5034 EMERSON AVE N MINNEAPOLIS MN 55430

PID: 1211821230023

Property Overview

Parcel ID1211821230023

Lot Size5,430 sq ft (0.125 ac)

Lot Dimensions (est.)127 ft wide × 43 ft deep

Year Built1950

Property ClassLOW INCOME RENTAL

OwnerALLURE INVESTMENTS LLC

Assessed Value$218,100

Land Value$43,000

Building Value$175,100

Annual Tax$844

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2016 · Most recent: Jan 2017 (res)

ResJan 2017Closed

CENTERPOINT ENERGY

ResDec 2016Closed

Kevin Motarjemi

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

Neighborhood Profile

Lind - Bohanon · 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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth86 ft

Area~2,851 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 2,851 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5038 EMERSON AVE N MINNEAPOLIS MN 55430	SHERRY LEE MARTY ISAKSON	RESIDENTIAL	$248,800	42 ft
5030 EMERSON AVE N MINNEAPOLIS MN 55430	H J LOCKETT-EL/J LOCKETT-EL	RESIDENTIAL	$273,800	43 ft
5026 EMERSON AVE N MINNEAPOLIS MN 55430	LEE XIONG	RESIDENTIAL	$264,500	85 ft
5042 EMERSON AVE N MINNEAPOLIS MN 55430	SUE XIONG	RESIDENTIAL	$253,000	85 ft
5046 EMERSON AVE N MINNEAPOLIS MN 55430	DEBRA JEAN KRYCH	RESIDENTIAL	$280,400	127 ft
5022 EMERSON AVE N MINNEAPOLIS MN 55430	LOLA MAY HILL	RESIDENTIAL	$238,700	128 ft
5033 DUPONT AVE N MINNEAPOLIS MN 55430	ABAYNESH GEBRE TESSEMA	RESIDENTIAL	$179,500	141 ft
5037 DUPONT AVE N MINNEAPOLIS MN 55430	M L GARCIA & H L SALINAS	RESIDENTIAL	$144,600	147 ft
5029 DUPONT AVE N MINNEAPOLIS MN 55430	KENNETH D KROPELNICKI	RESIDENTIAL	$156,400	148 ft
5041 DUPONT AVE N MINNEAPOLIS MN 55430	TERRAN HENKE/LARRY DON HENKE	RESIDENTIAL	$139,900	165 ft

Property History

Most Recent Sale

Date201603

Price$80,764

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$844