1505 50TH ST E MINNEAPOLIS MN 55417

PID: 1402824420029

Property Overview

Parcel ID1402824420029

Lot Size5,992 sq ft (0.138 ac)

Lot Dimensions (est.)124 ft wide × 49 ft deep

Year Built1949

Property ClassRESIDENTIAL

OwnerKEITH LAWRENCE & KELLY NESS

Assessed Value$418,200

Land Value$239,000

Building Value$179,200

Annual Tax$6,325

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $17K total declared value · Most recent: Jul 2024 (existres)

ExistresJul 2024Closed

WOODLAND STOVES & FIREPLACES

ResAug 2023Closed

Keith Lawrence

ExistresSep 2021Closed

Keith Lawrence

ResJun 2021Closed

Janecky Plumbing Service Inc

RemodelMay 2021Closed

$17K

Keith Lawrence

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

Front Street

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

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width111 ft

Buildable depth9 ft

Area~897 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 897 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5009 15TH AVE S MINNEAPOLIS MN 55417	GRACE PARKS & JEFF PARKS	RESIDENTIAL	$482,800	46 ft
5015 15TH AVE S MINNEAPOLIS MN 55417	ROLLINGS-LAIRD REVOC FAM TR	RESIDENTIAL	$444,400	86 ft
5017 15TH AVE S MINNEAPOLIS MN 55417	T A SCHULTZ & A L ELLINGHAM	RESIDENTIAL	$431,700	126 ft
5000 BLOOMINGTON AVE MINNEAPOLIS MN 55417	MAUREEN KRANZ	RESIDENTIAL-TWO UNIT	$594,600	131 ft
5008 BLOOMINGTON AVE MINNEAPOLIS MN 55417	LEANNE R PEARSON	RESIDENTIAL-TWO UNIT	$511,300	134 ft
5012 BLOOMINGTON AVE MINNEAPOLIS MN 55417	CAROL J BRENNER	RESIDENTIAL-TWO UNIT	$423,100	154 ft
5021 15TH AVE S MINNEAPOLIS MN 55417	L J MURRAY & J A HUEBENER	RESIDENTIAL	$479,100	166 ft
5016 BLOOMINGTON AVE MINNEAPOLIS MN 55417	J B CAPRA & L C TOFTNER	RESIDENTIAL	$365,800	179 ft
5004 15TH AVE S MINNEAPOLIS MN 55417	JARI ZOLLER & NATALIE ZOLLER	RESIDENTIAL	$530,000	196 ft
5025 15TH AVE S MINNEAPOLIS MN 55417	D J & L FREVERT	RESIDENTIAL	$396,500	206 ft

Property History

Most Recent Sale

Date202010

Price$335,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,325