4948 GARFIELD AVE MINNEAPOLIS MN 55419

PID: 1502824230022

Property Overview

Parcel ID1502824230022

Lot Size5,961 sq ft (0.137 ac)

Lot Dimensions (est.)125 ft wide × 48 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerJAMES T JOWETT

Assessed Value$587,700

Land Value$256,000

Building Value$331,700

Annual Tax$9,640

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2025 · Most recent: Jun 2025 (existres)

ExistresJun 2025Inspection

Metro Heating & Cooling LLC

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

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 width112 ft

Buildable depth8 ft

Area~2,948 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 2,948 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4946 GARFIELD AVE MINNEAPOLIS MN 55419	J SOPHOCLEUS & S SOPHOCLEUS	RESIDENTIAL	$668,900	49 ft
4942 GARFIELD AVE MINNEAPOLIS MN 55419	M D ALLINDER & D P ALLINDER	RESIDENTIAL	$729,300	99 ft
624 50TH ST W MINNEAPOLIS MN 55419	SUSAN M ASHWELL	RESIDENTIAL	$513,300	125 ft
4949 LYNDALE AVE S MINNEAPOLIS MN 55419	S E LAIRD & R A SCHWEIGHARDT	RESIDENTIAL	$511,200	133 ft
605 50TH ST W MINNEAPOLIS MN 55419	GRETCHEN WYLLIE REIGEL ARANA	RESIDENTIAL	$488,900	138 ft
611 50TH ST W MINNEAPOLIS MN 55419	JOEL A SUHL	RESIDENTIAL	$405,900	145 ft
601 50TH ST W MINNEAPOLIS MN 55419	SUSAN J LUND	RESIDENTIAL	$453,900	145 ft
4938 GARFIELD AVE MINNEAPOLIS MN 55419	G M O'CONNOR & K R ADAMS	RESIDENTIAL	$475,700	149 ft
4945 LYNDALE AVE S MINNEAPOLIS MN 55419	N FELTAULT & C ORASKOVICH	RESIDENTIAL	$569,000	160 ft
4953 GARFIELD AVE MINNEAPOLIS MN 55419	H J O'MARA/L A SMITH-O'MARA	RESIDENTIAL	$640,500	185 ft

Property History

Most Recent Sale

Date199501

Price$150,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,640