4944 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824130113

Property Overview

Parcel ID1502824130113

Lot Size5,347 sq ft (0.123 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerAGNARS SVALBE

Assessed Value$226,400

Land Value$150,000

Building Value$76,400

Annual Tax$3,177

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 2017 · Most recent: Jan 2017 (res)

ResJan 2017Closed

CENTERPOINT ENERGY

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth87 ft

Area~2,793 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 2,793 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4940 3RD AVE S MINNEAPOLIS MN 55419	LARS GRANRUD	RESIDENTIAL	$307,700	42 ft
4948 3RD AVE S MINNEAPOLIS MN 55419	PAMELA D FRICKE CRUZ	RESIDENTIAL	$408,300	42 ft
4936 3RD AVE S MINNEAPOLIS MN 55419	JOSHUA M JOHNSON	RESIDENTIAL	$409,400	84 ft
4952 3RD AVE S MINNEAPOLIS MN 55419	P R HALLER/L LAU HALLER JL T	RESIDENTIAL	$432,300	84 ft
4932 3RD AVE S MINNEAPOLIS MN 55419	DAVID LAMB & LINDSEY LAMB	RESIDENTIAL	$368,900	126 ft
4945 2ND AVE S MINNEAPOLIS MN 55419	ALAN ROBERT GJENGDAHL	RESIDENTIAL	$330,200	141 ft
4941 2ND AVE S MINNEAPOLIS MN 55419	TIMOTHY L MOUNGER	RESIDENTIAL	$293,200	146 ft
4949 2ND AVE S MINNEAPOLIS MN 55419	J SCHULTZ & ANNE E PULS	RESIDENTIAL	$394,000	148 ft
4937 2ND AVE S MINNEAPOLIS MN 55419	C D SHEEHAN & M S-B SHEEHAN	RESIDENTIAL	$357,600	162 ft
4951 2ND AVE S MINNEAPOLIS MN 55419	ANNE LIFTON	RESIDENTIAL	$301,000	166 ft

Property History

Current Tax Year

Year2026

Tax Due$3,177