5045 15TH AVE S MINNEAPOLIS MN 55417

PID: 1402824420019

Property Overview

Parcel ID1402824420019

Lot Size4,932 sq ft (0.113 ac)

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

Year Built1927

Property ClassRESIDENTIAL

OwnerJ R IVERSON & A R IVERSON

Assessed Value$443,000

Land Value$199,000

Building Value$244,000

Annual Tax$6,738

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $82K total declared value · Most recent: Dec 2023 (res)

ResDec 2023Closed

4Front Energy Solutions Inc

ExistresDec 2023Closed

4Front Energy Solutions Inc

ResNov 2023Closed

Gust Plumbing Inc

RemodelNov 2023Closed

$80K

METAMORPHOSIS GROUP INC

MiscSep 2019Closed

$2K

NOKOMIS ROOFING CO

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth83 ft

Area~2,498 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 small multifamily (2–4 units, wood frame) benchmarks for 2,498 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5049 15TH AVE S MINNEAPOLIS MN 55417	REID A STRAND	RESIDENTIAL	$410,800	40 ft
5041 15TH AVE S MINNEAPOLIS MN 55417	J D HUTT & H A GAUTHIER	RESIDENTIAL	$484,300	40 ft
5053 15TH AVE S MINNEAPOLIS MN 55417	F F MORESCALCHI & J L OLSSON	RESIDENTIAL	$421,100	80 ft
5037 15TH AVE S MINNEAPOLIS MN 55417	M A WELTER & D J HELLWIG	RESIDENTIAL	$353,000	80 ft
5057 15TH AVE S MINNEAPOLIS MN 55417	G J SENDEN & P D RUCHTI	RESIDENTIAL	$413,600	120 ft
5033 15TH AVE S MINNEAPOLIS MN 55417	R A ANDERSON & J L ANDERSON	RESIDENTIAL	$555,700	120 ft
5044 BLOOMINGTON AVE MINNEAPOLIS MN 55417	RYAN VAN THORRE	RESIDENTIAL-TWO UNIT	$476,700	137 ft
5040 BLOOMINGTON AVE MINNEAPOLIS MN 55417	SARA CONWAY & KYLE J CONWAY	RESIDENTIAL	$340,900	143 ft
5048 BLOOMINGTON AVE MINNEAPOLIS MN 55417	PATRICIA A KRIEGLER	RESIDENTIAL	$335,900	143 ft
5052 BLOOMINGTON AVE MINNEAPOLIS MN 55417	MARIE BROUSEK	RESIDENTIAL	$478,200	158 ft

Property History

Most Recent Sale

Date200909

Price$331,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,738