601 50TH ST W MINNEAPOLIS MN 55419

PID: 1502824320029

Property Overview

Parcel ID1502824320029

Lot Size4,094 sq ft (0.094 ac)

Lot Dimensions (est.)42 ft wide × 96 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerSUSAN J LUND

Assessed Value$453,900

Land Value$212,000

Building Value$241,900

Annual Tax$6,973

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ResJan 2021Closed

Urban Pine Plumbing and Mechanical Inc

ResNov 2019Closed

Warners Stellian Co Inc

ExistresMar 2018Closed

Pronto Heating & Air Conditioning 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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 width29 ft

Buildable depth56 ft

Area~1,665 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 small multifamily (2–4 units, wood frame) benchmarks for 1,665 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
605 50TH ST W MINNEAPOLIS MN 55419	GRETCHEN WYLLIE REIGEL ARANA	RESIDENTIAL	$488,900	42 ft
5010 GARFIELD AVE MINNEAPOLIS MN 55419	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	83 ft
611 50TH ST W MINNEAPOLIS MN 55419	JOEL A SUHL	RESIDENTIAL	$405,900	88 ft
523 50TH ST W MINNEAPOLIS MN 55419	ROBERT F VICKERY & WIFE	RESIDENTIAL	$391,000	96 ft
5014 GARFIELD AVE MINNEAPOLIS MN 55419	RACHEL SCHWALBACH	RESIDENTIAL	$484,900	123 ft
519 50TH ST W MINNEAPOLIS MN 55419	C W LILLEHEI & J F LILLEHEI	RESIDENTIAL	$540,700	145 ft
4948 GARFIELD AVE MINNEAPOLIS MN 55419	JAMES T JOWETT	RESIDENTIAL	$587,700	145 ft
5018 GARFIELD AVE MINNEAPOLIS MN 55419	CEDELLA ELIZABETH BEAZLEY	RESIDENTIAL	$679,200	166 ft
5017 GARFIELD AVE MINNEAPOLIS MN 55419	M & M IRELAND	RESIDENTIAL	$606,000	171 ft
5005 LYNDALE AVE S MINNEAPOLIS MN 55419	TODD SMITH	RESIDENTIAL	$500,500	173 ft

Property History

Current Tax Year

Year2026

Tax Due$6,973