147 PROSPECT AVE MINNEAPOLIS MN 55419

PID: 1502824310009

Property Overview

Parcel ID1502824310009

Lot Size4,492 sq ft (0.103 ac)

Lot Dimensions (est.)65 ft wide × 69 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerM K BILDSTEN & B H BILDSTEN

Assessed Value$673,900

Land Value$235,000

Building Value$438,900

Annual Tax$11,001

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $7K total declared value · Most recent: Feb 2024 (existres)

ExistresFeb 2024Closed

Ray N Welter Heating Co

MiscJun 2020Closed

$7K

SNAP CONSTRUCTION INC

ResJan 2020Closed

Erickson Plumbing Heating Cooling Inc

ExistresSep 2019Closed

Erickson Plumbing Heating Cooling Inc

ResMay 2019Closed

MN Plumbing & Home Services 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

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 width52 ft

Buildable depth29 ft

Area~1,456 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 1,456 sqft buildable area.

Est. units

Yield on cost

1.7%

Spread

-3.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5041 GLADSTONE AVE MINNEAPOLIS MN 55419	BROOKE SCHUG & ROBERT SCHUG	RESIDENTIAL	$781,800	81 ft
5037 GLADSTONE AVE MINNEAPOLIS MN 55419	R A HASKIN & N L HASKIN	RESIDENTIAL	$590,200	92 ft
5040 BELMONT AVE S MINNEAPOLIS MN 55419	M NOLAN & L A NOLAN REV TRST	RESIDENTIAL	$963,300	118 ft
146 PROSPECT AVE MINNEAPOLIS MN 55419	SPENCER BARTL & SARAH BARTL	RESIDENTIAL	$671,100	120 ft
5047 GLADSTONE AVE MINNEAPOLIS MN 55419	ERIC & KELLY SLAPNICHER	RESIDENTIAL	$702,800	129 ft
5036 BELMONT AVE S MINNEAPOLIS MN 55419	LYNELL G VOIGT	RESIDENTIAL	$796,400	132 ft
5044 BELMONT AVE S MINNEAPOLIS MN 55419	LICHT LIVING TRUST	RESIDENTIAL	$786,900	133 ft
5028 WENTWORTH AVE MINNEAPOLIS MN 55419	ADAM J STRAND & E A TILMAN	RESIDENTIAL	$607,000	168 ft
5048 BELMONT AVE S MINNEAPOLIS MN 55419	ANIBAL L VELEZ/LINDA K VELEZ	RESIDENTIAL	$621,300	171 ft
5051 GLADSTONE AVE MINNEAPOLIS MN 55419	AARON D HASLER & M M HASLER	RESIDENTIAL	$738,300	184 ft

Property History

Most Recent Sale

Date198712

Price$154,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$11,001