1215 51ST ST W MINNEAPOLIS MN 55419

PID: 1602824420082

Property Overview

Parcel ID1602824420082

Lot Size7,197 sq ft (0.165 ac)

Lot Dimensions (est.)50 ft wide × 144 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerD CRAMER & C REED

Assessed Value$633,100

Land Value$342,000

Building Value$291,100

Annual Tax$10,953

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $27K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Closed

CenterPoint Energy Resource Corp

MiscApr 2021Closed

$14K

ALL CRAFTSMEN EXTERIORS

ResNov 2019Closed

UPTOWN PLUMBING HEATING AND COOLING

ExistresJul 2017Closed

TEAM MECHANICAL INC

RemodelJun 2017Closed

$13K

ELITE BASEMENT DESIGNS

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 width40 ft

Buildable depth104 ft

Area~4,159 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 4,159 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1219 51ST ST W MINNEAPOLIS MN 55419	MYER JOY	RESIDENTIAL	$1,088,600	77 ft
5106 EMERSON AVE S MINNEAPOLIS MN 55419	RICHARD E SHINOFIELD & WIFE	RESIDENTIAL	$837,500	99 ft
5110 EMERSON AVE S MINNEAPOLIS MN 55419	J C WILBERSHIDE ET AL	RESIDENTIAL	$639,100	111 ft
5100 EMERSON AVE S MINNEAPOLIS MN 55419	M BROWN & P BROWN	RESIDENTIAL	$635,300	111 ft
5112 EMERSON AVE S MINNEAPOLIS MN 55419	L S HENNEMAN & P A RAGOZZINO	RESIDENTIAL	$805,000	112 ft
5116 EMERSON AVE S MINNEAPOLIS MN 55419	MYKOLA MALINOWSKY ETAL	RESIDENTIAL	$720,400	164 ft
5055 FREMONT AVE S MINNEAPOLIS MN 55419	P D BUSH & K E BISHOP	RESIDENTIAL	$952,700	165 ft
1242 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	CHARLES FROHMAN/FAYE FROHMAN	RESIDENTIAL	$1,260,000	187 ft
1246 W MINNEHAHA PKWY MINNEAPOLIS MN 55419	H FOLKERDS & D FOLKERDS	RESIDENTIAL	$968,000	190 ft
5056 EMERSON AVE S MINNEAPOLIS MN 55419	SEAN O'BRIEN/MALLORY O'BRIEN	RESIDENTIAL	$744,400	196 ft

Property History

Most Recent Sale

Date198502

Price$112,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$10,953