5240 47TH AVE S MINNEAPOLIS MN 55417

PID: 1702823330136

Property Overview

Parcel ID1702823330136

Lot Size5,127 sq ft (0.118 ac)

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

Year Built1912

Property ClassRESIDENTIAL

OwnerSAMUEL ABDO

Assessed Value$277,500

Land Value$131,000

Building Value$146,500

Annual Tax$3,977

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

2 permits on record since 2023 · $7K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$7K

Summit Construction Group

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
5236 47TH AVE S MINNEAPOLIS MN 55417	KEVIN KUJAWA	RESIDENTIAL	$283,000	40 ft
5244 47TH AVE S MINNEAPOLIS MN 55417	KEVIN JIANG	RESIDENTIAL	$296,500	40 ft
5232 47TH AVE S MINNEAPOLIS MN 55417	L L-JACQUES & E L-JACQUES	RESIDENTIAL	$417,200	80 ft
5248 47TH AVE S MINNEAPOLIS MN 55417	SHELLY M THOMPSON	RESIDENTIAL	$281,100	80 ft
5228 47TH AVE S MINNEAPOLIS MN 55417	E A DRESSEN & J D R ROCHA	RESIDENTIAL	$439,400	120 ft
5252 47TH AVE S MINNEAPOLIS MN 55417	JAIME ARNSETH & C ARNSETH	RESIDENTIAL	$323,400	120 ft
5241 46TH AVE S MINNEAPOLIS MN 55417	RODNEY SCOTT GUNDY	RESIDENTIAL	$317,700	142 ft
5237 46TH AVE S MINNEAPOLIS MN 55417	LOUIS F VIOSCA	RESIDENTIAL	$271,800	147 ft
5245 46TH AVE S MINNEAPOLIS MN 55417	ALLEN L STOLTMAN	RESIDENTIAL	$273,500	148 ft
5237 47TH AVE S MINNEAPOLIS MN 55417	ZACHARY S AAKER	RESIDENTIAL	$288,100	150 ft

Property History

Most Recent Sale

Date202408

Price$400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,977