114 RUSTIC LODGE W MINNEAPOLIS MN 55419

PID: 1502824240025

Property Overview

Parcel ID1502824240025

Lot Size5,681 sq ft (0.130 ac)

Lot Dimensions (est.)51 ft wide × 112 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerGLEN F LUEDTKE ET AL

Assessed Value$520,300

Land Value$221,000

Building Value$299,300

Annual Tax$8,095

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

4 permits on record since 2001 · $100K total declared value · Most recent: Apr 2018 (existres)

ExistresApr 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

ResApr 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

ResFeb 2017Closed

CENTERPOINT ENERGY

Building Re-inspectionMar 2001

$100K

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

Neighborhood Profile

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 width41 ft

Buildable depth71 ft

Area~2,944 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 2,944 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
108 RUSTIC LODGE W MINNEAPOLIS MN 55419	A MAGNER & H MAGNER	RESIDENTIAL	$630,300	50 ft
118 RUSTIC LODGE W MINNEAPOLIS MN 55419	L BRALSKI & R BRALSKI II	RESIDENTIAL	$528,900	62 ft
106 RUSTIC LODGE W MINNEAPOLIS MN 55419	JOSEPH RICHARD UNDERDAHL	RESIDENTIAL	$443,300	100 ft
115 48TH ST W MINNEAPOLIS MN 55419	WILLIAM R & SOMMER D GALFANO	RESIDENTIAL	$553,200	123 ft
119 48TH ST W MINNEAPOLIS MN 55419	PROBST LIVING TRUST	RESIDENTIAL	$381,600	124 ft
111 48TH ST W MINNEAPOLIS MN 55419	TRACY L WAKI & TODD J ILLIG	RESIDENTIAL	$533,400	135 ft
4801 WENTWORTH AVE MINNEAPOLIS MN 55419	CHAD BARASCH/JESSICA ARENDS	RESIDENTIAL	$574,000	138 ft
100 RUSTIC LODGE W MINNEAPOLIS MN 55419	D LUTHER & C KRUPP	RESIDENTIAL	$390,000	150 ft
109 48TH ST W MINNEAPOLIS MN 55419	BARBARA A BALSTER	RESIDENTIAL	$410,300	159 ft
115 RUSTIC LODGE W MINNEAPOLIS MN 55419	M BUFFINGTON & K BUFFINGTON	RESIDENTIAL	$568,800	191 ft

Property History

Most Recent Sale

Date199511

Price$138,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,095