4916 1ST AVE S MINNEAPOLIS MN 55419

PID: 1502824130093

Property Overview

Parcel ID1502824130093

Lot Size6,166 sq ft (0.142 ac)

Lot Dimensions (est.)123 ft wide × 50 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerBARBARA J WEBSTER

Assessed Value$500,000

Land Value$227,000

Building Value$273,000

Annual Tax$7,690

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 2024 · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth83 ft

Area~3,332 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 3,332 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
4912 1ST AVE S MINNEAPOLIS MN 55419	ELLEN A JUNTUNEN	RESIDENTIAL	$510,100	50 ft
4920 1ST AVE S MINNEAPOLIS MN 55419	M A MOYSKI/J M FLAVIN	RESIDENTIAL	$774,000	50 ft
4908 1ST AVE S MINNEAPOLIS MN 55419	S A MOEN & M E MOEN	RESIDENTIAL	$651,800	100 ft
4924 1ST AVE S MINNEAPOLIS MN 55419	J A WATKINS & A ELFENBEIN	RESIDENTIAL	$724,500	105 ft
4917 NICOLLET AVE MINNEAPOLIS MN 55419	ERIC LARSON & MEGAN LARSON	RESIDENTIAL	$351,000	137 ft
4915 NICOLLET AVE MINNEAPOLIS MN 55419	N W HANSON & K M LAVOIE	RESIDENTIAL	$503,900	145 ft
4921 NICOLLET AVE MINNEAPOLIS MN 55419	BRITTA MEYER	RESIDENTIAL	$409,900	147 ft
4904 1ST AVE S MINNEAPOLIS MN 55419	TODD R OLIN & EMILY EW OLIN	RESIDENTIAL	$484,500	150 ft
4909 NICOLLET AVE MINNEAPOLIS MN 55419	LOGAN PRANEIS	RESIDENTIAL	$401,000	168 ft
4925 NICOLLET AVE MINNEAPOLIS MN 55419	JAMES DIERS & MARY PARKER	RESIDENTIAL	$416,900	170 ft

Property History

Current Tax Year

Year2026

Tax Due$7,690