2909 50TH ST E MINNEAPOLIS MN 55417

PID: 1302824410085

Property Overview

Parcel ID1302824410085

Lot Size3,885 sq ft (0.089 ac)

Lot Dimensions (est.)64 ft wide × 61 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerASHLEY SIMON & JOSEPH SIMON

Assessed Value$298,300

Land Value$116,000

Building Value$182,300

Annual Tax$4,325

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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 rent1,481/mo

Renter-occupied13.7%

Median home value$353K

Vacancy rate3.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 118

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width54 ft

Buildable depth21 ft

Area~1,122 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 1,122 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2901 50TH ST E MINNEAPOLIS MN 55417	R E EIKAAS & L J LEPISTO	RESIDENTIAL	$287,400	64 ft
5007 29TH AVE S MINNEAPOLIS MN 55417	MIA FUHRMAN & JOSEPH GETTY	RESIDENTIAL	$487,900	69 ft
2919 50TH ST E MINNEAPOLIS MN 55417	ERIC A TOLLEFSON	RESIDENTIAL	$283,300	74 ft
5006 30TH AVE S MINNEAPOLIS MN 55417	5006 REALTY LLC	RESIDENTIAL	$399,500	120 ft
5015 29TH AVE S MINNEAPOLIS MN 55417	E A MCGRATH & T S MCGRATH	RESIDENTIAL	$335,300	125 ft
2925 50TH ST E MINNEAPOLIS MN 55417	LUKE ROSKE-METCALFE ET AL TR	RESIDENTIAL	$344,800	137 ft
5010 30TH AVE S MINNEAPOLIS MN 55417	D C WALKER & W S WALKER	RESIDENTIAL	$249,900	141 ft
2908 50TH ST E MINNEAPOLIS MN 55417	ANTHONY A BRAGA	RESIDENTIAL	$313,000	164 ft
5014 30TH AVE S MINNEAPOLIS MN 55417	C BALLINGER & N BALLINGER	RESIDENTIAL	$332,000	169 ft
5019 29TH AVE S MINNEAPOLIS MN 55417	MARGARET M PERRY ET AL	RESIDENTIAL	$368,200	174 ft

Property History

Most Recent Sale

Date201909

Price$301,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,325