1008 51ST ST E MINNEAPOLIS MN 55417

PID: 1402824310031

Property Overview

Parcel ID1402824310031

Lot Size5,824 sq ft (0.134 ac)

Lot Dimensions (est.)46 ft wide × 126 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerC SCHAFFHAUSEN/A HART

Assessed Value$627,700

Land Value$203,000

Building Value$424,700

Annual Tax$10,126

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

6 permits on record since 2014 · $129K total declared value · Most recent: Jun 2017 (existres)

ExistresJun 2017Closed

Midwest Radon Specialists LLC

ResJun 2017Closed

ProMech LLC

RemodelApr 2017Closed

$35K

QUARTERSAWN DESIGN BUILD

ResApr 2017Closed

KLINE CORP

ExistresApr 2017Closed

KLINE CORP

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 width36 ft

Buildable depth86 ft

Area~3,169 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 3,169 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
1012 51ST ST E MINNEAPOLIS MN 55417	G M OLSON & L L H OLSON	RESIDENTIAL	$513,700	38 ft
1004 51ST ST E MINNEAPOLIS MN 55417	O'LAUGHLIN SNOW FAMILY TRUST	RESIDENTIAL	$680,700	50 ft
1000 51ST ST E MINNEAPOLIS MN 55417	DOUGLAS SNAZA & LUCY SNAZA	RESIDENTIAL	$550,100	121 ft
5036 11TH AVE S MINNEAPOLIS MN 55417	ERIK WESTMAN	RESIDENTIAL	$589,700	139 ft
5040 11TH AVE S MINNEAPOLIS MN 55417	L HANSMANN & A HANSMANN	RESIDENTIAL	$566,600	141 ft
5032 11TH AVE S MINNEAPOLIS MN 55417	PAUL CHRISTIAN STEINER ET AL	RESIDENTIAL	$443,000	145 ft
5044 11TH AVE S MINNEAPOLIS MN 55417	P M NAGELL & K JACOBSON	RESIDENTIAL	$433,900	153 ft
5028 11TH AVE S MINNEAPOLIS MN 55417	MARK L BESSER ETAL	RESIDENTIAL	$459,700	159 ft
5101 10TH AVE S MINNEAPOLIS MN 55417	J DUFFICY & N DUFFICY	RESIDENTIAL	$534,800	166 ft
5024 11TH AVE S MINNEAPOLIS MN 55417	MARTHA L NORBY	RESIDENTIAL	$454,400	180 ft

Property History

Most Recent Sale

Date201310

Price$275,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,126