122 ELMWOOD PL W MINNEAPOLIS MN 55419

PID: 1502824310030

Property Overview

Parcel ID1502824310030

Lot Size34,051 sq ft (0.782 ac)

Lot Dimensions (est.)181 ft wide × 188 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerJ S STEVENS & E STEVENS

Assessed Value$1,970,000

Land Value$760,000

Building Value$1,210,000

Annual Tax$35,519

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

2 permits on record since 2013 · $365K total declared value · Most recent: Sep 2022 (misc)

MiscSep 2022Closed

$15K

KUHLS CONTRACTING INC

Building Re-inspectionNov 2013

$350K

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 width320 ft

Buildable depth63 ft

Area~20,572 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 20,572 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5039 BELMONT AVE S MINNEAPOLIS MN 55419	J S STEVENS & E STEVENS	VACANT LAND-RESIDENTIAL	$4,400	119 ft
5057 BELMONT AVE S MINNEAPOLIS MN 55419	J G VENEMAN & J L VENEMAN	RESIDENTIAL	$618,600	137 ft
118 ELMWOOD PL W MINNEAPOLIS MN 55419	JILL J TAYLOR TRUST	RESIDENTIAL	$1,708,000	151 ft
128 ELMWOOD PL W MINNEAPOLIS MN 55419	KARL WOLF & JESSE WOLF	RESIDENTIAL	$651,300	168 ft
5053 BELMONT AVE S MINNEAPOLIS MN 55419	C GAURON & S MASKE	RESIDENTIAL	$690,600	191 ft
5049 BELMONT AVE S MINNEAPOLIS MN 55419	A C ELIASON & P S ELIASON	RESIDENTIAL	$701,200	194 ft
5052 BELMONT AVE S MINNEAPOLIS MN 55419	J F MOSHER & C N COLEGROVE	RESIDENTIAL	$752,000	215 ft
5037 BELMONT AVE S MINNEAPOLIS MN 55419	J C STEADLAND & M E FOX	RESIDENTIAL	$622,800	217 ft
5048 BELMONT AVE S MINNEAPOLIS MN 55419	ANIBAL L VELEZ/LINDA K VELEZ	RESIDENTIAL	$621,300	232 ft
207 ELMWOOD PL W MINNEAPOLIS MN 55419	Z D DAWSON & S L DAWSON	RESIDENTIAL	$792,900	245 ft

Property History

Most Recent Sale

Date201306

Price$600,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$35,519