16 RUSTIC LODGE W MINNEAPOLIS MN 55419

PID: 1502824240018

Property Overview

Parcel ID1502824240018

Lot Size6,208 sq ft (0.143 ac)

Lot Dimensions (est.)51 ft wide × 122 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerKEVIN G RAMACH/SARA J RAMACH

Assessed Value$620,600

Land Value$229,000

Building Value$391,600

Annual Tax$9,993

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

5 permits on record since 2021 · $6K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Inspection

Urban Pine Plumbing and Mechanical Inc

MiscMay 2025Closed

$6K

PERSONAL PRIDE CONSTRUCTION LTD

ResJan 2024Closed

SODERLIN PLUMBING HEATING AND AIR

ExistresMay 2022Closed

Ray N Welter Heating Co

ResMay 2021Closed

Warners Stellian Co Inc

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

Neighborhood Profile

Tangletown · Minneapolis

Median reported rent1,486/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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width44 ft

Buildable depth75 ft

Area~3,314 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 3,314 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
18 RUSTIC LODGE W MINNEAPOLIS MN 55419	ADAM BRENNAN	RESIDENTIAL	$411,000	50 ft
10 RUSTIC LODGE W MINNEAPOLIS MN 55419	WANDA ACKERMAN	RESIDENTIAL	$341,900	54 ft
22 RUSTIC LODGE W MINNEAPOLIS MN 55419	A C CHERRYHOMES/P E COLLINS	RESIDENTIAL	$588,900	100 ft
4812 NICOLLET AVE MINNEAPOLIS MN 55419	KAITLYNN M FORD	RESIDENTIAL	$302,600	118 ft
4816 NICOLLET AVE MINNEAPOLIS MN 55419	DEIRDRE HANDCRAFTD JEWEL LLC	COMMERCIAL-PREFERRED	$500,000	124 ft
15 48TH ST W MINNEAPOLIS MN 55419	JAY D OLSON/ERIN J THOMPSON	RESIDENTIAL	$334,000	128 ft
19 48TH ST W MINNEAPOLIS MN 55419	A HILDEBRAND & C HILDEBRAND	RESIDENTIAL	$421,800	136 ft
26 RUSTIC LODGE W MINNEAPOLIS MN 55419	M J NAVARRE & M FRABONI	RESIDENTIAL	$491,700	149 ft
11 48TH ST W MINNEAPOLIS MN 55419	H LUTHER & C J LUTHER	RESIDENTIAL	$369,200	150 ft
9 RUSTIC LODGE W MINNEAPOLIS MN 55419	ST JOHNS LUTHERAN CHURCH	RESIDENTIAL-TWO UNIT	$0	156 ft

Property History

Most Recent Sale

Date200807

Price$385,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,993