1012 51ST ST E MINNEAPOLIS MN 55417

PID: 1402824310030

Property Overview

Parcel ID1402824310030

Lot Size5,962 sq ft (0.137 ac)

Lot Dimensions (est.)51 ft wide × 118 ft deep

Year Built1931

Property ClassRESIDENTIAL

OwnerG M OLSON & L L H OLSON

Assessed Value$513,700

Land Value$203,000

Building Value$310,700

Annual Tax$7,964

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

10 permits on record since 2012 · $218K total declared value · Most recent: Aug 2020 (misc)

MiscAug 2020Closed

$15K

Yanz Builders LLC

RemodelNov 2019Closed

$26K

Yanz Builders LLC

ResOct 2019Closed

Johnson Plumbing and Heating Co

MiscJun 2019Closed

$9K

WASHEK EXTERIORS INC

ExistresMay 2018Closed

Erickson Plumbing Heating Cooling Inc

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

Neighborhood Profile

Hale · Minneapolis

Median reported rent1,991/mo

Renter-occupied11.2%

Median home value$420K

Vacancy rate5.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 117.03

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

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 depth109 ft

Area~3,270 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 3,270 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1008 51ST ST E MINNEAPOLIS MN 55417	C SCHAFFHAUSEN/A HART	RESIDENTIAL	$627,700	38 ft
1004 51ST ST E MINNEAPOLIS MN 55417	O'LAUGHLIN SNOW FAMILY TRUST	RESIDENTIAL	$680,700	88 ft
5036 11TH AVE S MINNEAPOLIS MN 55417	ERIK WESTMAN	RESIDENTIAL	$589,700	101 ft
5040 11TH AVE S MINNEAPOLIS MN 55417	L HANSMANN & A HANSMANN	RESIDENTIAL	$566,600	104 ft
5032 11TH AVE S MINNEAPOLIS MN 55417	PAUL CHRISTIAN STEINER ET AL	RESIDENTIAL	$443,000	110 ft
5044 11TH AVE S MINNEAPOLIS MN 55417	P M NAGELL & K JACOBSON	RESIDENTIAL	$433,900	119 ft
5028 11TH AVE S MINNEAPOLIS MN 55417	MARK L BESSER ETAL	RESIDENTIAL	$459,700	129 ft
5024 11TH AVE S MINNEAPOLIS MN 55417	MARTHA L NORBY	RESIDENTIAL	$454,400	154 ft
1000 51ST ST E MINNEAPOLIS MN 55417	DOUGLAS SNAZA & LUCY SNAZA	RESIDENTIAL	$550,100	158 ft
5101 10TH AVE S MINNEAPOLIS MN 55417	J DUFFICY & N DUFFICY	RESIDENTIAL	$534,800	172 ft

Property History

Most Recent Sale

Date200912

Price$341,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,964