229 RUSTIC LODGE W MINNEAPOLIS MN 55419

PID: 1502824240047

Property Overview

Parcel ID1502824240047

Lot Size5,396 sq ft (0.124 ac)

Lot Dimensions (est.)126 ft wide × 43 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerM C & M K LYNN-KLIMENKO

Assessed Value$481,300

Land Value$216,000

Building Value$265,300

Annual Tax$7,378

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2022 · $204K total declared value · Most recent: Jun 2024 (res)

ResJun 2024Closed

Markus Lynn-Klimenko

RemodelJan 2024Inspection

$158K

GS MEICHELS CONSTRUCTION CO

ResOct 2023Closed

FIRESIDE HEARTH AND HOME

ResOct 2023Closed

CenterPoint Energy Resource Corp

ResMay 2023Closed

Ray N Welter Heating Co

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width113 ft

Buildable depth3 ft

Area~3,339 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 3,339 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
225 RUSTIC LODGE W MINNEAPOLIS MN 55419	TIMOTHY P HOLMLUND	RESIDENTIAL	$381,600	46 ft
4837 PLEASANT AVE MINNEAPOLIS MN 55419	E B LIVING TRUST	RESIDENTIAL	$405,600	47 ft
221 RUSTIC LODGE W MINNEAPOLIS MN 55419	TIMOTHY J SCHMIDT TRUST	RESIDENTIAL	$514,700	96 ft
215 RUSTIC LODGE W MINNEAPOLIS MN 55419	PAUL L DINGER	RESIDENTIAL	$495,900	148 ft
204 49TH ST W MINNEAPOLIS MN 55419	JAMES E GAGNON LIV TR ET AL	RESIDENTIAL	$785,700	168 ft
4825 PLEASANT AVE MINNEAPOLIS MN 55419	B DUSEK & A DUSEK ET AL	RESIDENTIAL	$714,300	182 ft
4842 PLEASANT AVE MINNEAPOLIS MN 55419	JOANNA J REEVES	RESIDENTIAL	$408,000	197 ft
4848 PLEASANT AVE MINNEAPOLIS MN 55419	RICHARD J REVERING	RESIDENTIAL	$602,200	203 ft
4840 PLEASANT AVE MINNEAPOLIS MN 55419	B L BORCHARDT/K L BORCHARDT	RESIDENTIAL	$519,600	204 ft
205 RUSTIC LODGE W MINNEAPOLIS MN 55419	KAREN E LAMERE LIV TRUST	RESIDENTIAL	$510,000	204 ft

Property History

Most Recent Sale

Date198908

Price$114,575

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,378