4850 EMERSON AVE N MINNEAPOLIS MN 55430

PID: 1211821320028

Property Overview

Parcel ID1211821320028

Lot Size5,141 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1942

Property ClassLOW INCOME RENTAL

OwnerLAWRENCE & S JACOBSON TRUST

Assessed Value$196,400

Land Value$37,000

Building Value$159,400

Annual Tax$943

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

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 width30 ft

Buildable depth89 ft

Area~2,655 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 2,655 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4846 EMERSON AVE N MINNEAPOLIS MN 55430	SALEE VANG	RESIDENTIAL	$229,400	40 ft
4854 EMERSON AVE N MINNEAPOLIS MN 55430	M A KLATTE & A G D KLATTE	RESIDENTIAL	$172,300	40 ft
4842 EMERSON AVE N MINNEAPOLIS MN 55430	ACACIA IDEZ HARRIS	RESIDENTIAL	$202,000	80 ft
4858 EMERSON AVE N MINNEAPOLIS MN 55430	RAGHNI RAMRUP	RESIDENTIAL	$327,600	80 ft
4838 EMERSON AVE N MINNEAPOLIS MN 55430	4838 EMERSON AVE NORTH LLC	RESIDENTIAL	$194,200	120 ft
4851 DUPONT AVE N MINNEAPOLIS MN 55430	MICHELIN PROPERTIES LLC	RESIDENTIAL	$120,000	142 ft
4855 DUPONT AVE N MINNEAPOLIS MN 55430	CHRISTI L/DAVID C MARTINSON	RESIDENTIAL	$193,600	147 ft
4847 DUPONT AVE N MINNEAPOLIS MN 55430	ANTONIO J CASTRO JR	RESIDENTIAL	$249,100	148 ft
4834 EMERSON AVE N MINNEAPOLIS MN 55430	YAZMIN M CLARK	RESIDENTIAL	$210,900	160 ft
4859 DUPONT AVE N MINNEAPOLIS MN 55430	DAVID E & SALLIE A WHITEFORD	RESIDENTIAL	$246,600	162 ft

Property History

Most Recent Sale

Date201205

Price$52,777

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$943