225 RUSTIC LODGE W MINNEAPOLIS MN 55419

PID: 1502824240049

Property Overview

Parcel ID1502824240049

Lot Size5,696 sq ft (0.131 ac)

Lot Dimensions (est.)132 ft wide × 43 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerTIMOTHY P HOLMLUND

Assessed Value$381,600

Land Value$221,000

Building Value$160,600

Annual Tax$5,714

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 2017 · $10K total declared value · Most recent: Aug 2021 (addition)

AdditionAug 2021Closed

$3K

Holmlund Masonry Inc

MiscAug 2021Closed

$1K

Holmlund Masonry Inc

MiscAug 2017Closed

$1K

Holmlund Masonry Inc

MiscAug 2017Closed

$5K

Holmlund Masonry Inc

ExistresMar 2017Closed

MINNEAPOLIS PLBG AND 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width54 ft

Buildable depth49 ft

Area~2,974 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 2,974 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
229 RUSTIC LODGE W MINNEAPOLIS MN 55419	M C & M K LYNN-KLIMENKO	RESIDENTIAL	$481,300	46 ft
221 RUSTIC LODGE W MINNEAPOLIS MN 55419	TIMOTHY J SCHMIDT TRUST	RESIDENTIAL	$514,700	51 ft
4837 PLEASANT AVE MINNEAPOLIS MN 55419	E B LIVING TRUST	RESIDENTIAL	$405,600	90 ft
215 RUSTIC LODGE W MINNEAPOLIS MN 55419	PAUL L DINGER	RESIDENTIAL	$495,900	103 ft
204 49TH ST W MINNEAPOLIS MN 55419	JAMES E GAGNON LIV TR ET AL	RESIDENTIAL	$785,700	148 ft
4825 PLEASANT AVE MINNEAPOLIS MN 55419	B DUSEK & A DUSEK ET AL	RESIDENTIAL	$714,300	149 ft
205 RUSTIC LODGE W MINNEAPOLIS MN 55419	KAREN E LAMERE LIV TRUST	RESIDENTIAL	$510,000	160 ft
201 RUSTIC LODGE W MINNEAPOLIS MN 55419	KATHERINE S MCDONALD ET AL	RESIDENTIAL	$770,700	207 ft
4821 PLEASANT AVE MINNEAPOLIS MN 55419	VALERIE T WHITCOMB TRUST	RESIDENTIAL	$476,900	212 ft
4840 PLEASANT AVE MINNEAPOLIS MN 55419	B L BORCHARDT/K L BORCHARDT	RESIDENTIAL	$519,600	226 ft

Property History

Most Recent Sale

Date200109

Price$120,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$5,714