5057 GARFIELD AVE MINNEAPOLIS MN 55419

PID: 1502824320127

Property Overview

Parcel ID1502824320127

Lot Size5,047 sq ft (0.116 ac)

Lot Dimensions (est.)111 ft wide × 45 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerJENNIFER MCFADYEN TRUST

Assessed Value$491,000

Land Value$271,000

Building Value$220,000

Annual Tax$7,538

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2019 · $54K total declared value · Most recent: Jun 2023 (misc)

MiscJun 2023Closed

$10K

SUMMIT BRAND EXTERIORS

ResDec 2022Closed

Rightmark LLC

RemodelDec 2022Closed

$40K

TRUE BLUE CONSTRUCTION SERVICES LLC

ResApr 2022Closed

Warners Stellian Co Inc

ResFeb 2022Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

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 width101 ft

Buildable depth5 ft

Area~2,438 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 2,438 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5061 GARFIELD AVE MINNEAPOLIS MN 55419	MICHELLE W & TANNER W HANSON	RESIDENTIAL	$588,000	51 ft
5051 GARFIELD AVE MINNEAPOLIS MN 55419	M BARRY & A MARTINSON	RESIDENTIAL	$766,500	51 ft
5065 GARFIELD AVE MINNEAPOLIS MN 55419	ERIN DANAHY LIVING TRUST	RESIDENTIAL	$757,900	101 ft
5045 GARFIELD AVE MINNEAPOLIS MN 55419	SARAH S LEDOUX REVOC TRUST	RESIDENTIAL	$647,000	101 ft
515 PROSPECT AVE MINNEAPOLIS MN 55419	CHARLES & NANCIE NELSON TR	RESIDENTIAL	$652,000	138 ft
5041 GARFIELD AVE MINNEAPOLIS MN 55419	D M ANDERSON & M E GYLLSTROM	RESIDENTIAL	$812,300	150 ft
5056 GARFIELD AVE MINNEAPOLIS MN 55419	KEITH SHIFRIN/ANGELA SHIFRIN	RESIDENTIAL	$730,000	165 ft
5050 GARFIELD AVE MINNEAPOLIS MN 55419	KYLE J CHRISTENSEN ET AL	RESIDENTIAL	$833,900	171 ft
5062 GARFIELD AVE MINNEAPOLIS MN 55419	ERIC EDLING & LORI EDLING	RESIDENTIAL	$639,900	173 ft
525 PROSPECT AVE MINNEAPOLIS MN 55419	A S KLEVEN & J D KLEVEN	RESIDENTIAL	$710,300	180 ft

Property History

Most Recent Sale

Date202104

Price$535,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,538