1603 45TH AVE N MINNEAPOLIS MN 55412

PID: 1411821110050

Property Overview

Parcel ID1411821110050

Lot Size5,146 sq ft (0.118 ac)

Lot Dimensions (est.)61 ft wide × 85 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerTRISTAN VAN STONE

Assessed Value$292,000

Land Value$46,000

Building Value$246,000

Annual Tax$4,197

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $16K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

FIRESIDE HEARTH AND HOME

MiscJul 2024Closed

$16K

Manchac Roofing LLC

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResOct 2019Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ExistresJul 2017Closed

Modern Home Services LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Webber - Camden · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

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 width48 ft

Buildable depth45 ft

Area~2,152 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 2,152 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1609 45TH AVE N MINNEAPOLIS MN 55412	JOHN B HARRIS	RESIDENTIAL	$211,900	58 ft
4419 IRVING AVE N MINNEAPOLIS MN 55412	KOLLIN ROBERT KERR	RESIDENTIAL	$240,600	89 ft
1523 45TH AVE N MINNEAPOLIS MN 55412	D J GROW & J A GROW	RESIDENTIAL	$343,300	113 ft
1615 45TH AVE N MINNEAPOLIS MN 55412	WHITNEY EMANUEL	RESIDENTIAL	$259,600	114 ft
4415 IRVING AVE N MINNEAPOLIS MN 55412	DEAN WADE NELSON	RESIDENTIAL	$220,900	151 ft
1519 45TH AVE N MINNEAPOLIS MN 55412	RONALDA KENNEDY	RESIDENTIAL	$216,600	156 ft
4420 IRVING AVE N MINNEAPOLIS MN 55412	TIMOTHY STEIGER SCALLON	RESIDENTIAL	$223,800	186 ft
4422 JAMES AVE N MINNEAPOLIS MN 55412	BYRON L BOONE	RESIDENTIAL	$207,000	188 ft
4432 JAMES AVE N MINNEAPOLIS MN 55412	FEDERAL NATL MORTGAGE ASSN	RESIDENTIAL	$264,200	196 ft
4411 IRVING AVE N MINNEAPOLIS MN 55412	GABRIEL JACOBS-HURTUBISE	RESIDENTIAL	$242,500	199 ft

Property History

Most Recent Sale

Date202503

Price$275,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,197