDENTIAL	$289,900	80 ft
4848 3RD AVE S MINNEAPOLIS MN 55419	DAVID J JOHNSON ETAL	RESIDENTIAL	$240,500	80 ft
4852 3RD AVE S MINNEAPOLIS MN 55419	LAVONNE EASTER REV TRUST	RESIDENTIAL	$312,100	120 ft
4828 3RD AVE S MINNEAPOLIS MN 55419	RACHEL ALVAREZ	RESIDENTIAL	$348,900	130 ft
4841 2ND AVE S MINNEAPOLIS MN 55419	GENE FRANCIS RYAN	RESIDENTIAL	$331,700	141 ft
4845 2ND AVE S MINNEAPOLIS MN 55419	DANN F KRUEGER	RESIDENTIAL	$372,600	149 ft
4833 2ND AVE S MINNEAPOLIS MN 55419	MICHELLE WESTMARK	RESIDENTIAL	$335,500	156 ft
4856 3RD AVE S MINNEAPOLIS MN 55419	SARAH D BRUCE	RESIDENTIAL	$290,600	158 ft

Property History

Most Recent Sale

Date201403

Price$189,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,848