11 50TH ST E MINNEAPOLIS MN 55419

PID: 1502824130150

Property Overview

Parcel ID1502824130150

Lot Size5,642 sq ft (0.130 ac)

Lot Dimensions (est.)45 ft wide × 126 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerSCOTT ARBESFELD

Assessed Value$452,900

Land Value$173,000

Building Value$279,900

Annual Tax$7,166

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 2020 · $1K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscMay 2020Closed

$1K

CROSSROAD CONSTRUCTION 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth94 ft

Area~3,002 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 3-story wood frame (5–12 units) benchmarks for 3,002 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1 50TH ST E MINNEAPOLIS MN 55419	D R CONROY & M K CONROY	RESIDENTIAL	$901,000	64 ft
25 50TH ST E MINNEAPOLIS MN 55419	CHRISTOPHER G GRAN LIVING TR	RESIDENTIAL	$753,600	71 ft
5009 NICOLLET AVE MINNEAPOLIS MN 55419	STEPHEN K GRIESGRABER	RESIDENTIAL	$341,000	101 ft
5000 1ST AVE S MINNEAPOLIS MN 55419	RANDY MILLER	RESIDENTIAL	$686,600	102 ft
5015 NICOLLET AVE MINNEAPOLIS MN 55419	MICHELE ZAVORAL	RESIDENTIAL	$335,300	149 ft
4935 NICOLLET AVE MINNEAPOLIS MN 55419	JEREMY NELSON & SUSAN NELSON	RESIDENTIAL	$531,300	154 ft
5006 1ST AVE S MINNEAPOLIS MN 55419	R N & E C LINDBERG	RESIDENTIAL	$1,175,100	175 ft
4930 1ST AVE S MINNEAPOLIS MN 55419	COLLEEN M MCLAUGHLIN	RESIDENTIAL	$597,000	189 ft
5021 NICOLLET AVE MINNEAPOLIS MN 55419	RYNE M VAN HORN	RESIDENTIAL	$307,400	197 ft
4929 NICOLLET AVE MINNEAPOLIS MN 55419	EMILY HONEK	RESIDENTIAL	$387,400	199 ft

Property History

Most Recent Sale

Date200812

Price$219,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,166