4901 2ND AVE S MINNEAPOLIS MN 55419

PID: 1502824130129

Property Overview

Parcel ID1502824130129

Lot Size5,344 sq ft (0.123 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerGARRET J HATFIELD ET AL

Assessed Value$347,700

Land Value$118,000

Building Value$229,700

Annual Tax$5,148

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

2 permits on record since 2017 · Most recent: Apr 2026 (existres)

ExistresApr 2026Inspection

Standard Heating and Air Conditioning Inc

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

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~2,530 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 2,530 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4905 2ND AVE S MINNEAPOLIS MN 55419	BRITT LARSON & KIARA BOCK	RESIDENTIAL	$252,900	42 ft
4911 2ND AVE S MINNEAPOLIS MN 55419	MYRANDA HANLEY	RESIDENTIAL	$299,100	89 ft
4855 2ND AVE S MINNEAPOLIS MN 55419	G H RASMUSSON/D L RASMUSSON	RESIDENTIAL	$378,400	107 ft
4913 2ND AVE S MINNEAPOLIS MN 55419	BRANDON L SMITH	RESIDENTIAL	$322,100	136 ft
4900 3RD AVE S MINNEAPOLIS MN 55419	SUSAN K STENSLAND	RESIDENTIAL	$416,000	141 ft
4904 3RD AVE S MINNEAPOLIS MN 55419	BRITTANY G HAGAN	RESIDENTIAL	$473,000	146 ft
4847 2ND AVE S MINNEAPOLIS MN 55419	G S BARTZ & N J KAPAUN	RESIDENTIAL	$354,000	159 ft
4908 3RD AVE S MINNEAPOLIS MN 55419	J L SPALDING & C J SPALDING	RESIDENTIAL	$334,300	165 ft
4856 3RD AVE S MINNEAPOLIS MN 55419	SARAH D BRUCE	RESIDENTIAL	$290,600	174 ft
4917 2ND AVE S MINNEAPOLIS MN 55419	TERRY SCOTT BAKER	RESIDENTIAL	$243,400	178 ft

Property History

Current Tax Year

Year2026

Tax Due$5,148