4950 RUSSELL AVE S MINNEAPOLIS MN 55410

PID: 1702824140041

Property Overview

Parcel ID1702824140041

Lot Size5,444 sq ft (0.125 ac)

Lot Dimensions (est.)136 ft wide × 40 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerJOHN W C VAN BOGART

Assessed Value$780,600

Land Value$352,000

Building Value$428,600

Annual Tax$13,020

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $6K total declared value · Most recent: Dec 2022 (res)

ResDec 2022Expired

Warners Stellian Co Inc

ExistresSep 2018Closed

Standard Heating and Air Conditioning Inc

ResSep 2018Closed

Norblom Plumbing Co

MiscSep 2018Closed

$6K

Mohler Chimney Repair LLC

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

Neighborhood Profile

Minneapolis

Median reported rent1,625/mo

Renter-occupied17.4%

Median home value$721K

Vacancy rate0.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 106

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth96 ft

Area~2,882 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 2,882 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4952 RUSSELL AVE S MINNEAPOLIS MN 55410	C C GRIMM & S J DEHNING	RESIDENTIAL	$610,400	40 ft
4948 RUSSELL AVE S MINNEAPOLIS MN 55410	S THOMAS & A THOMAS	RESIDENTIAL	$643,000	40 ft
4944 RUSSELL AVE S MINNEAPOLIS MN 55410	J M KRANIG/J K SCHAAF ET AL	RESIDENTIAL	$596,600	80 ft
4940 RUSSELL AVE S MINNEAPOLIS MN 55410	MICHAEL LINGVALL	RESIDENTIAL	$603,600	120 ft
2530 50TH ST W MINNEAPOLIS MN 55410	AIP 25TH STREET LLC	RESIDENTIAL	$649,100	135 ft
4949 SHERIDAN AVE S MINNEAPOLIS MN 55410	JILL ANDERSON/BRYAN ANDERSON	RESIDENTIAL-TWO UNIT	$654,100	136 ft
5000 RUSSELL AVE S MINNEAPOLIS MN 55410	CJR SYNDICATE LLC	RESIDENTIAL-TWO UNIT	$605,500	141 ft
4945 SHERIDAN AVE S MINNEAPOLIS MN 55410	4945 SHERIDAN LLC	RESIDENTIAL-TWO UNIT	$655,800	150 ft
4938 RUSSELL AVE S MINNEAPOLIS MN 55410	BRIAN S & GIANNA B LASSITER	RESIDENTIAL	$786,300	161 ft
5004 RUSSELL AVE S MINNEAPOLIS MN 55410	CHRISTOPHER J DETTLING	RESIDENTIAL	$438,000	180 ft

Property History

Most Recent Sale

Date198510

Price$93,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$13,020