5344 48TH AVE S MINNEAPOLIS MN 55417

PID: 1702823330069

Property Overview

Parcel ID1702823330069

Lot Size5,127 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerBARBARA J HEIMANN

Assessed Value$212,500

Land Value$128,000

Building Value$84,500

Annual Tax$3,380

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2023 · Most recent: Mar 2023 (res)

ResMar 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Minnehaha · Minneapolis

Median reported rent1,555/mo

Renter-occupied20.2%

Median home value$286K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 119.98

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,644 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 small multifamily (2–4 units, wood frame) benchmarks for 2,644 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5340 48TH AVE S MINNEAPOLIS MN 55417	PATRICK THOMAS O'CONNOR	RESIDENTIAL	$320,900	40 ft
5348 48TH AVE S MINNEAPOLIS MN 55417	E M FERGUSON & H J FERGUSON	RESIDENTIAL	$223,000	40 ft
5336 48TH AVE S MINNEAPOLIS MN 55417	L S BURGETT & K A GRAY	RESIDENTIAL	$241,000	80 ft
5352 48TH AVE S MINNEAPOLIS MN 55417	BRYCE THOMPSON-TUKES	RESIDENTIAL	$271,000	80 ft
5356 48TH AVE S MINNEAPOLIS MN 55417	JOHN BURLING & AYDY YOU	RESIDENTIAL	$231,000	119 ft
5332 48TH AVE S MINNEAPOLIS MN 55417	JEFFREY R NEWCOMER	RESIDENTIAL	$275,300	120 ft
5345 47TH AVE S MINNEAPOLIS MN 55417	J BOBOLINK/JESELINA M ARTOLA	RESIDENTIAL	$247,200	142 ft
5349 47TH AVE S MINNEAPOLIS MN 55417	STEPHANIE NICOLE JOHNSON	RESIDENTIAL	$324,700	147 ft
5341 47TH AVE S MINNEAPOLIS MN 55417	THOMAS P FERRARA	RESIDENTIAL	$376,800	147 ft
5328 48TH AVE S MINNEAPOLIS MN 55417	K A BAKKEN & Q A H BAKKEN	RESIDENTIAL	$329,100	161 ft

Property History

Most Recent Sale

Date198704

Price$53,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,380