5048 WASHBURN AVE S MINNEAPOLIS MN 55410

PID: 1702824420098

Property Overview

Parcel ID1702824420098

Lot Size5,132 sq ft (0.118 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerJ E BERGSTROM & A V O'CONNOR

Assessed Value$653,000

Land Value$298,000

Building Value$355,000

Annual Tax$10,606

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $8K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Final Inspection

CenterPoint Energy Resource Corp

RemodelOct 2025Closed

$3K

EGRESS WINDOW GUY

MiscJun 2021Closed

$5K

Options Exteriors

ResOct 2019Closed

FIRESIDE HEARTH AND HOME

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

Neighborhood Profile

Fulton · Minneapolis

Median reported rent1,771/mo

Renter-occupied10.4%

Median home value$551K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1113

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

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~2,649 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 2,649 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5044 WASHBURN AVE S MINNEAPOLIS MN 55410	PETER NICHOLSON	RESIDENTIAL	$1,147,600	40 ft
5052 WASHBURN AVE S MINNEAPOLIS MN 55410	JILL PEARSON	RESIDENTIAL	$483,300	40 ft
5056 WASHBURN AVE S MINNEAPOLIS MN 55410	A TANGEN & J TANGEN	RESIDENTIAL	$563,800	79 ft
5040 WASHBURN AVE S MINNEAPOLIS MN 55410	CHI T YEUNG & MARCIA A YEUNG	RESIDENTIAL	$515,900	80 ft
5036 WASHBURN AVE S MINNEAPOLIS MN 55410	N R MEHROTRA & P RAGHAVAN	RESIDENTIAL	$992,400	120 ft
5053 XERXES AVE S MINNEAPOLIS MN 55410	K BERDINE & L R BERDINE	RESIDENTIAL	$546,700	143 ft
5045 XERXES AVE S MINNEAPOLIS MN 55410	DANIEL BEHRENS/KIMBERLY REED	RESIDENTIAL	$527,400	144 ft
5057 XERXES AVE S MINNEAPOLIS MN 55410	KIRK TANNER & MELINDA TANNER	RESIDENTIAL	$524,900	160 ft
5032 WASHBURN AVE S MINNEAPOLIS MN 55410	FATIN OMERABI	RESIDENTIAL	$499,000	160 ft
5041 XERXES AVE S MINNEAPOLIS MN 55410	MICHAEL A JOHNSTON	RESIDENTIAL	$479,600	162 ft

Property History

Most Recent Sale

Date202310

Price$700,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,606