121 51ST ST E MINNEAPOLIS MN 55419

PID: 1502824420124

Property Overview

Parcel ID1502824420124

Lot Size11,626 sq ft (0.267 ac)

Lot Dimensions (est.)80 ft wide × 145 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerRON REILKOFF & THEA REILKOFF

Assessed Value$754,700

Land Value$231,000

Building Value$523,700

Annual Tax$12,529

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

6 permits on record since 2018 · $1K total declared value · Most recent: Jan 2023 (existres)

ExistresJan 2023Closed

Centraire Heating & Air Conditioning LLC

ResSep 2021Closed

Norblom Plumbing Co

ExistresAug 2021Closed

Titan Heating and Cooling Inc

ExistresAug 2021Closed

Titan Heating and Cooling Inc

ExistresJan 2019Closed

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width70 ft

Buildable depth105 ft

Area~7,376 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 7,376 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
115 51ST ST E MINNEAPOLIS MN 55419	ANDREW COOKE & MARY E COOKE	RESIDENTIAL	$733,700	80 ft
118 ELMWOOD PL E MINNEAPOLIS MN 55419	C S MASSEY & D R NICHOLSON	RESIDENTIAL	$618,800	147 ft
107 51ST ST E MINNEAPOLIS MN 55419	T M SKRYPEK & M M SKRYPEK	RESIDENTIAL	$722,300	157 ft
114 51ST ST E MINNEAPOLIS MN 55419	AMY JO DENN	RESIDENTIAL	$708,200	167 ft
112 ELMWOOD PL E MINNEAPOLIS MN 55419	AARON GAALSWYK/AMY GAALSWYK	RESIDENTIAL	$1,014,000	171 ft
5041 1ST AVE S MINNEAPOLIS MN 55419	M C-Y WONG & E H WONG	RESIDENTIAL	$811,900	235 ft
5030 STEVENS AVE MINNEAPOLIS MN 55419	D M BURKE & J M BURKE	RESIDENTIAL	$761,300	245 ft
102 ELMWOOD PL E MINNEAPOLIS MN 55419	C R BRINK & L M BRINK	RESIDENTIAL	$871,500	247 ft
101 51ST ST E MINNEAPOLIS MN 55419	PAUL D & JANE P BERGE	RESIDENTIAL	$602,400	250 ft
5033 1ST AVE S MINNEAPOLIS MN 55419	IAN FORD & COURTNEY FORD	RESIDENTIAL	$634,000	277 ft

Property History

Current Tax Year

Year2026

Tax Due$12,529