318 49TH ST E MINNEAPOLIS MN 55419

PID: 1502824140032

Property Overview

Parcel ID1502824140032

Lot Size4,487 sq ft (0.103 ac)

Lot Dimensions (est.)127 ft wide × 35 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerT A FARRELL & T K FARRELL

Assessed Value$305,100

Land Value$137,000

Building Value$168,100

Annual Tax$4,705

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2021 · $3K total declared value · Most recent: Dec 2021 (misc)

MiscDec 2021Closed

$3K

J LEWIS BUILDING AND REMODELING LLC

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 width114 ft

Buildable depth0 ft

Area~526 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 526 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
4852 CLINTON AVE MINNEAPOLIS MN 55419	STUART ROSEN & SHERRY ROSEN	RESIDENTIAL	$293,800	38 ft
4848 CLINTON AVE MINNEAPOLIS MN 55419	ELIZABETH ANN JAROT	RESIDENTIAL	$365,900	77 ft
4900 CLINTON AVE MINNEAPOLIS MN 55419	STARKEY FAMILY TRUST	RESIDENTIAL	$517,400	101 ft
4844 CLINTON AVE MINNEAPOLIS MN 55419	E BROOKS AND I BROOKS	RESIDENTIAL	$242,600	117 ft
4857 3RD AVE S MINNEAPOLIS MN 55419	L WOODS & J WIEMOLD	RESIDENTIAL	$354,700	140 ft
4904 CLINTON AVE MINNEAPOLIS MN 55419	M C LENNICK & D LENNICK	RESIDENTIAL	$595,500	147 ft
4853 3RD AVE S MINNEAPOLIS MN 55419	ANDREW SCHMIDT	RESIDENTIAL	$291,900	148 ft
4840 CLINTON AVE MINNEAPOLIS MN 55419	L J BOWRON & J H M BOWRON	RESIDENTIAL	$263,100	158 ft
4847 3RD AVE S MINNEAPOLIS MN 55419	MONICA D HYDE	RESIDENTIAL	$363,500	165 ft
4901 3RD AVE S MINNEAPOLIS MN 55419	M BROSE & M GARDNER	RESIDENTIAL	$366,300	175 ft

Property History

Most Recent Sale

Date202102

Price$289,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,705