1551 53RD ST E MINNEAPOLIS MN 55417

PID: 1402824440071

Property Overview

Parcel ID1402824440071

Lot Size5,293 sq ft (0.122 ac)

Lot Dimensions (est.)59 ft wide × 89 ft deep

Year Built1935

Property ClassRESIDENTIAL

OwnerCHARLES A LOES

Assessed Value$639,800

Land Value$207,000

Building Value$432,800

Annual Tax$10,356

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2019 · $108K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Final Inspection

$8K

Summit Construction Group

RemodelMar 2021Closed

$45K

Florek Innovations & Design LLC

ExistresFeb 2021Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

ResJan 2021Closed

Johnson Plumbing and Heating Co

MiscDec 2020Closed

$5K

STANDARD WATER CONTROL SYSTEMS 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

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 width41 ft

Buildable depth64 ft

Area~2,742 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 2,742 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1547 53RD ST E MINNEAPOLIS MN 55417	RICHARD LEGUS & MARIAH LEGUS	RESIDENTIAL	$547,200	42 ft
1609 53RD ST E MINNEAPOLIS MN 55417	K K SHELTON & K K VICKERY	RESIDENTIAL	$470,700	43 ft
1543 53RD ST E MINNEAPOLIS MN 55417	R J HAHLER & K B HAHLER	RESIDENTIAL	$531,700	82 ft
1539 53RD ST E MINNEAPOLIS MN 55417	K M HENSCHEL/L M PROCHASKA	RESIDENTIAL	$454,800	124 ft
5304 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	STEVEN R PETERSEN	RESIDENTIAL	$621,300	143 ft
1600 53RD ST E MINNEAPOLIS MN 55417	N JOHNSON & V JOHNSON	RESIDENTIAL	$544,800	145 ft
5300 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	GWENYTH A FISCHER	RESIDENTIAL	$702,400	146 ft
5317 CHATEAU PL MINNEAPOLIS MN 55417	NANCY CAIN SOMMERS	RESIDENTIAL	$553,300	147 ft
5315 CHATEAU PL MINNEAPOLIS MN 55417	R E TYBERG & L M TYBERG	RESIDENTIAL	$422,200	150 ft
5308 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	M ALEXANDER & A JONES	RESIDENTIAL	$645,200	156 ft

Property History

Most Recent Sale

Date201011

Price$370,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,356