409 W MINNEHAHA PKWY MINNEAPOLIS MN 55419

PID: 1502824330042

Property Overview

Parcel ID1502824330042

Lot Size8,008 sq ft (0.184 ac)

Lot Dimensions (est.)128 ft wide × 63 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerJAMES A PAYNE REVOC TRUST

Assessed Value$620,300

Land Value$277,000

Building Value$343,300

Annual Tax$9,987

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $7K total declared value · Most recent: Mar 2026 (misc)

MiscMar 2026Closed

$7K

Paris Roofing LLC

ResSep 2024Closed

Warners Stellian Co Inc

ResMar 2020Closed

CHAMPION PLUMBING LLC

ExistresAug 2019Closed

CenterPoint Energy Resource Corp

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

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 width115 ft

Buildable depth23 ft

Area~1,716 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 1,716 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
421 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	STEVEN PERRY & CECILY MARCUS	RESIDENTIAL	$1,020,000	61 ft
405 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	P DAOUTIDIS & A HITZIDOU	RESIDENTIAL	$726,600	62 ft
5301 HARRIET AVE MINNEAPOLIS MN 55419	ANDREA TORKELSON ET AL	RESIDENTIAL	$410,000	82 ft
401 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	S F MASE & S M LUND	RESIDENTIAL	$1,145,000	117 ft
5302 GRAND AVE S MINNEAPOLIS MN 55419	JAMES GREGORY NARR REV LV TR	RESIDENTIAL	$855,000	118 ft
5305 HARRIET AVE MINNEAPOLIS MN 55419	SHARON JEAN HALL	RESIDENTIAL	$468,800	132 ft
500 53RD ST W MINNEAPOLIS MN 55419	PAUL F RENZ	RESIDENTIAL	$449,100	143 ft
5304 GRAND AVE S MINNEAPOLIS MN 55419	D J PELZYNSKI & M L REHBEIN	RESIDENTIAL	$688,000	155 ft
5309 HARRIET AVE MINNEAPOLIS MN 55419	J & M BOSIGER	RESIDENTIAL	$452,500	182 ft
506 53RD ST W MINNEAPOLIS MN 55419	M VAN DYKE & S VAN DYKE	RESIDENTIAL	$447,800	190 ft

Property History

Most Recent Sale

Date199003

Price$180,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,987