5248 47TH AVE S MINNEAPOLIS MN 55417

PID: 1702823330138

Property Overview

Parcel ID1702823330138

Lot Size5,126 sq ft (0.118 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerSHELLY M THOMPSON

Assessed Value$281,100

Land Value$131,000

Building Value$150,100

Annual Tax$4,303

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 · $17K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Final Inspection

$17K

Best Choice Roofing Twin Cities

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
5244 47TH AVE S MINNEAPOLIS MN 55417	KEVIN JIANG	RESIDENTIAL	$296,500	40 ft
5252 47TH AVE S MINNEAPOLIS MN 55417	JAIME ARNSETH & C ARNSETH	RESIDENTIAL	$323,400	40 ft
5240 47TH AVE S MINNEAPOLIS MN 55417	SAMUEL ABDO	RESIDENTIAL	$277,500	80 ft
5258 47TH AVE S MINNEAPOLIS MN 55417	LINSEY HAMILTON	RESIDENTIAL	$317,800	80 ft
5236 47TH AVE S MINNEAPOLIS MN 55417	KEVIN KUJAWA	RESIDENTIAL	$283,000	120 ft
5249 46TH AVE S MINNEAPOLIS MN 55417	ANNE LOUISE LISKA	RESIDENTIAL	$288,000	142 ft
5245 46TH AVE S MINNEAPOLIS MN 55417	ALLEN L STOLTMAN	RESIDENTIAL	$273,500	147 ft
5253 46TH AVE S MINNEAPOLIS MN 55417	WILLIE R RANSOM	RESIDENTIAL	$248,000	148 ft
5232 47TH AVE S MINNEAPOLIS MN 55417	L L-JACQUES & E L-JACQUES	RESIDENTIAL	$417,200	160 ft
5241 46TH AVE S MINNEAPOLIS MN 55417	RODNEY SCOTT GUNDY	RESIDENTIAL	$317,700	162 ft

Property History

Most Recent Sale

Date199506

Price$75,000

Type—

Current Tax Year

Year2026

Tax Due$4,303