116 PRATT ST MINNEAPOLIS MN 55419

PID: 1502824340073

Property Overview

Parcel ID1502824340073

Lot Size10,310 sq ft (0.237 ac)

Lot Dimensions (est.)49 ft wide × 209 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerMARIO A & KELLY R CALVO

Assessed Value$825,600

Land Value$364,000

Building Value$461,600

Annual Tax$13,870

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

4 permits on record since 2009 · $94K total declared value · Most recent: May 2025 (existres)

ExistresMay 2025Closed

Professional Mechanical Services LLC

ExistresOct 2022Closed

HomeWorks Services LLC

MiscAug 2018Closed

$10K

CROSSROAD CONSTRUCTION INC

Building Re-inspectionNov 2009

$85K

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 width40 ft

Buildable depth166 ft

Area~6,616 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 6,616 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
120 PRATT ST MINNEAPOLIS MN 55419	M C BROWN & C PETERSON	RESIDENTIAL	$622,000	49 ft
112 PRATT ST MINNEAPOLIS MN 55419	M & M KARRAKER	RESIDENTIAL	$653,600	50 ft
110 PRATT ST MINNEAPOLIS MN 55419	ROBERT A HEGGESTUEN ET AL	RESIDENTIAL	$745,000	99 ft
136 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	E ERICKSON TRS & P T POORE	RESIDENTIAL	$1,253,600	130 ft
108 PRATT ST MINNEAPOLIS MN 55419	JAY P WEBERLING TRUST	RESIDENTIAL	$889,000	156 ft
142 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	W M JOHNSON & H L JOHNSON	RESIDENTIAL	$784,300	165 ft
119 VALLEYVIEW PL MINNEAPOLIS MN 55419	B H BRUEMMER & L A MOTZ	RESIDENTIAL	$660,800	181 ft
135 VALLEYVIEW PL MINNEAPOLIS MN 55419	D K JACOBSON & S W COOPMANS	RESIDENTIAL	$649,700	187 ft
115 VALLEYVIEW PL MINNEAPOLIS MN 55419	VINCENT J MOCCIO TRUST AGRMT	RESIDENTIAL	$1,309,500	188 ft
119 PRATT ST MINNEAPOLIS MN 55419	J FLEURIET & K FLEURIET	RESIDENTIAL	$793,600	197 ft

Property History

Most Recent Sale

Date201206

Price$645,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,870