1514 47TH ST E MINNEAPOLIS MN 55407

PID: 1402824120143

Property Overview

Parcel ID1402824120143

Lot Size4,919 sq ft (0.113 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerRICHARD LEE ANDERSON

Assessed Value$404,300

Land Value$160,000

Building Value$244,300

Annual Tax$6,092

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2025 · $4K total declared value · Most recent: Jan 2026 (res)

ResJan 2026Closed

ED BROWN PLUMBING LLC

RemodelDec 2025Final Inspection

$4K

Safe Step Walk In Tub LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Northrop · Minneapolis

Median reported rent1,090/mo

Renter-occupied19.0%

Median home value$334K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 110

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width108 ft

Buildable depth0 ft

Area~4 sqft

Lot dimensions are insufficient for the standard setbacks shown.

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 4 sqft buildable area.

Est. units

Yield on cost

6.3%

Spread

+0.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4642 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JOSEPH MARTIN	TRIPLEX	$492,300	40 ft
4638 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MARLENE M CARLSON	RESIDENTIAL	$273,500	90 ft
4700 BLOOMINGTON AVE MINNEAPOLIS MN 55407	OLSON FAMILY TRUST	RESIDENTIAL	$279,800	100 ft
4651 15TH AVE S MINNEAPOLIS MN 55407	BRYN R PETERSON	RESIDENTIAL	$361,300	137 ft
4634 BLOOMINGTON AVE MINNEAPOLIS MN 55407	CAROLYN FORMANEK LLC	RESIDENTIAL	$204,000	140 ft
4704 BLOOMINGTON AVE MINNEAPOLIS MN 55407	DARION FLETCHER	RESIDENTIAL-TWO UNIT	$428,400	140 ft
4647 15TH AVE S MINNEAPOLIS MN 55407	MARY ANN KASTORFF	RESIDENTIAL	$280,400	142 ft
4643 15TH AVE S MINNEAPOLIS MN 55407	JEFFREY & KATHLEEN WEIHE	RESIDENTIAL	$461,200	164 ft
4701 15TH AVE S MINNEAPOLIS MN 55407	JON C PENNINGTON ET AL	RESIDENTIAL	$377,300	169 ft
4630 BLOOMINGTON AVE S MINNEAPOLIS MN 55407	K CAMPBELL & J MESMACQUE	RESIDENTIAL-TWO UNIT	$372,500	180 ft

Property History

Most Recent Sale

Date200201

Price$210,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,092