5055 FREMONT AVE S MINNEAPOLIS MN 55419

PID: 1602824420019

Property Overview

Parcel ID1602824420019

Lot Size7,755 sq ft (0.178 ac)

Lot Dimensions (est.)129 ft wide × 60 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerP D BUSH & K E BISHOP

Assessed Value$952,700

Land Value$379,000

Building Value$573,700

Annual Tax$16,275

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2002 · $121K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2023Closed

$27K

Neighborly Property Group LLC

MiscMar 2021Closed

$4K

KAUFMAN SHEET METAL ROOFING INC

Building Re-inspectionJun 2002

$90K

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 width116 ft

Buildable depth20 ft

Area~4,193 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 4,193 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
5051 FREMONT AVE S MINNEAPOLIS MN 55419	J R & K F CRANNEY	RESIDENTIAL	$1,120,500	60 ft
5043 FREMONT AVE S MINNEAPOLIS MN 55419	J G STEINBERG/K V WATSON	RESIDENTIAL	$841,200	120 ft
5056 EMERSON AVE S MINNEAPOLIS MN 55419	SEAN O'BRIEN/MALLORY O'BRIEN	RESIDENTIAL	$744,400	141 ft
5050 EMERSON AVE S MINNEAPOLIS MN 55419	J S & J M HOKANSON	RESIDENTIAL	$1,033,000	153 ft
5054 FREMONT AVE S MINNEAPOLIS MN 55419	S H MAYS & B E KNOTT	RESIDENTIAL	$993,000	159 ft
1219 51ST ST W MINNEAPOLIS MN 55419	MYER JOY	RESIDENTIAL	$1,088,600	159 ft
1215 51ST ST W MINNEAPOLIS MN 55419	D CRAMER & C REED	RESIDENTIAL	$633,100	165 ft
5100 EMERSON AVE S MINNEAPOLIS MN 55419	M BROWN & P BROWN	RESIDENTIAL	$635,300	174 ft
5039 FREMONT AVE S MINNEAPOLIS MN 55419	JAMES C & MONICA E CLANCY	RESIDENTIAL	$803,800	180 ft
5042 EMERSON AVE S MINNEAPOLIS MN 55419	RAKA MUSTAPHI MITRA	RESIDENTIAL	$1,029,500	185 ft

Property History

Most Recent Sale

Date199405

Price$253,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$16,275