4902 PENN AVE S MINNEAPOLIS MN 55419

PID: 1702824140138

Property Overview

Parcel ID1702824140138

Lot Size10,683 sq ft (0.245 ac)

Lot Dimensions (est.)126 ft wide × 85 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerE J KARAKASH & M S KARAKASH

Assessed Value$1,047,300

Land Value$501,000

Building Value$546,300

Annual Tax$18,064

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2012 · $198K total declared value · Most recent: Mar 2022 (res)

ResMar 2022Closed

Versant Plumbing Co

RemodelMar 2022Closed

$70K

TREHUS BUILDERS INC

ExistresMar 2022Closed

4Front Energy Solutions Inc

ExistresJun 2019Closed

Midwest Radon Specialists LLC

ResFeb 2017Closed

Adam's On-Time Plumbing & Water Heaters LLC

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

Neighborhood Profile

Fulton · Minneapolis

Median reported rent1,625/mo

Renter-occupied17.4%

Median home value$721K

Vacancy rate0.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 106

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 depth45 ft

Area~6,165 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 6,165 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4912 PENN AVE S MINNEAPOLIS MN 55419	G A WOYTHALER/T E WOYTHALER	RESIDENTIAL	$922,000	80 ft
4916 PENN AVE S MINNEAPOLIS MN 55419	PATRICIA A BARRY TRUST EL AL	RESIDENTIAL	$1,046,900	138 ft
4828 PENN AVE S MINNEAPOLIS MN 55419	MEGHAN MOORE/NATHANIEL MOORE	RESIDENTIAL	$1,067,400	139 ft
4901 QUEEN AVE S MINNEAPOLIS MN 55410	JOHN D GROSS	RESIDENTIAL	$1,182,000	140 ft
2223 49TH ST W MINNEAPOLIS MN 55419	W R LUNDBERG & L A LUNDBERG	RESIDENTIAL	$1,168,000	155 ft
4909 QUEEN AVE S MINNEAPOLIS MN 55410	J J TRAVIS & S I TRAVIS	RESIDENTIAL	$1,064,200	158 ft
4920 PENN AVE S MINNEAPOLIS MN 55419	CURTIS FOSTER	RESIDENTIAL-TWO UNIT	$629,000	178 ft
4835 QUEEN AVE S MINNEAPOLIS MN 55410	A C DAVILA & E G GLENNY	RESIDENTIAL	$1,007,200	191 ft
2219 49TH ST W MINNEAPOLIS MN 55419	KAREN VANBECK RABINOVICH TST	RESIDENTIAL	$916,900	199 ft
4919 QUEEN AVE S MINNEAPOLIS MN 55410	DANIEL E & ANNE E ARDEN	RESIDENTIAL	$1,162,900	201 ft

Property History

Most Recent Sale

Date201701

Price$890,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$18,064