4921 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1502824130095

Property Overview

Parcel ID1502824130095

Lot Size6,170 sq ft (0.142 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerBRITTA MEYER

Assessed Value$409,900

Land Value$179,000

Building Value$230,900

Annual Tax$6,186

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

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 depth83 ft

Area~3,335 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 3,335 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4925 NICOLLET AVE MINNEAPOLIS MN 55419	JAMES DIERS & MARY PARKER	RESIDENTIAL	$416,900	48 ft
4917 NICOLLET AVE MINNEAPOLIS MN 55419	ERIC LARSON & MEGAN LARSON	RESIDENTIAL	$351,000	50 ft
4929 NICOLLET AVE MINNEAPOLIS MN 55419	EMILY HONEK	RESIDENTIAL	$387,400	94 ft
4915 NICOLLET AVE MINNEAPOLIS MN 55419	N W HANSON & K M LAVOIE	RESIDENTIAL	$503,900	100 ft
4920 1ST AVE S MINNEAPOLIS MN 55419	M A MOYSKI/J M FLAVIN	RESIDENTIAL	$774,000	137 ft
4935 NICOLLET AVE MINNEAPOLIS MN 55419	JEREMY NELSON & SUSAN NELSON	RESIDENTIAL	$531,300	141 ft
4916 1ST AVE S MINNEAPOLIS MN 55419	BARBARA J WEBSTER	RESIDENTIAL	$500,000	147 ft
4924 1ST AVE S MINNEAPOLIS MN 55419	J A WATKINS & A ELFENBEIN	RESIDENTIAL	$724,500	147 ft
4909 NICOLLET AVE MINNEAPOLIS MN 55419	LOGAN PRANEIS	RESIDENTIAL	$401,000	150 ft
4912 1ST AVE S MINNEAPOLIS MN 55419	ELLEN A JUNTUNEN	RESIDENTIAL	$510,100	171 ft

Property History

Most Recent Sale

Date202204

Price$420,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,186