1121 48TH ST W MINNEAPOLIS MN 55419

PID: 1602824130025

Property Overview

Parcel ID1602824130025

Lot Size5,188 sq ft (0.119 ac)

Lot Dimensions (est.)65 ft wide × 80 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerM KHALILI & R M KHALILI

Assessed Value$690,500

Land Value$300,000

Building Value$390,500

Annual Tax$11,314

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $6K total declared value · Most recent: Sep 2024 (remodel)

RemodelSep 2024Closed

$6K

MN Solar

ExistresSep 2023Closed

Pronto Heating & Air Conditioning Inc

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

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,759/mo

Renter-occupied8.6%

Median home value$617K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1114

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 width52 ft

Buildable depth40 ft

Area~2,076 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 2,076 sqft buildable area.

Est. units

Yield on cost

1.3%

Spread

-4.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1115 48TH ST W MINNEAPOLIS MN 55419	C SNOW & K ISHIBASHI	RESIDENTIAL	$776,700	65 ft
4809 EMERSON AVE S MINNEAPOLIS MN 55419	M R FLEMING & M LYNCH	RESIDENTIAL	$663,000	68 ft
4815 EMERSON AVE S MINNEAPOLIS MN 55419	MARRA CLAY/KARL HEINRITZ	RESIDENTIAL	$595,300	106 ft
4817 EMERSON AVE S MINNEAPOLIS MN 55419	J MARCOTTY/A C BROWN TRSTEES	RESIDENTIAL	$599,500	145 ft
4753 EMERSON AVE S MINNEAPOLIS MN 55419	G ROBBINS & A ROBBINS	RESIDENTIAL	$1,570,000	153 ft
4800 EMERSON AVE S MINNEAPOLIS MN 55419	W B MCKINNEY & A J MCKINNEY	RESIDENTIAL	$679,900	159 ft
4800 DUPONT AVE S MINNEAPOLIS MN 55419	EVON BENT & CHRISTINE BENT	RESIDENTIAL-TWO UNIT	$1,744,200	162 ft
4808 EMERSON AVE S MINNEAPOLIS MN 55419	TSANG REVOCABLE FAMILY TRUST	RESIDENTIAL	$557,500	170 ft
4808 DUPONT AVE S MINNEAPOLIS MN 55419	RAYMOND JENKINS REV TR ET AL	RESIDENTIAL	$658,700	174 ft
4812 DUPONT AVE S MINNEAPOLIS MN 55419	J M HELIN & P A HELIN	RESIDENTIAL	$532,400	191 ft

Property History

Most Recent Sale

Date202107

Price$705,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,314