123 E MINNEHAHA PKWY MINNEAPOLIS MN 55419

PID: 1502824430061

Property Overview

Parcel ID1502824430061

Lot Size15,712 sq ft (0.361 ac)

Lot Dimensions (est.)138 ft wide × 114 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerRICHARD L WILL REV TRUST

Assessed Value$710,100

Land Value$364,000

Building Value$346,100

Annual Tax$6,526

Environmental Constraints

FloodplainYes — Zone AE

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2021 · $17K total declared value · Most recent: May 2021 (misc)

MiscMay 2021Closed

$17K

Neighborly Property Group LLC

ResMar 2021Closed

CenterPoint Energy Resource Corp

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 width125 ft

Buildable depth74 ft

Area~9,158 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 9,158 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
117 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	MICHELLE LEBLANC	RESIDENTIAL	$894,900	103 ft
5226 STEVENS AVE MINNEAPOLIS MN 55419	PETER GEYE/EMILY P HAMILTON	RESIDENTIAL	$844,000	162 ft
111 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	S C & C A JOHNSON	RESIDENTIAL	$657,400	168 ft
105 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	T H GUNTHER & A E GUNTHER	RESIDENTIAL	$742,800	231 ft
5232 STEVENS AVE MINNEAPOLIS MN 55419	AMY M & JAMIE G SMITH	RESIDENTIAL	$585,700	259 ft
101 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	C R NOVENARIO & J E TILL JR	RESIDENTIAL	$764,800	291 ft
5308 1ST AVE S MINNEAPOLIS MN 55419	R C & L M MARTIN REV TRUST	RESIDENTIAL	$634,100	295 ft
28 LUVERNE AVE MINNEAPOLIS MN 55419	N V MACHADO & F H MACHADO	VACANT LAND-RESIDENTIAL	$1,100	330 ft
32 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	JOAN F WELTER	RESIDENTIAL	$609,600	334 ft
59 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	TIMOTHY P LITTLE ET AL	RESIDENTIAL	$831,400	354 ft

Property History

Most Recent Sale

Date199812

Price$195,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,526