9 48TH ST E MINNEAPOLIS MN 55419

PID: 1502824130035

Property Overview

Parcel ID1502824130035

Lot Size5,690 sq ft (0.131 ac)

Lot Dimensions (est.)43 ft wide × 133 ft deep

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerS R & L J HAMMER ET AL

Assessed Value$459,900

Land Value$178,000

Building Value$281,900

Annual Tax$7,020

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 2023 · Most recent: Aug 2023 (res)

ResAug 2023Closed

MN Plumbing & Home Services INC

ResMar 2023Expired

CHAMPION PLUMBING LLC

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

Neighborhood Profile

Tangletown · Minneapolis

Median reported rent1,486/mo

Renter-occupied21.5%

Median home value$519K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1115

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

CM2Corridor Mixed Use

Property History

Most Recent Sale

Date199512

Price$125,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,020

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
15 48TH ST E MINNEAPOLIS MN 55419	NATHAN R BREUER & T M BREUER	RESIDENTIAL	$360,300	46 ft
4805 NICOLLET AVE MINNEAPOLIS MN 55419	SUITES ON BROADWAY LLC	COMMERCIAL-PREFERRED	$960,000	79 ft
4801 NICOLLET AVE MINNEAPOLIS MN 55419	SUITES ON BROADWAY LLC	COMMERCIAL-PREFERRED	$710,000	85 ft
17 48TH ST E MINNEAPOLIS MN 55419	B T O'NEIL/M L BERGSTROM	RESIDENTIAL	$387,700	96 ft
8 RUSTIC LODGE E MINNEAPOLIS MN 55419	MELANIE BERGSTROM	RESIDENTIAL	$339,700	132 ft
4815 NICOLLET AVE MINNEAPOLIS MN 55419	RUSTIC LODGE APARTMENTS LLC	APARTMENT	$1,535,000	140 ft
12 RUSTIC LODGE E MINNEAPOLIS MN 55419	STEVEN D VENZKE	RESIDENTIAL	$354,200	143 ft
21 48TH ST E MINNEAPOLIS MN 55419	BRUCE A HENDRICKSON ET AL	RESIDENTIAL	$285,900	145 ft
16 RUSTIC LODGE E MINNEAPOLIS MN 55419	HEATHER JOY HALEN	RESIDENTIAL	$440,100	165 ft
4744 1ST AVE S MINNEAPOLIS MN 55419	S REARDON & M REARDON	RESIDENTIAL	$584,600	175 ft