116 49TH ST W MINNEAPOLIS MN 55419

PID: 1502824240087

Property Overview

Parcel ID1502824240087

Lot Size5,778 sq ft (0.133 ac)

Lot Dimensions (est.)47 ft wide × 122 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerSHAW MAHAN TRUST

Assessed Value$412,300

Land Value$204,000

Building Value$208,300

Annual Tax$6,939

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

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 width37 ft

Buildable depth83 ft

Area~2,950 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 2,950 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
114 49TH ST W MINNEAPOLIS MN 55419	G G BROOKER & V A MARQUARDT	RESIDENTIAL	$507,500	48 ft
120 49TH ST W MINNEAPOLIS MN 55419	DAROLD & CAROL JOHNSON	RESIDENTIAL	$491,000	52 ft
118 49TH ST W MINNEAPOLIS MN 55419	D E JOHNSON & C O JOHNSON	RESIDENTIAL	$99,000	75 ft
110 49TH ST W MINNEAPOLIS MN 55419	E N ROBINER & M C C MCLEOD	RESIDENTIAL	$442,000	97 ft
106 49TH ST W MINNEAPOLIS MN 55419	LAURIE A KNOCKE	RESIDENTIAL	$492,800	147 ft
126 49TH ST W MINNEAPOLIS MN 55419	M DAHLMAN & B DAHLMAN	RESIDENTIAL	$440,100	151 ft
117 RUSTIC LODGE W MINNEAPOLIS MN 55419	JOHANNA TAYLOR/SHANNON RUST	RESIDENTIAL	$738,800	154 ft
121 RUSTIC LODGE W MINNEAPOLIS MN 55419	M J HEJNY & T L HEJNY	RESIDENTIAL	$717,100	156 ft
115 RUSTIC LODGE W MINNEAPOLIS MN 55419	M BUFFINGTON & K BUFFINGTON	RESIDENTIAL	$568,800	162 ft
109 RUSTIC LODGE W MINNEAPOLIS MN 55419	K T RIGG & J H RONALD	RESIDENTIAL	$485,600	179 ft

Property History

Most Recent Sale

Date200204

Price$300,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,939