501 53RD ST W MINNEAPOLIS MN 55419

PID: 1502824330060

Property Overview

Parcel ID1502824330060

Lot Size5,608 sq ft (0.129 ac)

Lot Dimensions (est.)45 ft wide × 123 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerT SCOTT & E SCOTT

Assessed Value$449,500

Land Value$214,000

Building Value$235,500

Annual Tax$7,199

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $7K total declared value · Most recent: Sep 2021 (res)

ResSep 2021Closed

CenterPoint Energy Resource Corp

MiscFeb 2020Closed

$4K

CROSSROAD CONSTRUCTION INC

MiscJan 2020Closed

$3K

Minnesota Rusco 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

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 width32 ft

Buildable depth83 ft

Area~2,707 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 2,707 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
505 53RD ST W MINNEAPOLIS MN 55419	WADE BRENNOM/KESHA BRENNOM	RESIDENTIAL	$496,200	45 ft
509 53RD ST W MINNEAPOLIS MN 55419	L M FRAZHER & V L FRAZHER	RESIDENTIAL	$516,900	90 ft
5310 HARRIET AVE MINNEAPOLIS MN 55419	LAWRENCE G MATSUMOTO	RESIDENTIAL	$438,400	97 ft
515 53RD ST W MINNEAPOLIS MN 55419	K R RUBIN & L L OTTMAR	RESIDENTIAL	$444,000	135 ft
5314 HARRIET AVE MINNEAPOLIS MN 55419	DOUGLAS A G MROCZKOWSKI ETAL	RESIDENTIAL	$439,100	142 ft
5309 HARRIET AVE MINNEAPOLIS MN 55419	J & M BOSIGER	RESIDENTIAL	$452,500	163 ft
5305 HARRIET AVE MINNEAPOLIS MN 55419	SHARON JEAN HALL	RESIDENTIAL	$468,800	174 ft
506 53RD ST W MINNEAPOLIS MN 55419	M VAN DYKE & S VAN DYKE	RESIDENTIAL	$447,800	178 ft
519 53RD ST W MINNEAPOLIS MN 55419	KEN W BURG & JANE A BURG	RESIDENTIAL	$354,200	180 ft
510 53RD ST W MINNEAPOLIS MN 55419	M M CAMPO REVOCABLE TRUST	RESIDENTIAL	$722,000	180 ft

Property History

Most Recent Sale

Date202603

Price$395,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,199