515 53RD ST W MINNEAPOLIS MN 55419

PID: 1502824330063

Property Overview

Parcel ID1502824330063

Lot Size5,589 sq ft (0.128 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerK R RUBIN & L L OTTMAR

Assessed Value$444,000

Land Value$214,000

Building Value$230,000

Annual Tax$6,755

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $22K total declared value · Most recent: Oct 2025 (existres)

ExistresOct 2025Closed

Standard Heating and Air Conditioning Inc

MiscJun 2023Closed

$10K

Defining Craftsmanship Construction

MiscOct 2021Closed

$4K

22nd Century Roofing

ResSep 2021Closed

CenterPoint Energy Resource Corp

ResApr 2021Closed

Norblom Plumbing 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

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 width35 ft

Buildable depth84 ft

Area~2,946 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 2,946 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
509 53RD ST W MINNEAPOLIS MN 55419	L M FRAZHER & V L FRAZHER	RESIDENTIAL	$516,900	45 ft
519 53RD ST W MINNEAPOLIS MN 55419	KEN W BURG & JANE A BURG	RESIDENTIAL	$354,200	45 ft
505 53RD ST W MINNEAPOLIS MN 55419	WADE BRENNOM/KESHA BRENNOM	RESIDENTIAL	$496,200	90 ft
521 53RD ST W MINNEAPOLIS MN 55419	K H A & J D VON REUTER	RESIDENTIAL	$505,000	90 ft
5311 GARFIELD AVE MINNEAPOLIS MN 55419	L C ANDERSON & B ANDERSON	RESIDENTIAL	$418,000	94 ft
5310 HARRIET AVE MINNEAPOLIS MN 55419	LAWRENCE G MATSUMOTO	RESIDENTIAL	$438,400	123 ft
5327 GARFIELD AVE MINNEAPOLIS MN 55419	NANCY E MULRENNAN	RESIDENTIAL	$383,200	131 ft
501 53RD ST W MINNEAPOLIS MN 55419	T SCOTT & E SCOTT	RESIDENTIAL	$449,500	135 ft
5314 HARRIET AVE MINNEAPOLIS MN 55419	DOUGLAS A G MROCZKOWSKI ETAL	RESIDENTIAL	$439,100	160 ft
5331 GARFIELD AVE MINNEAPOLIS MN 55419	R G PEREZ & J M LOPEZ-LOPEZ	RESIDENTIAL	$319,000	169 ft

Property History

Most Recent Sale

Date199911

Price$174,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,755