4901 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824140058

Property Overview

Parcel ID1502824140058

Lot Size5,994 sq ft (0.138 ac)

Lot Dimensions (est.)126 ft wide × 48 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerM BROSE & M GARDNER

Assessed Value$366,300

Land Value$158,000

Building Value$208,300

Annual Tax$5,459

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $24K total declared value · Most recent: Jul 2022 (misc)

MiscJul 2022Closed

$20K

Close To Home Construction LLC

ExistresSep 2019Closed

Marsh Heating & Air Conditioning Co Inc

MiscSep 2017Closed

$4K

Holmlund Masonry 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 width113 ft

Buildable depth8 ft

Area~2,972 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 2,972 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4905 3RD AVE S MINNEAPOLIS MN 55419	MOLLY SCHOCK/TRACY TOSTENSON	RESIDENTIAL	$431,900	46 ft
4909 3RD AVE S MINNEAPOLIS MN 55419	CARTER A MAXWELL/ANISSA MIKE	RESIDENTIAL	$484,600	91 ft
4857 3RD AVE S MINNEAPOLIS MN 55419	L WOODS & J WIEMOLD	RESIDENTIAL	$354,700	108 ft
4915 3RD AVE S MINNEAPOLIS MN 55419	SUSAN C STROTHMAN ET AL	RESIDENTIAL	$389,800	137 ft
4900 CLINTON AVE MINNEAPOLIS MN 55419	STARKEY FAMILY TRUST	RESIDENTIAL	$517,400	140 ft
4904 CLINTON AVE MINNEAPOLIS MN 55419	M C LENNICK & D LENNICK	RESIDENTIAL	$595,500	146 ft
4853 3RD AVE S MINNEAPOLIS MN 55419	ANDREW SCHMIDT	RESIDENTIAL	$291,900	152 ft
4908 CLINTON AVE MINNEAPOLIS MN 55419	ALISON MOORE/EDWARD P STASH	RESIDENTIAL	$474,100	165 ft
318 49TH ST E MINNEAPOLIS MN 55419	T A FARRELL & T K FARRELL	RESIDENTIAL	$305,100	175 ft
4917 3RD AVE S MINNEAPOLIS MN 55419	MARCIA A MILLER	RESIDENTIAL	$406,400	183 ft

Property History

Most Recent Sale

Date202307

Price$400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,459