322 48TH ST E MINNEAPOLIS MN 55419

PID: 1502824110209

Property Overview

Parcel ID1502824110209

Lot Size5,974 sq ft (0.137 ac)

Lot Dimensions (est.)64 ft wide × 93 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerJ W HILL III & S DREILING

Assessed Value$413,800

Land Value$146,000

Building Value$267,800

Annual Tax$6,251

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,858/mo

Renter-occupied11.4%

Median home value$326K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1109

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width51 ft

Buildable depth53 ft

Area~2,729 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 sfr / adu benchmarks for 2,729 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
304 48TH ST E MINNEAPOLIS MN 55419	A ROSE & K S ROSE	RESIDENTIAL	$364,800	64 ft
4744 CLINTON AVE MINNEAPOLIS MN 55419	NANCY J ASHER REVOCAB TRUST	RESIDENTIAL	$275,200	73 ft
4740 CLINTON AVE MINNEAPOLIS MN 55419	JOSHUA M FRIBERG	RESIDENTIAL	$227,100	109 ft
4800 CLINTON AVE MINNEAPOLIS MN 55419	JODI L OELFKE	RESIDENTIAL	$365,900	137 ft
302 48TH ST E MINNEAPOLIS MN 55419	REALLYFASTREALTY LLC	TRIPLEX	$241,600	140 ft
4736 CLINTON AVE MINNEAPOLIS MN 55419	BOBBIE J CARTER	RESIDENTIAL	$336,000	148 ft
4753 CLINTON AVE MINNEAPOLIS MN 55419	K C SHEARMAN & G D GOERKE	RESIDENTIAL	$468,700	157 ft
4757 CLINTON AVE MINNEAPOLIS MN 55419	P HOOGERVORST & J MEDNICK	RESIDENTIAL	$610,300	158 ft
4749 CLINTON AVE MINNEAPOLIS MN 55419	BESSIE L WASHINGTON	RESIDENTIAL	$364,200	165 ft
4804 CLINTON AVE MINNEAPOLIS MN 55419	BRANDON KAAS	RESIDENTIAL	$180,400	176 ft

Property History

Most Recent Sale

Date201801

Price$240,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,251