124 48TH ST W MINNEAPOLIS MN 55419

PID: 1502824210140

Property Overview

Parcel ID1502824210140

Lot Size4,841 sq ft (0.111 ac)

Lot Dimensions (est.)51 ft wide × 95 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerA H KONG MOY & T J KONG

Assessed Value$277,000

Land Value$203,000

Building Value$74,000

Annual Tax$3,985

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

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 width38 ft

Buildable depth55 ft

Area~2,089 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 2,089 sqft buildable area.

Est. units

Yield on cost

1.4%

Spread

-4.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
130 48TH ST W MINNEAPOLIS MN 55419	T JOHNSON & K THUROW	RESIDENTIAL	$479,200	45 ft
4740 WENTWORTH AVE MINNEAPOLIS MN 55419	GREENSTONE LAKE LLC	RESIDENTIAL	$365,000	71 ft
134 48TH ST W MINNEAPOLIS MN 55419	MARGARET M MACPHERSON ET AL	RESIDENTIAL	$364,000	87 ft
122 48TH ST W MINNEAPOLIS MN 55419	M E ROBERTS & R R ROBERTS	RESIDENTIAL	$370,900	107 ft
4736 WENTWORTH AVE MINNEAPOLIS MN 55419	G & A LARSON	RESIDENTIAL	$360,700	119 ft
118 48TH ST W MINNEAPOLIS MN 55419	J D & C J SCHNEIDER	RESIDENTIAL	$363,600	151 ft
140 48TH ST W MINNEAPOLIS MN 55419	R FISHER & M O'CONNOR FISHER	RESIDENTIAL	$694,900	151 ft
4732 WENTWORTH AVE MINNEAPOLIS MN 55419	K W FRANCOIS/ERIN M FRANCOIS	RESIDENTIAL-TWO UNIT	$488,500	163 ft
4741 WENTWORTH AVE MINNEAPOLIS MN 55419	P M SCHROEDL & C A OSTBERG	RESIDENTIAL	$353,100	166 ft
129 48TH ST W MINNEAPOLIS MN 55419	B RASMUSSEN & K ANTHONY	RESIDENTIAL	$836,900	178 ft

Property History

Most Recent Sale

Date201104

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,985