1511 45TH AVE N MINNEAPOLIS MN 55412

PID: 1411821110055

Property Overview

Parcel ID1411821110055

Lot Size4,909 sq ft (0.113 ac)

Lot Dimensions (est.)45 ft wide × 108 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerARLENE DEMAR & JAMES P DEMAR

Assessed Value$222,200

Land Value$45,000

Building Value$177,200

Annual Tax$3,039

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

1 permit on record since 2020 · Most recent: Feb 2020 (res)

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width34 ft

Buildable depth72 ft

Area~2,437 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 2,437 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1505 45TH AVE N MINNEAPOLIS MN 55412	S L CARPENTER & M D HAZEN	VACANT LAND-RESIDENTIAL	$36,000	44 ft
1515 45TH AVE N MINNEAPOLIS MN 55412	HUNTER WESTON RUTH	RESIDENTIAL	$263,800	44 ft
1501 45TH AVE N MINNEAPOLIS MN 55412	S L CARPENTER & M D HAZEN	RESIDENTIAL	$285,900	87 ft
1519 45TH AVE N MINNEAPOLIS MN 55412	RONALDA KENNEDY	RESIDENTIAL	$216,600	87 ft
4421 HUMBOLDT AVE N MINNEAPOLIS MN 55412	JOHN ROCK	RESIDENTIAL	$232,600	103 ft
4420 IRVING AVE N MINNEAPOLIS MN 55412	TIMOTHY STEIGER SCALLON	RESIDENTIAL	$223,800	128 ft
1523 45TH AVE N MINNEAPOLIS MN 55412	D J GROW & J A GROW	RESIDENTIAL	$343,300	131 ft
4415 HUMBOLDT AVE N MINNEAPOLIS MN 55412	HALLIE R HAYES	RESIDENTIAL	$276,800	139 ft
4416 IRVING AVE N MINNEAPOLIS MN 55412	SCOTT L NORDHAUSEN	RESIDENTIAL	$265,600	158 ft
4411 HUMBOLDT AVE N MINNEAPOLIS MN 55412	ELIZABETH RAYGOZA	RESIDENTIAL	$307,400	177 ft

Property History

Current Tax Year

Year2026

Tax Due$3,039