507 50TH ST W MINNEAPOLIS MN 55419

PID: 1502824320115

Property Overview

Parcel ID1502824320115

Lot Size3,960 sq ft (0.091 ac)

Lot Dimensions (est.)50 ft wide × 79 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerLAURIE & WILLIAM J YOUNG

Assessed Value$393,400

Land Value$208,000

Building Value$185,400

Annual Tax$6,107

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $27K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$11K

MINNESOTA EXTERIORS INC

RemodelApr 2020Closed

$8K

ALL ENERGY SOLAR INC

ExistresOct 2019Closed

Erickson Plumbing Heating Cooling Inc

MiscJul 2019Closed

$2K

CROSSROAD CONSTRUCTION INC

MiscMar 2017Closed

$6K

SIDNEY FEATHERSTONE CONSTR 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$535K+0.3% YoY

Median price / sqft$293/sqft

Median days to close12 days

Active listings39

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 width39 ft

Buildable depth41 ft

Area~1,582 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 1,582 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
501 50TH ST W MINNEAPOLIS MN 55419	K GOLDSCHMIDT/M GOLDSCHMIDT	RESIDENTIAL	$576,300	49 ft
511 50TH ST W MINNEAPOLIS MN 55419	LOU ANN MATOSSIAN	RESIDENTIAL	$403,700	49 ft
5008 HARRIET AVE MINNEAPOLIS MN 55419	J E DIGIAMMATTEO ET AL	RESIDENTIAL	$483,500	60 ft
5012 HARRIET AVE MINNEAPOLIS MN 55419	J MARINAC & E A MARINAC	RESIDENTIAL	$485,000	100 ft
515 50TH ST W MINNEAPOLIS MN 55419	JORDAN BUZZARD	RESIDENTIAL	$547,200	101 ft
4950 HARRIET AVE MINNEAPOLIS MN 55419	D L FLEMING & N A FLEMING	RESIDENTIAL	$810,000	130 ft
5016 HARRIET AVE MINNEAPOLIS MN 55419	JAMES HAWLEY & ROSLYN HAWLEY	RESIDENTIAL	$557,600	140 ft
519 50TH ST W MINNEAPOLIS MN 55419	C W LILLEHEI & J F LILLEHEI	RESIDENTIAL	$540,700	149 ft
5001 HARRIET AVE MINNEAPOLIS MN 55419	N D SMITH & S B PARKER	RESIDENTIAL	$505,500	175 ft
4940 HARRIET AVE MINNEAPOLIS MN 55419	MITCHELL HARER/KRISTIN HARER	RESIDENTIAL	$652,500	179 ft

Property History

Most Recent Sale

Date200805

Price$268,600

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,107