235 ELMWOOD PL W MINNEAPOLIS MN 55419

PID: 1502824310072

Property Overview

Parcel ID1502824310072

Lot Size17,349 sq ft (0.398 ac)

Lot Dimensions (est.)248 ft wide × 70 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerR K WALSTEAD & K WALSTEAD

Assessed Value$624,000

Land Value$451,000

Building Value$173,000

Annual Tax$10,057

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

No permits found in Minneapolis open data for this parcel.

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 width74 ft

Buildable depth167 ft

Area~12,234 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 12,234 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
231 ELMWOOD PL W MINNEAPOLIS MN 55419	CHARLES LEHMANN/C R LEHMANN	RESIDENTIAL	$829,000	78 ft
224 52ND ST W MINNEAPOLIS MN 55419	P WOOLLEN & T L MELLEN	RESIDENTIAL	$737,000	117 ft
228 52ND ST W MINNEAPOLIS MN 55419	M E BROWN & A SOLARTE	RESIDENTIAL	$889,900	123 ft
220 52ND ST W MINNEAPOLIS MN 55419	C PEDERSEN & C PEDERSEN	RESIDENTIAL	$976,700	145 ft
227 ELMWOOD PL W MINNEAPOLIS MN 55419	JOHN P PYLE TRUSTEE	RESIDENTIAL	$439,000	145 ft
230 ELMWOOD PL W MINNEAPOLIS MN 55419	PARK BOARD	VACANT LAND-RESIDENTIAL	$0	150 ft
232 52ND ST W MINNEAPOLIS MN 55419	SCOTT BERGER/ALISSA KINGSLEY	RESIDENTIAL	$549,300	151 ft
5151 GLADSTONE AVE MINNEAPOLIS MN 55419	MELISSA FRYBERGER FEIERABAND	RESIDENTIAL	$884,000	185 ft
5124 WENTWORTH AVE MINNEAPOLIS MN 55419	N DVORAK & E DVORAK	RESIDENTIAL	$1,005,000	199 ft
5128 WENTWORTH AVE MINNEAPOLIS MN 55419	J T LANG & M S LANG	RESIDENTIAL	$1,184,200	205 ft

Property History

Most Recent Sale

Date201902

Price$500,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,057