600 53RD ST W MINNEAPOLIS MN 55419

PID: 1502824330054

Property Overview

Parcel ID1502824330054

Lot Size6,600 sq ft (0.152 ac)

Lot Dimensions (est.)60 ft wide × 110 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerSUSAN ELIZABETH SALY

Assessed Value$444,800

Land Value$225,000

Building Value$219,800

Annual Tax$6,769

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2017 · $46K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Expired

Warners Stellian Co Inc

ResAug 2022Closed

Warners Stellian Co Inc

RemodelFeb 2022Closed

$16K

Minnesota Rusco Inc

ResFeb 2022Closed

Minnesota Rusco Inc

MiscJan 2021Closed

$1K

WINDOW CONCEPTS OF MINNESOTA 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth70 ft

Area~3,502 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 3,502 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
524 53RD ST W MINNEAPOLIS MN 55419	J DONOVAN & C SOLHEID	RESIDENTIAL	$714,200	68 ft
520 53RD ST W MINNEAPOLIS MN 55419	ELIZABETH MARX & BRIAN MARX	RESIDENTIAL	$615,600	130 ft
601 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	BAUMANN KELLEY TRUST	RESIDENTIAL	$926,100	146 ft
603 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	T MACNALLY & R MACNALLY	RESIDENTIAL	$542,000	146 ft
5229 LYNDALE AVE S MINNEAPOLIS MN 55419	CREEK TERRACE APTS LLC	APARTMENT	$8,929,100	177 ft
516 53RD ST W MINNEAPOLIS MN 55419	WOOD REVOCABLE LIV TRUST	RESIDENTIAL	$511,300	180 ft
525 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	L A SCOTT & T A WATSON	RESIDENTIAL	$633,000	194 ft
521 53RD ST W MINNEAPOLIS MN 55419	K H A & J D VON REUTER	RESIDENTIAL	$505,000	197 ft
519 53RD ST W MINNEAPOLIS MN 55419	KEN W BURG & JANE A BURG	RESIDENTIAL	$354,200	220 ft
512 53RD ST W MINNEAPOLIS MN 55419	M M CAMPO REVOCABLE TRUST	RESIDENTIAL-TWO UNIT	$718,800	232 ft

Property History

Most Recent Sale

Date199809

Price$162,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,769