4900 1ST AVE S MINNEAPOLIS MN 55419

PID: 1502824130089

Property Overview

Parcel ID1502824130089

Lot Size5,677 sq ft (0.130 ac)

Lot Dimensions (est.)123 ft wide × 46 ft deep

Year Built1930

Property ClassRESIDENTIAL

OwnerJ A BAEWER & J R JUNION

Assessed Value$658,800

Land Value$220,000

Building Value$438,800

Annual Tax$10,715

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

6 permits on record since 2020 · $25K total declared value · Most recent: Aug 2025 (existres)

ExistresAug 2025Closed

Binder Heating and Air Conditioning Inc

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ExistresFeb 2024Closed

Hamlin Installations LLC

MiscJun 2023Closed

$25K

Kingfisher Construction

ExistresMar 2020Closed

Farr Plumbing and Heating LLC

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

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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 width110 ft

Buildable depth6 ft

Area~2,813 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 small multifamily (2–4 units, wood frame) benchmarks for 2,813 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4904 1ST AVE S MINNEAPOLIS MN 55419	TODD R OLIN & EMILY EW OLIN	RESIDENTIAL	$484,500	48 ft
4908 1ST AVE S MINNEAPOLIS MN 55419	S A MOEN & M E MOEN	RESIDENTIAL	$651,800	98 ft
4901 NICOLLET AVE MINNEAPOLIS MN 55419	JEFF FARMAKES	RESIDENTIAL	$393,000	136 ft
4905 NICOLLET AVE MINNEAPOLIS MN 55419	M BARNES & M GARCIA	RESIDENTIAL	$449,500	146 ft
4912 1ST AVE S MINNEAPOLIS MN 55419	ELLEN A JUNTUNEN	RESIDENTIAL	$510,100	148 ft
14 49TH ST E MINNEAPOLIS MN 55419	LAUREN HAVEMAN & K BERGMANN	RESIDENTIAL	$531,600	151 ft
18 49TH ST E MINNEAPOLIS MN 55419	R J THOMASGARD ET AL REV TR	RESIDENTIAL	$416,000	157 ft
4909 NICOLLET AVE MINNEAPOLIS MN 55419	LOGAN PRANEIS	RESIDENTIAL	$401,000	170 ft
22 49TH ST E MINNEAPOLIS MN 55419	JOHN P HAEG	RESIDENTIAL	$416,700	173 ft
4853 NICOLLET AVE MINNEAPOLIS MN 55419	WINCHELL PROPERTIES II LLC	RESIDENTIAL-TWO UNIT	$415,000	174 ft

Property History

Most Recent Sale

Date202112

Price$731,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,715