4849 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1502824130031

Property Overview

Parcel ID1502824130031

Lot Size7,479 sq ft (0.172 ac)

Lot Dimensions (est.)150 ft wide × 50 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerJACOB KOLSTAD

Assessed Value$472,000

Land Value$157,000

Building Value$315,000

Annual Tax$7,222

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

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth110 ft

Area~4,382 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 4,382 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4845 NICOLLET AVE MINNEAPOLIS MN 55419	J W ERICSON & A L ERICSON	RESIDENTIAL	$600,200	51 ft
4853 NICOLLET AVE MINNEAPOLIS MN 55419	WINCHELL PROPERTIES II LLC	RESIDENTIAL-TWO UNIT	$415,000	51 ft
14 49TH ST E MINNEAPOLIS MN 55419	LAUREN HAVEMAN & K BERGMANN	RESIDENTIAL	$531,600	96 ft
4841 NICOLLET AVE MINNEAPOLIS MN 55419	E E NAFZGER & S K NAFZGER	RESIDENTIAL-TWO UNIT	$508,700	100 ft
18 49TH ST E MINNEAPOLIS MN 55419	R J THOMASGARD ET AL REV TR	RESIDENTIAL	$416,000	149 ft
4837 NICOLLET AVE MINNEAPOLIS MN 55419	BRIAN P GYLLING	RESIDENTIAL-TWO UNIT	$495,600	150 ft
4901 NICOLLET AVE MINNEAPOLIS MN 55419	JEFF FARMAKES	RESIDENTIAL	$393,000	165 ft
9 RUSTIC LODGE E MINNEAPOLIS MN 55419	D KUKIELKA & D C MOCK	RESIDENTIAL	$502,800	167 ft
22 49TH ST E MINNEAPOLIS MN 55419	JOHN P HAEG	RESIDENTIAL	$416,700	199 ft
17 RUSTIC LODGE E MINNEAPOLIS MN 55419	JAMES F & SHANNON M ALBRIGHT	RESIDENTIAL	$441,400	201 ft

Property History

Most Recent Sale

Date201804

Price$504,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,222