4501 47TH AVE S MINNEAPOLIS MN 55406

PID: 0802823330050

Property Overview

Parcel ID0802823330050

Lot Size5,004 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerT J LOURIS/M J GARVEY

Assessed Value$470,900

Land Value$176,000

Building Value$294,900

Annual Tax$7,231

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2021 · $129K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Expired

$16K

THE METAL ROOF COMPANY

ExistresJul 2022Closed

Perfection Heating and Air Conditioning Inc

RemodelJun 2022Closed

$79K

WHITE CRANE CONSTRUCTION

ResJun 2022Closed

Master Plumbing Services LLC

MiscMay 2022Closed

$8K

PELLA NORTHLAND

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

Neighborhood Profile

Hiawatha · Minneapolis

Median reported rent1,554/mo

Renter-occupied38.8%

Median home value$306K

Vacancy rate5.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1105

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width112 ft

Buildable depth0 ft

Area~2,297 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,297 sqft buildable area.

Est. units

Yield on cost

1.4%

Spread

-4.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4505 47TH AVE S MINNEAPOLIS MN 55406	JONATHAN SOSA/JESSICA SOSA	RESIDENTIAL	$331,000	40 ft
4509 47TH AVE S MINNEAPOLIS MN 55406	KIERSTEN HANSEN	RESIDENTIAL	$455,200	80 ft
4455 47TH AVE S MINNEAPOLIS MN 55406	S C RIEMER & M E LEARMONT	RESIDENTIAL	$441,000	101 ft
4515 47TH AVE S MINNEAPOLIS MN 55406	SOPHIA BARGHINI	RESIDENTIAL	$388,000	120 ft
4711 45TH ST E MINNEAPOLIS MN 55406	M A ERICKSON & M K ERICKSON	RESIDENTIAL	$442,000	138 ft
4451 47TH AVE S MINNEAPOLIS MN 55406	LAURA L STOLPE	RESIDENTIAL	$380,400	143 ft
4517 47TH AVE S MINNEAPOLIS MN 55406	K J MCDONALD & S E JACKS	RESIDENTIAL	$410,000	160 ft
4712 45TH ST E MINNEAPOLIS MN 55406	C WIGER / N P WIGER	RESIDENTIAL	$510,500	172 ft
4449 47TH AVE S MINNEAPOLIS MN 55406	MILTON W MOYA	RESIDENTIAL	$390,800	182 ft
4500 47TH AVE S MINNEAPOLIS MN 55406	K L M NOBLE & J MILES	RESIDENTIAL	$404,000	184 ft

Property History

Most Recent Sale

Date201601

Price$349,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,231