4853 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1502824130032

Property Overview

Parcel ID1502824130032

Lot Size6,481 sq ft (0.149 ac)

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

Year Built1952

Property ClassRESIDENTIAL-TWO UNIT

OwnerWINCHELL PROPERTIES II LLC

Assessed Value$415,000

Land Value$149,000

Building Value$266,000

Annual Tax$7,851

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 2018 · $5K total declared value · Most recent: Oct 2018 (misc)

MiscOct 2018Closed

$5K

R & R Roofing INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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

Front Street

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

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth10 ft

Area~3,136 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 3,136 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4849 NICOLLET AVE MINNEAPOLIS MN 55419	JACOB KOLSTAD	RESIDENTIAL	$472,000	51 ft
4845 NICOLLET AVE MINNEAPOLIS MN 55419	J W ERICSON & A L ERICSON	RESIDENTIAL	$600,200	100 ft
14 49TH ST E MINNEAPOLIS MN 55419	LAUREN HAVEMAN & K BERGMANN	RESIDENTIAL	$531,600	111 ft
4901 NICOLLET AVE MINNEAPOLIS MN 55419	JEFF FARMAKES	RESIDENTIAL	$393,000	115 ft
4841 NICOLLET AVE MINNEAPOLIS MN 55419	E E NAFZGER & S K NAFZGER	RESIDENTIAL-TWO UNIT	$508,700	150 ft
4905 NICOLLET AVE MINNEAPOLIS MN 55419	M BARNES & M GARCIA	RESIDENTIAL	$449,500	163 ft
18 49TH ST E MINNEAPOLIS MN 55419	R J THOMASGARD ET AL REV TR	RESIDENTIAL	$416,000	165 ft
4900 1ST AVE S MINNEAPOLIS MN 55419	J A BAEWER & J R JUNION	RESIDENTIAL	$658,800	174 ft
4837 NICOLLET AVE MINNEAPOLIS MN 55419	BRIAN P GYLLING	RESIDENTIAL-TWO UNIT	$495,600	200 ft
4904 1ST AVE S MINNEAPOLIS MN 55419	TODD R OLIN & EMILY EW OLIN	RESIDENTIAL	$484,500	209 ft

Property History

Current Tax Year

Year2026

Tax Due$7,851