15 48TH ST E MINNEAPOLIS MN 55419

PID: 1502824130036

Property Overview

Parcel ID1502824130036

Lot Size6,743 sq ft (0.155 ac)

Lot Dimensions (est.)51 ft wide × 133 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerNATHAN R BREUER & T M BREUER

Assessed Value$360,300

Land Value$196,000

Building Value$164,300

Annual Tax$5,359

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 2022 · Most recent: Apr 2024 (res)

ResApr 2024Expired

Warners Stellian Co Inc

ResJun 2022Closed

MN Plumbing & Home Services INC

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

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 width40 ft

Buildable depth95 ft

Area~3,796 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 3,796 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
9 48TH ST E MINNEAPOLIS MN 55419	S R & L J HAMMER ET AL	RESIDENTIAL-TWO UNIT	$459,900	46 ft
17 48TH ST E MINNEAPOLIS MN 55419	B T O'NEIL/M L BERGSTROM	RESIDENTIAL	$387,700	50 ft
21 48TH ST E MINNEAPOLIS MN 55419	BRUCE A HENDRICKSON ET AL	RESIDENTIAL	$285,900	99 ft
4805 NICOLLET AVE MINNEAPOLIS MN 55419	SUITES ON BROADWAY LLC	COMMERCIAL-PREFERRED	$960,000	124 ft
4801 NICOLLET AVE MINNEAPOLIS MN 55419	SUITES ON BROADWAY LLC	COMMERCIAL-PREFERRED	$710,000	127 ft
12 RUSTIC LODGE E MINNEAPOLIS MN 55419	STEVEN D VENZKE	RESIDENTIAL	$354,200	136 ft
8 RUSTIC LODGE E MINNEAPOLIS MN 55419	MELANIE BERGSTROM	RESIDENTIAL	$339,700	142 ft
16 RUSTIC LODGE E MINNEAPOLIS MN 55419	HEATHER JOY HALEN	RESIDENTIAL	$440,100	143 ft
25 48TH ST E MINNEAPOLIS MN 55419	MARY ELLEN MORRIS	RESIDENTIAL	$343,700	149 ft
4744 1ST AVE S MINNEAPOLIS MN 55419	S REARDON & M REARDON	RESIDENTIAL	$584,600	161 ft

Property History

Most Recent Sale

Date201610

Price$298,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,359