1609 53RD ST E MINNEAPOLIS MN 55417

PID: 1402824440072

Property Overview

Parcel ID1402824440072

Lot Size5,267 sq ft (0.121 ac)

Lot Dimensions (est.)74 ft wide × 72 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerK K SHELTON & K K VICKERY

Assessed Value$470,700

Land Value$206,000

Building Value$264,700

Annual Tax$7,200

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2023 · $25K total declared value · Most recent: May 2026 (misc)

MiscMay 2026Final Inspection

$25K

KAUFMAN SHEET METAL ROOFING INC

ResApr 2026Closed

Warners Stellian Co Inc

ExistresOct 2023Closed

Pronto Heating & Air Conditioning 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 width40 ft

Buildable depth65 ft

Area~2,733 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 2,733 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
1551 53RD ST E MINNEAPOLIS MN 55417	CHARLES A LOES	RESIDENTIAL	$639,800	43 ft
1547 53RD ST E MINNEAPOLIS MN 55417	RICHARD LEGUS & MARIAH LEGUS	RESIDENTIAL	$547,200	84 ft
5304 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	STEVEN R PETERSEN	RESIDENTIAL	$621,300	101 ft
5300 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	GWENYTH A FISCHER	RESIDENTIAL	$702,400	105 ft
5308 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	M ALEXANDER & A JONES	RESIDENTIAL	$645,200	120 ft
1543 53RD ST E MINNEAPOLIS MN 55417	R J HAHLER & K B HAHLER	RESIDENTIAL	$531,700	124 ft
1600 53RD ST E MINNEAPOLIS MN 55417	N JOHNSON & V JOHNSON	RESIDENTIAL	$544,800	147 ft
5312 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	G J BENSON & A M BENSON	RESIDENTIAL	$666,500	154 ft
5317 CHATEAU PL MINNEAPOLIS MN 55417	NANCY CAIN SOMMERS	RESIDENTIAL	$553,300	155 ft
5321 CHATEAU PL MINNEAPOLIS MN 55417	L L ROTEGARD & N R DOUGHTY	RESIDENTIAL	$551,100	157 ft

Property History

Most Recent Sale

Date202107

Price$472,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,200