4923 42ND AVE S MINNEAPOLIS MN 55417

PID: 1802823140002

Property Overview

Parcel ID1802823140002

Lot Size3,125 sq ft (0.072 ac)

Lot Dimensions (est.)69 ft wide × 45 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerSTEVEN NELSON

Assessed Value$265,400

Land Value$99,000

Building Value$166,400

Annual Tax$4,093

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minnehaha · Minneapolis

Median reported rent1,555/mo

Renter-occupied20.2%

Median home value$286K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 119.98

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth36 ft

Area~1,490 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 small multifamily (2–4 units, wood frame) benchmarks for 1,490 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4925 42ND AVE S MINNEAPOLIS MN 55417	LEONARD D KLOSINSKI	RESIDENTIAL	$296,100	53 ft
4918 HIAWATHA AVE MINNEAPOLIS MN 55417	SALLY J EINHAUS	RESIDENTIAL	$272,500	76 ft
4916 HIAWATHA AVE MINNEAPOLIS MN 55417	A RAKOS & S J NELSON	RESIDENTIAL	$237,700	82 ft
4920 HIAWATHA AVE MINNEAPOLIS MN 55417	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	85 ft
4929 42ND AVE S MINNEAPOLIS MN 55417	M & K AUDETTE	RESIDENTIAL	$310,700	116 ft
4900 HIAWATHA AVE MINNEAPOLIS MN 55417	A RAKOS & S J NELSON	VACANT LAND-RESIDENTIAL	$107,000	138 ft
4926 HIAWATHA AVE MINNEAPOLIS MN 55417	JAMES PHILLIP WESTPHAL	RESIDENTIAL	$378,700	140 ft
4922 42ND AVE S MINNEAPOLIS MN 55417	S L THEESFELD ET AL TRUST	RESIDENTIAL	$392,400	160 ft
4926 42ND AVE S MINNEAPOLIS MN 55417	ANDREW TWITO & MEGAN TWITO	RESIDENTIAL-TWO UNIT	$425,000	163 ft
4918 42ND AVE S MINNEAPOLIS MN 55417	ROBIN HUIRAS/JOSEPH CARLSON	RESIDENTIAL	$445,100	181 ft

Property History

Most Recent Sale

Date201903

Price$207,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,093