403 47TH ST W MINNEAPOLIS MN 55419

PID: 1502824220153

Property Overview

Parcel ID1502824220153

Lot Size4,988 sq ft (0.115 ac)

Lot Dimensions (est.)89 ft wide × 56 ft deep

Year Built1924

Property ClassRESIDENTIAL-TWO UNIT

OwnerMARK E LUETMER

Assessed Value$455,500

Land Value$203,000

Building Value$252,500

Annual Tax$8,651

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $10K total declared value · Most recent: Apr 2023 (existres)

ExistresApr 2023Closed

Standard Heating and Air Conditioning Inc

ExistresApr 2023Closed

Standard Heating and Air Conditioning Inc

AdditionMay 2019Closed

$10K

LETENDRE CONCRETE AND DESIGN INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Tangletown · Minneapolis

Median reported rent1,545/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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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 width76 ft

Buildable depth16 ft

Area~1,226 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 1,226 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4704 GRAND AVE S MINNEAPOLIS MN 55419	GREGORY T FLOM	RESIDENTIAL-TWO UNIT	$437,100	53 ft
405 47TH ST W MINNEAPOLIS MN 55419	CRAIG ERICKSON & EMAN AUSMAN	RESIDENTIAL	$261,000	65 ft
4708 GRAND AVE S MINNEAPOLIS MN 55419	T D FONDOW & C B OSWALD	RESIDENTIAL	$411,400	91 ft
4652 GRAND AVE S MINNEAPOLIS MN 55419	JOHN P BROOKS	RESIDENTIAL-TWO UNIT	$402,500	110 ft
4712 GRAND AVE S MINNEAPOLIS MN 55419	J SHIFFER & K DELEGARD	RESIDENTIAL	$486,800	133 ft
4648 GRAND AVE S MINNEAPOLIS MN 55419	MARJORIE R KEYES	RESIDENTIAL	$338,200	150 ft
4701 HARRIET AVE MINNEAPOLIS MN 55419	NINA L MALM	RESIDENTIAL	$463,100	165 ft
4701 GRAND AVE S MINNEAPOLIS MN 55419	NANCY J NORDSTRUM TRUST	CONDOMINIUM	$303,500	167 ft
4701 GRAND AVE S MINNEAPOLIS MN 55419	OMAR MARTINEZ	CONDOMINIUM	$305,600	167 ft
319 47TH ST W MINNEAPOLIS MN 55419	JOSEPH TOTALL/SUSAN TOTALL	CONDOMINIUM	$280,800	167 ft

Property History

Most Recent Sale

Date198604

Price$105,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,651