215 48TH ST E MINNEAPOLIS MN 55419

PID: 1502824130003

Property Overview

Parcel ID1502824130003

Lot Size5,033 sq ft (0.116 ac)

Lot Dimensions (est.)63 ft wide × 79 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerJEAN JANAS & ADAM RITTER

Assessed Value$352,800

Land Value$128,000

Building Value$224,800

Annual Tax$5,441

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

2 permits on record since 2019 · $20K total declared value · Most recent: Jul 2023 (misc)

MiscJul 2023Closed

$20K

Kingfisher Construction

ResJun 2019Closed

MN Plumbing & Home Services INC

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

Neighborhood Profile

Field · Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width53 ft

Buildable depth40 ft

Area~2,119 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 2,119 sqft buildable area.

Est. units

Yield on cost

1.6%

Spread

-3.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
221 48TH ST E MINNEAPOLIS MN 55419	JEFFREY E SUNDEM	RESIDENTIAL	$328,100	63 ft
4810 3RD AVE S MINNEAPOLIS MN 55419	JOANNE E JOHNSON	RESIDENTIAL	$331,900	76 ft
205 48TH ST E MINNEAPOLIS MN 55419	KERRY JO BLOOMFIELD	RESIDENTIAL	$433,300	79 ft
4816 3RD AVE S MINNEAPOLIS MN 55419	SILAS MORGAN & LAURA MORGAN	RESIDENTIAL	$417,000	133 ft
4748 3RD AVE S MINNEAPOLIS MN 55419	SHERYL SCHWYHART	RESIDENTIAL	$453,200	136 ft
203 48TH ST E MINNEAPOLIS MN 55419	LINDA HENN & DEBRA PIECZONKA	RESIDENTIAL	$520,000	142 ft
4815 2ND AVE S MINNEAPOLIS MN 55419	JANE M BURBACH	RESIDENTIAL	$269,400	149 ft
4745 2ND AVE S MINNEAPOLIS MN 55419	WILLIAM MILLESS & AMY LIND	RESIDENTIAL	$359,100	169 ft
4817 2ND AVE S MINNEAPOLIS MN 55419	NELDA BURNETT HUGGINS ET AL	RESIDENTIAL	$301,600	184 ft
4744 3RD AVE S MINNEAPOLIS MN 55419	MICHAEL B & MICHELLE HYATT	RESIDENTIAL	$381,700	185 ft

Property History

Most Recent Sale

Date201904

Price$303,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,441