4897 E LAKE HARRIET PKWY MINNEAPOLIS MN 55419

PID: 1602824230001

Property Overview

Parcel ID1602824230001

Lot Size12,478 sq ft (0.286 ac)

Lot Dimensions (est.)72 ft wide × 174 ft deep

Year Built1935

Property ClassRESIDENTIAL

OwnerD O SMITH & V L SMITH

Assessed Value$1,841,000

Land Value$888,000

Building Value$953,000

Annual Tax$33,079

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2023 · Most recent: Aug 2023 (existres)

ExistresAug 2023Closed

Owens Companies Inc

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

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,625/mo

Renter-occupied17.4%

Median home value$721K

Vacancy rate0.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 106

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 width59 ft

Buildable depth134 ft

Area~7,863 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 7,863 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4893 E LAKE HARRIET PKWY MINNEAPOLIS MN 55419	JOHN FROMAN & SARA FROMAN	RESIDENTIAL	$1,326,400	67 ft
4821 PENN AVE S MINNEAPOLIS MN 55419	THOMAS E ANDERSON	RESIDENTIAL	$1,048,400	120 ft
4888 W LAKE HARRIET PKWY MINNEAPOLIS MN 55410	S W STEICHEN & K B STEICHEN	RESIDENTIAL	$2,306,500	139 ft
4889 E LAKE HARRIET PKWY MINNEAPOLIS MN 55419	J SWEENEY & K SWEENEY	RESIDENTIAL	$3,875,800	155 ft
4825 PENN AVE S MINNEAPOLIS MN 55419	R J LONG II & G C DRIESSEN	RESIDENTIAL	$871,900	168 ft
4816 PENN AVE S MINNEAPOLIS MN 55419	K A BURNETT & J S BURNETT	RESIDENTIAL	$987,500	186 ft
4882 W LAKE HARRIET PKWY MINNEAPOLIS MN 55410	M E STRAND & T S FRASER	RESIDENTIAL	$1,629,000	208 ft
4820 PENN AVE S MINNEAPOLIS MN 55419	J GOLDEN & E EATON	RESIDENTIAL	$1,047,000	212 ft
4831 PENN AVE S MINNEAPOLIS MN 55419	K R COCHRAN & H V MOORE	RESIDENTIAL	$1,136,000	223 ft
4887 E LAKE HARRIET PKWY MINNEAPOLIS MN 55419	A J RAO & M C J RAO	RESIDENTIAL	$1,730,000	250 ft

Property History

Most Recent Sale

Date199710

Price$950,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$33,079