5048 BELMONT AVE S MINNEAPOLIS MN 55419

PID: 1502824310020

Property Overview

Parcel ID1502824310020

Lot Size6,691 sq ft (0.154 ac)

Lot Dimensions (est.)127 ft wide × 53 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerANIBAL L VELEZ/LINDA K VELEZ

Assessed Value$621,300

Land Value$306,000

Building Value$315,300

Annual Tax$10,005

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

10 permits on record since 2019 · $133K total declared value · Most recent: Aug 2025 (addition)

AdditionAug 2025Closed

$11K

Linda Velez

ResSep 2023Closed

FIRESIDE HEARTH AND HOME

ResOct 2022Closed

Warners Stellian Co Inc

ExistresJul 2021Closed

Patton Heating And Air Conditioning Inc

ResJul 2021Closed

NRH Plumbing 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width47 ft

Buildable depth77 ft

Area~3,659 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 3,659 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5044 BELMONT AVE S MINNEAPOLIS MN 55419	LICHT LIVING TRUST	RESIDENTIAL	$786,900	56 ft
5052 BELMONT AVE S MINNEAPOLIS MN 55419	J F MOSHER & C N COLEGROVE	RESIDENTIAL	$752,000	58 ft
5040 BELMONT AVE S MINNEAPOLIS MN 55419	M NOLAN & L A NOLAN REV TRST	RESIDENTIAL	$963,300	113 ft
5051 GLADSTONE AVE MINNEAPOLIS MN 55419	AARON D HASLER & M M HASLER	RESIDENTIAL	$738,300	133 ft
5047 GLADSTONE AVE MINNEAPOLIS MN 55419	ERIC & KELLY SLAPNICHER	RESIDENTIAL	$702,800	135 ft
5057 GLADSTONE AVE MINNEAPOLIS MN 55419	JOHN MCGUIRE & HEIDI MCGUIRE	RESIDENTIAL	$924,600	156 ft
5041 GLADSTONE AVE MINNEAPOLIS MN 55419	BROOKE SCHUG & ROBERT SCHUG	RESIDENTIAL	$781,800	163 ft
147 PROSPECT AVE MINNEAPOLIS MN 55419	M K BILDSTEN & B H BILDSTEN	RESIDENTIAL	$673,900	171 ft
5057 BELMONT AVE S MINNEAPOLIS MN 55419	J G VENEMAN & J L VENEMAN	RESIDENTIAL	$618,600	171 ft
5036 BELMONT AVE S MINNEAPOLIS MN 55419	LYNELL G VOIGT	RESIDENTIAL	$796,400	173 ft

Property History

Most Recent Sale

Date201708

Price$545,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,005