1305 50TH AVE N MINNEAPOLIS MN 55430

PID: 1211821230352

Property Overview

Parcel ID1211821230352

Lot Size4,856 sq ft (0.111 ac)

Lot Dimensions (est.)43 ft wide × 112 ft deep

Year Built2005

Property ClassRESIDENTIAL

OwnerNUR YUSEF

Assessed Value$366,600

Land Value$46,000

Building Value$320,600

Annual Tax$5,484

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

1 permit on record since 2017 · Most recent: Sep 2017 (res)

ResSep 2017Closed

ROYAL PLUMBING INC

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

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 width33 ft

Buildable depth73 ft

Area~2,401 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 2,401 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
1309 50TH AVE N MINNEAPOLIS MN 55430	ANANI ADJREKE	RESIDENTIAL	$343,200	44 ft
1301 50TH AVE N MINNEAPOLIS MN 55430	C PEICKERT & L SCHMALTZ	RESIDENTIAL	$358,600	45 ft
1311 50TH AVE N MINNEAPOLIS MN 55430	PARIS D GATLIN	RESIDENTIAL	$317,800	90 ft
4941 FREMONT AVE N MINNEAPOLIS MN 55430	OY PROPERTIES LLC	RESIDENTIAL	$171,100	93 ft
1313 50TH AVE N MINNEAPOLIS MN 55430	LAUREN L JONES	RESIDENTIAL	$374,700	134 ft
4937 FREMONT AVE N MINNEAPOLIS MN 55430	PAUL VRIONI	RESIDENTIAL	$154,700	135 ft
1215 50TH AVE N MINNEAPOLIS MN 55430	M S JOHNSON & P A JOHNSON	RESIDENTIAL	$427,200	153 ft
4940 GIRARD AVE N MINNEAPOLIS MN 55430	SCOTT A RAJEWSKY	RESIDENTIAL	$179,900	167 ft
1304 50TH AVE N MINNEAPOLIS MN 55430	PAGAYA SMART F1 F P O III LL	RESIDENTIAL	$376,400	172 ft
1308 50TH AVE N MINNEAPOLIS MN 55430	JOSHUA EDMON	RESIDENTIAL	$314,600	174 ft

Property History

Most Recent Sale

Date202003

Price$326,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,484