105 48TH ST W MINNEAPOLIS MN 55419

PID: 1502824240008

Property Overview

Parcel ID1502824240008

Lot Size6,490 sq ft (0.149 ac)

Lot Dimensions (est.)51 ft wide × 128 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerC N JACOBS & A M JACOBS

Assessed Value$384,500

Land Value$234,000

Building Value$150,500

Annual Tax$5,763

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 rent1,486/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

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 width40 ft

Buildable depth90 ft

Area~3,594 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 3,594 sqft buildable area.

Est. units

Yield on cost

1.9%

Spread

-3.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
109 48TH ST W MINNEAPOLIS MN 55419	BARBARA A BALSTER	RESIDENTIAL	$410,300	50 ft
101 48TH ST W MINNEAPOLIS MN 55419	JOSEPH K & LISA R THIEGS	RESIDENTIAL	$679,600	50 ft
111 48TH ST W MINNEAPOLIS MN 55419	TRACY L WAKI & TODD J ILLIG	RESIDENTIAL	$533,400	95 ft
23 48TH ST W MINNEAPOLIS MN 55419	ANNA D'ORAZIO	RESIDENTIAL	$489,300	99 ft
115 48TH ST W MINNEAPOLIS MN 55419	WILLIAM R & SOMMER D GALFANO	RESIDENTIAL	$553,200	134 ft
100 RUSTIC LODGE W MINNEAPOLIS MN 55419	D LUTHER & C KRUPP	RESIDENTIAL	$390,000	135 ft
106 RUSTIC LODGE W MINNEAPOLIS MN 55419	JOSEPH RICHARD UNDERDAHL	RESIDENTIAL	$443,300	141 ft
26 RUSTIC LODGE W MINNEAPOLIS MN 55419	M J NAVARRE & M FRABONI	RESIDENTIAL	$491,700	145 ft
19 48TH ST W MINNEAPOLIS MN 55419	A HILDEBRAND & C HILDEBRAND	RESIDENTIAL	$421,800	149 ft
4748 BLAISDELL AVE MINNEAPOLIS MN 55419	HOUSING FOR THE ARTS LLC	APARTMENT	$520,000	155 ft

Property History

Most Recent Sale

Date199002

Price$93,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,763