4900 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824130102

Property Overview

Parcel ID1502824130102

Lot Size5,349 sq ft (0.123 ac)

Lot Dimensions (est.)127 ft wide × 42 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerSUSAN K STENSLAND

Assessed Value$416,000

Land Value$150,000

Building Value$266,000

Annual Tax$6,288

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

8 permits on record since 2016 · $45K total declared value · Most recent: Mar 2026 (misc)

MiscMar 2026Closed

$7K

RENEWAL BY ANDERSEN CORP

ResNov 2021Closed

Minnesota Rusco Inc

RemodelNov 2021Closed

$9K

Minnesota Rusco Inc

ResSep 2021Closed

Water Heaters Now Inc

ResNov 2019Closed

Paladin Plumbing LLC

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

Neighborhood Profile

Field · Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width114 ft

Buildable depth2 ft

Area~2,533 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 sfr / adu benchmarks for 2,533 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4904 3RD AVE S MINNEAPOLIS MN 55419	BRITTANY G HAGAN	RESIDENTIAL	$473,000	42 ft
4908 3RD AVE S MINNEAPOLIS MN 55419	J L SPALDING & C J SPALDING	RESIDENTIAL	$334,300	89 ft
4856 3RD AVE S MINNEAPOLIS MN 55419	SARAH D BRUCE	RESIDENTIAL	$290,600	99 ft
4852 3RD AVE S MINNEAPOLIS MN 55419	LAVONNE EASTER REV TRUST	RESIDENTIAL	$312,100	136 ft
4912 3RD AVE S MINNEAPOLIS MN 55419	LUKE BURNS & LAUREN BRAND	RESIDENTIAL	$314,000	136 ft
4901 2ND AVE S MINNEAPOLIS MN 55419	GARRET J HATFIELD ET AL	RESIDENTIAL	$347,700	141 ft
4905 2ND AVE S MINNEAPOLIS MN 55419	BRITT LARSON & KIARA BOCK	RESIDENTIAL	$252,900	148 ft
4911 2ND AVE S MINNEAPOLIS MN 55419	MYRANDA HANLEY	RESIDENTIAL	$299,100	169 ft
4855 2ND AVE S MINNEAPOLIS MN 55419	G H RASMUSSON/D L RASMUSSON	RESIDENTIAL	$378,400	175 ft
4848 3RD AVE S MINNEAPOLIS MN 55419	DAVID J JOHNSON ETAL	RESIDENTIAL	$240,500	177 ft

Property History

Most Recent Sale

Date200101

Price$212,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,288