603 W MINNEHAHA PKWY MINNEAPOLIS MN 55419

PID: 1502824330052

Property Overview

Parcel ID1502824330052

Lot Size9,112 sq ft (0.209 ac)

Lot Dimensions (est.)50 ft wide × 181 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerT MACNALLY & R MACNALLY

Assessed Value$542,000

Land Value$280,000

Building Value$262,000

Annual Tax$8,505

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $10K total declared value · Most recent: Aug 2022 (misc)

MiscAug 2022Closed

$10K

Hail Experts Inc

ExistresMay 2019Closed

Erickson Plumbing Heating Cooling Inc

ExistresJul 2018Closed

Erickson Plumbing Heating Cooling Inc

ResJan 2017Closed

KB Service Co

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width45 ft

Buildable depth126 ft

Area~5,613 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 5,613 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
601 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	BAUMANN KELLEY TRUST	RESIDENTIAL	$926,100	68 ft
5229 LYNDALE AVE S MINNEAPOLIS MN 55419	CREEK TERRACE APTS LLC	APARTMENT	$8,929,100	138 ft
600 53RD ST W MINNEAPOLIS MN 55419	SUSAN ELIZABETH SALY	RESIDENTIAL	$444,800	146 ft
525 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	L A SCOTT & T A WATSON	RESIDENTIAL	$633,000	162 ft
524 53RD ST W MINNEAPOLIS MN 55419	J DONOVAN & C SOLHEID	RESIDENTIAL	$714,200	163 ft
520 53RD ST W MINNEAPOLIS MN 55419	ELIZABETH MARX & BRIAN MARX	RESIDENTIAL	$615,600	198 ft
516 53RD ST W MINNEAPOLIS MN 55419	WOOD REVOCABLE LIV TRUST	RESIDENTIAL	$511,300	235 ft
511 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	MATTHEW G ONNEN & R STALTER	RESIDENTIAL	$865,000	261 ft
512 53RD ST W MINNEAPOLIS MN 55419	M M CAMPO REVOCABLE TRUST	RESIDENTIAL-TWO UNIT	$718,800	278 ft
510 53RD ST W MINNEAPOLIS MN 55419	M M CAMPO REVOCABLE TRUST	RESIDENTIAL	$722,000	321 ft

Property History

Most Recent Sale

Date202111

Price$466,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,505