221 48TH ST E MINNEAPOLIS MN 55419

PID: 1502824130004

Property Overview

Parcel ID1502824130004

Lot Size5,153 sq ft (0.118 ac)

Lot Dimensions (est.)65 ft wide × 79 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerJEFFREY E SUNDEM

Assessed Value$328,100

Land Value$130,000

Building Value$198,100

Annual Tax$4,822

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 · $7K total declared value · Most recent: Apr 2026 (existres)

ExistresApr 2026Closed

Residential Heating and Air Conditioning Inc

MiscSep 2019Closed

$7K

AMERICAN WATERWORKS

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

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 width52 ft

Buildable depth39 ft

Area~2,058 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 2,058 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
215 48TH ST E MINNEAPOLIS MN 55419	JEAN JANAS & ADAM RITTER	RESIDENTIAL	$352,800	63 ft
4810 3RD AVE S MINNEAPOLIS MN 55419	JOANNE E JOHNSON	RESIDENTIAL	$331,900	77 ft
4748 3RD AVE S MINNEAPOLIS MN 55419	SHERYL SCHWYHART	RESIDENTIAL	$453,200	134 ft
4816 3RD AVE S MINNEAPOLIS MN 55419	SILAS MORGAN & LAURA MORGAN	RESIDENTIAL	$417,000	134 ft
205 48TH ST E MINNEAPOLIS MN 55419	KERRY JO BLOOMFIELD	RESIDENTIAL	$433,300	141 ft
301 48TH ST E MINNEAPOLIS MN 55419	D P & R M STROUD/L STROUD	RESIDENTIAL	$454,400	161 ft
4809 3RD AVE S MINNEAPOLIS MN 55419	M R PETERSEN & E K HEDIN	RESIDENTIAL	$389,900	179 ft
4744 3RD AVE S MINNEAPOLIS MN 55419	MICHAEL B & MICHELLE HYATT	RESIDENTIAL	$381,700	183 ft
4820 3RD AVE S MINNEAPOLIS MN 55419	MARABELLE MORGAN	RESIDENTIAL	$415,100	193 ft
300 48TH ST E MINNEAPOLIS MN 55419	BITNER BYRNE REV LIVING TR	RESIDENTIAL	$420,600	194 ft

Property History

Most Recent Sale

Date198910

Price$53,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,822