1109 50TH AVE N MINNEAPOLIS MN 55430

PID: 1211821230293

Property Overview

Parcel ID1211821230293

Lot Size4,762 sq ft (0.109 ac)

Lot Dimensions (est.)46 ft wide × 104 ft deep

Year Built2019

Property ClassRESIDENTIAL

OwnerMARTIN LIVING TRUST

Assessed Value$405,000

Land Value$45,000

Building Value$360,000

Annual Tax$6,128

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

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width35 ft

Buildable depth66 ft

Area~2,407 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 2,407 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1105 50TH AVE N MINNEAPOLIS MN 55430	BRETT T OLSON	RESIDENTIAL	$417,000	44 ft
1111 50TH AVE N MINNEAPOLIS MN 55430	M R ANDERSON & J L SELE	RESIDENTIAL	$410,100	46 ft
1101 50TH AVE N MINNEAPOLIS MN 55430	NEKIMA LEVY-POUNDS	RESIDENTIAL	$440,500	89 ft
1113 50TH AVE N MINNEAPOLIS MN 55430	ANDREW PAUL STENSRUD	RESIDENTIAL	$418,000	90 ft
4941 DUPONT AVE N MINNEAPOLIS MN 55430	ALEXIS PINA/JOHN WHEELER IV	RESIDENTIAL	$263,700	108 ft
4942 EMERSON AVE N MINNEAPOLIS MN 55430	KHUE T TRUONG PHAM	RESIDENTIAL	$201,100	134 ft
1115 50TH AVE N MINNEAPOLIS MN 55430	SARINA SIMMONS	RESIDENTIAL	$417,000	135 ft
4937 DUPONT AVE N MINNEAPOLIS MN 55430	KARMA K HAYES	RESIDENTIAL	$238,600	147 ft
1108 50TH AVE N MINNEAPOLIS MN 55430	REBECCA MARIE FLOYD	RESIDENTIAL	$405,500	165 ft
4938 EMERSON AVE N MINNEAPOLIS MN 55430	DEBRA K ABRAHAMSON	RESIDENTIAL	$210,100	167 ft

Property History

Most Recent Sale

Date201909

Price$351,945

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,128