218 48TH ST W MINNEAPOLIS MN 55419

PID: 1502824210115

Property Overview

Parcel ID1502824210115

Lot Size4,207 sq ft (0.097 ac)

Lot Dimensions (est.)46 ft wide × 92 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerSUE E VARNEY EASTER

Assessed Value$391,500

Land Value$188,000

Building Value$203,500

Annual Tax$5,902

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Tangletown · Minneapolis

Median reported rent1,545/mo

Renter-occupied24.2%

Median home value$360K

Vacancy rate1.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1108

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth51 ft

Area~1,854 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 1,854 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
222 48TH ST W MINNEAPOLIS MN 55419	SALLY A LUND	RESIDENTIAL	$466,200	43 ft
212 48TH ST W MINNEAPOLIS MN 55419	SPRING ON BEQUIA INVESTMENTS	RESIDENTIAL	$391,000	43 ft
4741 PLEASANT AVE MINNEAPOLIS MN 55419	H BELLRICHARD & G LACEK	RESIDENTIAL	$419,700	69 ft
210 48TH ST W MINNEAPOLIS MN 55419	G S LINDMEYER & G L RABENORT	RESIDENTIAL	$383,800	102 ft
4737 PLEASANT AVE MINNEAPOLIS MN 55419	T C SLICKER & L K SWEET	RESIDENTIAL	$450,900	115 ft
4740 PILLSBURY AVE MINNEAPOLIS MN 55419	M EICHENBERGER & S TOLMAN	RESIDENTIAL	$525,500	154 ft
4733 PLEASANT AVE MINNEAPOLIS MN 55419	D H SHEEHAN & K M SHEEHAN	RESIDENTIAL	$265,200	161 ft
4805 PLEASANT AVE MINNEAPOLIS MN 55419	R C KELLEY & T L KELLEY	RESIDENTIAL	$980,000	162 ft
200 48TH ST W MINNEAPOLIS MN 55419	E W NELSON & H L NELSON	RESIDENTIAL	$526,100	165 ft
4754 PLEASANT AVE MINNEAPOLIS MN 55419	DAVID CARLSON LIV TR ET AL	RESIDENTIAL	$310,000	171 ft

Property History

Most Recent Sale

Date198605

Price$82,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,902