1538 54TH ST E MINNEAPOLIS MN 55417

PID: 1402824440079

Property Overview

Parcel ID1402824440079

Lot Size6,258 sq ft (0.144 ac)

Lot Dimensions (est.)51 ft wide × 124 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerD J WOOD & S A PERLEBERG

Assessed Value$543,600

Land Value$233,000

Building Value$310,600

Annual Tax$8,536

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $56K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$10K

Holmlund Masonry Inc

ExistresJul 2023Closed

Perfection Heating and Air Conditioning Inc

RemodelMay 2023Final Inspection

$32K

BARRY MARKUS REMODELING INC

ResMay 2023Expired

Piperight Plumbing Inc

MiscJan 2023Closed

$11K

Safe Basements of MN

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 depth85 ft

Area~3,407 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 3,407 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1542 54TH ST E MINNEAPOLIS MN 55417	AMY M ABRAHAM ET AL	RESIDENTIAL	$423,200	50 ft
1534 54TH ST E MINNEAPOLIS MN 55417	NEAL & KAREN ANN ST ANTHONY	RESIDENTIAL	$583,400	50 ft
1530 54TH ST E MINNEAPOLIS MN 55417	MARCUS J MITTELSTEADT	RESIDENTIAL-TWO UNIT	$542,700	100 ft
5337 BLOOMINGTON AVE MINNEAPOLIS MN 55417	I MCLELLAN & L MCLELLAN	RESIDENTIAL	$626,700	135 ft
5340 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	S K DUTCHER & K DUTCHER	RESIDENTIAL	$790,000	137 ft
5336 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	T DOUGHERTY & K DOUGHERTY	RESIDENTIAL	$557,100	150 ft
1526 54TH ST E MINNEAPOLIS MN 55417	J & J ROKKE	RESIDENTIAL	$676,700	150 ft
5328 CHATEAU PL MINNEAPOLIS MN 55417	PETER W & DEANNA L BOSS	RESIDENTIAL	$617,300	178 ft
5332 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	AMY L STRABALA	RESIDENTIAL	$606,300	179 ft
5333 BLOOMINGTON AVE MINNEAPOLIS MN 55417	ABIRAMI TARA SOTHY	RESIDENTIAL-TWO UNIT	$687,600	182 ft

Property History

Most Recent Sale

Date202009

Price$400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,536