4551 E LAKE HARRIET PKWY MINNEAPOLIS MN 55419

PID: 0902824430043

Property Overview

Parcel ID0902824430043

Lot Size21,843 sq ft (0.501 ac)

Lot Dimensions (est.)254 ft wide × 86 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerJ J PHELPS/N MCGLYNN PHELPS

Assessed Value$3,943,600

Land Value$1,054,000

Building Value$2,889,600

Annual Tax$72,853

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2005 · $930K total declared value · Most recent: Jun 2023 (existres)

ExistresJun 2023Closed

NASSEFF MECHANICAL CONTRACTORS

ResApr 2021Closed

Weld and Sons Plumbing Inc

RemodelJul 2017Closed

$15K

H2 DEV INC

ResJul 2017Closed

Weld and Sons Plumbing Inc

MiscFeb 2017Closed

$50K

H2 DEV INC

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

Neighborhood Profile

East Harriet · Minneapolis

Median reported rent1,676/mo

Renter-occupied16.2%

Median home value$633K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 107

Market Snapshot

Zip code 55419

Median sale price$535K+0.3% YoY

Median price / sqft$293/sqft

Median days to close12 days

Active listings39

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 width241 ft

Buildable depth46 ft

Area~15,422 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 15,422 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
4541 E LAKE HARRIET PKWY MINNEAPOLIS MN 55419	4541 E. LAKE HARRIET REV TRU	RESIDENTIAL	$3,288,000	88 ft
4535 E LAKE HARRIET PKWY MINNEAPOLIS MN 55419	4535 E LAKE HARRIET TRUST	VACANT LAND-RESIDENTIAL	$981,500	163 ft
4601 HUMBOLDT AVE S MINNEAPOLIS MN 55419	GORELICK/BROADDUS LIV TRUST	RESIDENTIAL	$1,423,400	208 ft
4601 E LAKE HARRIET PKWY MINNEAPOLIS MN 55419	MARK DOERFLER/KARY DOERFLER	RESIDENTIAL	$1,724,800	218 ft
4546 FREMONT AVE S MINNEAPOLIS MN 55419	STEPHEN H SIGMOND TRUSTEE	RESIDENTIAL	$2,974,000	236 ft
4525 E LAKE HARRIET PKWY MINNEAPOLIS MN 55419	S M ROTHSCHILD ET AL	RESIDENTIAL	$2,387,500	250 ft
4609 HUMBOLDT AVE S MINNEAPOLIS MN 55419	M A JOHNSON & P J FITZGERALD	RESIDENTIAL	$811,400	269 ft
4605 E LAKE HARRIET PKWY MINNEAPOLIS MN 55419	JANE M JAROSCH TRUSTEE	RESIDENTIAL	$1,194,700	299 ft
4540 FREMONT AVE S MINNEAPOLIS MN 55419	DENVER S & NICOLE M GILLIAND	RESIDENTIAL	$1,837,000	301 ft
4600 FREMONT AVE S MINNEAPOLIS MN 55419	L S ELSENBAST/F P ELSENBAST	RESIDENTIAL	$1,897,100	316 ft

Property History

Most Recent Sale

Date199910

Price$2,300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$72,853