4651 EMERSON AVE N MINNEAPOLIS MN 55412

PID: 1211821330048

Property Overview

Parcel ID1211821330048

Lot Size5,200 sq ft (0.119 ac)

Lot Dimensions (est.)130 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerJOSEPH R CASSIDY

Assessed Value$189,400

Land Value$37,000

Building Value$152,400

Annual Tax$2,732

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 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

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 depth90 ft

Area~2,698 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 2,698 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
4655 EMERSON AVE N MINNEAPOLIS MN 55412	JESSICA DAWN ROTH	RESIDENTIAL	$156,100	40 ft
4647 EMERSON AVE N MINNEAPOLIS MN 55412	JODY M BREEDEN	RESIDENTIAL	$165,900	40 ft
4659 EMERSON AVE N MINNEAPOLIS MN 55412	HOLLY O'NEIL	RESIDENTIAL	$185,400	80 ft
4643 EMERSON AVE N MINNEAPOLIS MN 55412	CAG MINNESOTA FUND I LLC	RESIDENTIAL	$202,800	80 ft
4639 EMERSON AVE N MINNEAPOLIS MN 55412	JENNIFER BOYD	RESIDENTIAL	$169,500	120 ft
4650 FREMONT AVE N MINNEAPOLIS MN 55412	D A CROTEAU & B CROTEAU	RESIDENTIAL	$208,700	143 ft
4646 FREMONT AVE N MINNEAPOLIS MN 55412	JOSEFINA MUNIZ	RESIDENTIAL	$179,200	148 ft
4654 FREMONT AVE N MINNEAPOLIS MN 55412	CITY OF LKS COMM LAND TRUST	—	$214,400	149 ft
4635 EMERSON AVE N MINNEAPOLIS MN 55412	BRENT PARSHALL	RESIDENTIAL	$0	160 ft
4642 FREMONT AVE N MINNEAPOLIS MN 55412	WAYNE GORDON ROBERTS	RESIDENTIAL	$174,700	163 ft

Property History

Most Recent Sale

Date198602

Price$50,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,732