5047 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824410096

Property Overview

Parcel ID1502824410096

Lot Size13,229 sq ft (0.304 ac)

Lot Dimensions (est.)97 ft wide × 137 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerMADOLANE S ZYDOWICZ

Assessed Value$890,000

Land Value$345,000

Building Value$545,000

Annual Tax$15,088

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $4K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

Norblom Plumbing Co

ExistresMay 2025Closed

Standard Heating and Air Conditioning Inc

MiscNov 2021Closed

$4K

Minnesota Rusco Inc

ResSep 2019Closed

Warners Stellian Co Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Field · Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

Market Snapshot

Zip code 55419

Median sale price$535K+0.3% YoY

Median price / sqft$293/sqft

Median days to close12 days

Active listings39

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 width84 ft

Buildable depth97 ft

Area~6,517 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 6,517 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
306 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	GORDON J RAUSCH TRUSTEE	RESIDENTIAL	$916,600	90 ft
5035 3RD AVE S MINNEAPOLIS MN 55419	P J DYMIT & M M DYMIT	RESIDENTIAL	$692,600	134 ft
220 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	A B MINGE & M A SKINNER	RESIDENTIAL	$932,000	172 ft
5042 3RD AVE S MINNEAPOLIS MN 55419	ANNE C SOTO	RESIDENTIAL	$634,200	181 ft
5027 3RD AVE S MINNEAPOLIS MN 55419	R HOPFENSPERGER ETAL TRUST	RESIDENTIAL	$661,900	208 ft
5034 3RD AVE S MINNEAPOLIS MN 55419	RICHARD P & SUSAN E MEWES	RESIDENTIAL	$611,700	216 ft
314 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	M PETERSON & J PETERSON	RESIDENTIAL	$864,000	219 ft
322 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	MARGARET L SCHMUCHER REV TR	RESIDENTIAL	$731,700	236 ft
210 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	E HATHAWAY & J HATHAWAY	RESIDENTIAL	$1,119,000	259 ft
5026 3RD AVE S MINNEAPOLIS MN 55419	M HOLDEM & A A HOLDEN	RESIDENTIAL	$629,900	270 ft

Property History

Current Tax Year

Year2026

Tax Due$15,088