500 49TH AVE N MINNEAPOLIS MN 55430

PID: 1211821130140

Property Overview

Parcel ID1211821130140

Lot Size14,351 sq ft (0.329 ac)

Lot Dimensions (est.)156 ft wide × 92 ft deep

Year Built1980

Property ClassLOW INCOME RENTAL

OwnerASI HOMES INC

Assessed Value$428,100

Land Value$44,000

Building Value$384,100

Annual Tax$1,656

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,200/mo

Renter-occupied30.7%

Median home value$219K

Vacancy rate6.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1.02

Market Snapshot

Zip code 55430

Median sale price$285K+3.3% YoY

Median price / sqft$175/sqft

Median days to close36 days

Active listings37

Source: Redfin Data Center (Invalid Date) · Zip 55430

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width141 ft

Buildable depth52 ft

Area~5,795 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 3-story wood frame (5–12 units) benchmarks for 5,795 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4908 4TH CT N MINNEAPOLIS MN 55430	KHIA LEE	RESIDENTIAL	$244,100	94 ft
4859 LYNDALE AVE N MINNEAPOLIS MN 55430	KARUNAKARAN DURAI	LAND-COMMERCIAL	$0	144 ft
4914 4TH CT N MINNEAPOLIS MN 55430	BRANDON HOLLMAN	RESIDENTIAL	$238,500	157 ft
517 49TH AVE N MINNEAPOLIS MN 55430	GUILLERMO IBARRA TEJEDA ETAL	RESIDENTIAL	$222,600	162 ft
4857 LYNDALE AVE N MINNEAPOLIS MN 55430	CREATIVE MORTGAGE PARTNERS	RESIDENTIAL	$95,000	175 ft
4920 4TH CT N MINNEAPOLIS MN 55430	LOR C CHANG/NIXON PHENG LEE	RESIDENTIAL	$231,200	206 ft
523 49TH AVE N MINNEAPOLIS MN 55430	TAWANA D COLEMAN-COOPER	RESIDENTIAL	$270,000	209 ft
512 49TH AVE N MINNEAPOLIS MN 55430	VICTORY HEALTH REALTY LLC	MED/CARE FACILITY	$2,713,000	221 ft
4851 LYNDALE AVE N MINNEAPOLIS MN 55430	JUDITH XIONG & CLAYTON XIONG	RESIDENTIAL	$272,200	230 ft
531 49TH AVE N MINNEAPOLIS MN 55430	CHRISTOPHER J CARON	VACANT LAND-RESIDENTIAL	$35,000	259 ft

Property History

Current Tax Year

Year2026

Tax Due$1,656