4837 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1502824130028

Property Overview

Parcel ID1502824130028

Lot Size6,485 sq ft (0.149 ac)

Lot Dimensions (est.)130 ft wide × 50 ft deep

Year Built1945

Property ClassRESIDENTIAL-TWO UNIT

OwnerBRIAN P GYLLING

Assessed Value$495,600

Land Value$149,000

Building Value$346,600

Annual Tax$7,616

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

Tangletown · Minneapolis

Median reported rent1,486/mo

Renter-occupied21.5%

Median home value$519K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1115

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth90 ft

Area~3,586 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 3-story wood frame (5–12 units) benchmarks for 3,586 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4841 NICOLLET AVE MINNEAPOLIS MN 55419	E E NAFZGER & S K NAFZGER	RESIDENTIAL-TWO UNIT	$508,700	50 ft
4831 NICOLLET AVE MINNEAPOLIS MN 55419	IBA PROPERTIES LLC	COMMERCIAL-PREFERRED	$761,500	54 ft
4845 NICOLLET AVE MINNEAPOLIS MN 55419	J W ERICSON & A L ERICSON	RESIDENTIAL	$600,200	100 ft
9 RUSTIC LODGE E MINNEAPOLIS MN 55419	D KUKIELKA & D C MOCK	RESIDENTIAL	$502,800	110 ft
4849 NICOLLET AVE MINNEAPOLIS MN 55419	JACOB KOLSTAD	RESIDENTIAL	$472,000	150 ft
17 RUSTIC LODGE E MINNEAPOLIS MN 55419	JAMES F & SHANNON M ALBRIGHT	RESIDENTIAL	$441,400	160 ft
8 RUSTIC LODGE E MINNEAPOLIS MN 55419	MELANIE BERGSTROM	RESIDENTIAL	$339,700	181 ft
4828 NICOLLET AVE MINNEAPOLIS MN 55419	ST JOHNS LUTHERAN CHURCH	LAND-COMMERCIAL	$0	183 ft
4815 NICOLLET AVE MINNEAPOLIS MN 55419	RUSTIC LODGE APARTMENTS LLC	APARTMENT	$1,535,000	185 ft
14 49TH ST E MINNEAPOLIS MN 55419	LAUREN HAVEMAN & K BERGMANN	RESIDENTIAL	$531,600	195 ft

Property History

Most Recent Sale

Date200406

Price$351,125

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,616