5049 EMERSON AVE S MINNEAPOLIS MN 55419

PID: 1602824420040

Property Overview

Parcel ID1602824420040

Lot Size7,750 sq ft (0.178 ac)

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

Year Built1918

Property ClassRESIDENTIAL

OwnerK P FALSANI & E FALSANI

Assessed Value$647,300

Land Value$355,000

Building Value$292,300

Annual Tax$10,497

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2022 · $23K total declared value · Most recent: Aug 2025 (existres)

ExistresAug 2025Closed

Standard Heating and Air Conditioning Inc

MiscJun 2025Closed

$15K

NEW LIFE CONTRACTING INC

ResNov 2024Closed

CenterPoint Energy Resource Corp

ExistresOct 2022Closed

Metro Heating & Cooling LLC

ResSep 2022Closed

ProMech LLC

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth89 ft

Area~4,457 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 4,457 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5055 EMERSON AVE S MINNEAPOLIS MN 55419	JANE RIVAS	RESIDENTIAL	$742,800	60 ft
5043 EMERSON AVE S MINNEAPOLIS MN 55419	EVAN PROKOP & KELSEY DOYLE	RESIDENTIAL	$735,200	60 ft
5039 EMERSON AVE S MINNEAPOLIS MN 55419	J O ZIMMERMAN/SARAH L BOYER	RESIDENTIAL	$853,500	120 ft
5050 DUPONT AVE S MINNEAPOLIS MN 55419	M C WASMER & K J WASMER	RESIDENTIAL	$720,500	141 ft
5044 DUPONT AVE S MINNEAPOLIS MN 55419	L C PLUMMER & M R PLUMMER	RESIDENTIAL	$800,000	153 ft
5056 DUPONT AVE S MINNEAPOLIS MN 55419	MARY LEE BLOMGREN	RESIDENTIAL	$922,000	153 ft
5101 EMERSON AVE S MINNEAPOLIS MN 55419	J I KRAMMER & D M SHAW TRSTS	RESIDENTIAL	$726,600	175 ft
5031 EMERSON AVE S MINNEAPOLIS MN 55419	T KISSELL & M KISSELL	RESIDENTIAL	$949,000	180 ft
5038 DUPONT AVE S MINNEAPOLIS MN 55419	B R WIESSNER & L A SCHNECK	RESIDENTIAL	$648,400	185 ft
5050 EMERSON AVE S MINNEAPOLIS MN 55419	J S & J M HOKANSON	RESIDENTIAL	$1,033,000	189 ft

Property History

Most Recent Sale

Date202010

Price$650,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,497