5344 47TH AVE S MINNEAPOLIS MN 55417

PID: 1702823330093

Property Overview

Parcel ID1702823330093

Lot Size5,127 sq ft (0.118 ac)

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

Year Built1961

Property ClassRESIDENTIAL

OwnerMARGARET L SODERHOLM

Assessed Value$290,000

Land Value$131,000

Building Value$159,000

Annual Tax$4,187

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 2019 · Most recent: Feb 2019 (existres)

ExistresFeb 2019Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

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%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5340 47TH AVE S MINNEAPOLIS MN 55417	K E NELSON & R E LUNDQUIST	RESIDENTIAL	$267,100	40 ft
5348 47TH AVE S MINNEAPOLIS MN 55417	H FROILAND & S QUINNELL	RESIDENTIAL	$327,900	40 ft
5336 47TH AVE S MINNEAPOLIS MN 55417	HEATHER DUMKE & KEVIN DUMKE	RESIDENTIAL	$359,100	80 ft
5352 47TH AVE S MINNEAPOLIS MN 55417	PENGUIN PROPERTIES LLC	RESIDENTIAL	$308,200	80 ft
5356 47TH AVE S MINNEAPOLIS MN 55417	SARA E HUTING	RESIDENTIAL	$276,700	119 ft
5332 47TH AVE S MINNEAPOLIS MN 55417	JAMES GRONSETH ET AL	RESIDENTIAL	$364,800	120 ft
5345 46TH AVE S MINNEAPOLIS MN 55417	ANTHONY NOEL RISHER	RESIDENTIAL	$421,800	142 ft
5349 46TH AVE S MINNEAPOLIS MN 55417	LAURA A RENDALL	RESIDENTIAL	$271,300	148 ft
5341 46TH AVE S MINNEAPOLIS MN 55417	IAN S MOLLDREM	RESIDENTIAL	$302,800	148 ft
5328 47TH AVE S MINNEAPOLIS MN 55417	A H ABBE & K A ABBE	RESIDENTIAL	$300,000	160 ft

Property History

Most Recent Sale

Date202406

Price$330,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,187