4856 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824130015

Property Overview

Parcel ID1502824130015

Lot Size4,519 sq ft (0.104 ac)

Lot Dimensions (est.)127 ft wide × 35 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerSARAH D BRUCE

Assessed Value$290,600

Land Value$120,000

Building Value$170,600

Annual Tax$4,196

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

No permits found in Minneapolis open data for this parcel.

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width114 ft

Buildable depth0 ft

Area~1,964 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,964 sqft buildable area.

Est. units

Yield on cost

1.7%

Spread

-3.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4852 3RD AVE S MINNEAPOLIS MN 55419	LAVONNE EASTER REV TRUST	RESIDENTIAL	$312,100	38 ft
4848 3RD AVE S MINNEAPOLIS MN 55419	DAVID J JOHNSON ETAL	RESIDENTIAL	$240,500	78 ft
4900 3RD AVE S MINNEAPOLIS MN 55419	SUSAN K STENSLAND	RESIDENTIAL	$416,000	99 ft
4844 3RD AVE S MINNEAPOLIS MN 55419	AI TRAN LLC	RESIDENTIAL	$331,000	117 ft
4855 2ND AVE S MINNEAPOLIS MN 55419	G H RASMUSSON/D L RASMUSSON	RESIDENTIAL	$378,400	141 ft
4904 3RD AVE S MINNEAPOLIS MN 55419	BRITTANY G HAGAN	RESIDENTIAL	$473,000	141 ft
4847 2ND AVE S MINNEAPOLIS MN 55419	G S BARTZ & N J KAPAUN	RESIDENTIAL	$354,000	152 ft
4840 3RD AVE S MINNEAPOLIS MN 55419	ANTHONY A KAMSTRA	RESIDENTIAL	$329,700	158 ft
4901 2ND AVE S MINNEAPOLIS MN 55419	GARRET J HATFIELD ET AL	RESIDENTIAL	$347,700	174 ft
4845 2ND AVE S MINNEAPOLIS MN 55419	DANN F KRUEGER	RESIDENTIAL	$372,600	178 ft

Property History

Most Recent Sale

Date201804

Price$265,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,196