524 54TH ST W MINNEAPOLIS MN 55419

PID: 1502824330081

Property Overview

Parcel ID1502824330081

Lot Size6,695 sq ft (0.154 ac)

Lot Dimensions (est.)75 ft wide × 89 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerH CARLSSON & E J CARLSSON

Assessed Value$423,900

Land Value$198,000

Building Value$225,900

Annual Tax$6,625

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2021 · Most recent: Aug 2025 (res)

ResAug 2025Inspection

Norblom Plumbing Co

ExistresMay 2021Closed

Erickson Plumbing Heating Cooling 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 width62 ft

Buildable depth49 ft

Area~3,058 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 3,058 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
520 54TH ST W MINNEAPOLIS MN 55419	JOSHUA BEAUCHAMP	RESIDENTIAL	$378,800	64 ft
5343 GARFIELD AVE MINNEAPOLIS MN 55419	L J PURCELL & D P PURCELL	RESIDENTIAL	$442,900	74 ft
5339 GARFIELD AVE MINNEAPOLIS MN 55419	TAM TRAN	RESIDENTIAL	$331,100	114 ft
510 54TH ST W MINNEAPOLIS MN 55419	J J GROSSMAN/J M RUBINSTEIN	RESIDENTIAL	$622,100	114 ft
5335 GARFIELD AVE MINNEAPOLIS MN 55419	M PIERLUISSI & S PIERLUISSI	RESIDENTIAL	$470,600	153 ft
614 54TH ST W MINNEAPOLIS MN 55419	PICARD FAMILY JOINT REV TR	COMMERCIAL-PREFERRED	$1,120,000	161 ft
506 54TH ST W MINNEAPOLIS MN 55419	ROBERT & ELIZABETH KARGES	RESIDENTIAL	$320,900	161 ft
5326 HARRIET AVE MINNEAPOLIS MN 55419	JONATHAN COOPER POHLAND	RESIDENTIAL	$492,000	182 ft
5331 GARFIELD AVE MINNEAPOLIS MN 55419	R G PEREZ & J M LOPEZ-LOPEZ	RESIDENTIAL	$319,000	193 ft
5322 HARRIET AVE MINNEAPOLIS MN 55419	JACOB/ELIZABETH HATTENBERGER	RESIDENTIAL	$487,500	207 ft

Property History

Most Recent Sale

Date199806

Price$168,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,625