3601 50TH ST E MINNEAPOLIS MN 55417

PID: 1802823310119

Property Overview

Parcel ID1802823310119

Lot Size4,801 sq ft (0.110 ac)

Lot Dimensions (est.)45 ft wide × 106 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerLUCY REILE & JUSTIN ELSTON

Assessed Value$313,200

Land Value$125,000

Building Value$188,200

Annual Tax$4,573

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $8K total declared value · Most recent: Jun 2025 (misc)

MiscJun 2025Closed

$8K

NORTHRUP REMODELING

ResDec 2023Closed

ST PAUL PLUMBING AND HEATING CO INC

ResDec 2018Closed

CENTERPOINT ENERGY

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth66 ft

Area~2,001 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 2,001 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3605 50TH ST E MINNEAPOLIS MN 55417	TESSA SIMMONS	RESIDENTIAL	$242,400	45 ft
3609 50TH ST E MINNEAPOLIS MN 55417	RAYMOND C OXENDALE & WIFE	RESIDENTIAL	$278,700	90 ft
5011 36TH AVE S MINNEAPOLIS MN 55417	LINCOLN JOSEPH MCKNIGHT	RESIDENTIAL	$257,100	98 ft
5015 36TH AVE S MINNEAPOLIS MN 55417	BONNIE L NEUNSINGER	RESIDENTIAL	$294,700	135 ft
3615 50TH ST E MINNEAPOLIS MN 55417	MARISOL VELILLA LIVING TRUST	RESIDENTIAL	$335,300	135 ft
5019 36TH AVE S MINNEAPOLIS MN 55417	BONNIE L NEUNSINGER	RESIDENTIAL	$343,900	173 ft
3619 50TH ST E MINNEAPOLIS MN 55417	BENJAMIN J PICONE	RESIDENTIAL	$303,300	179 ft
5008 37TH AVE S MINNEAPOLIS MN 55417	LINDA K THARP ZERRIEN TRUST	RESIDENTIAL	$341,400	199 ft
3606 50TH ST E MINNEAPOLIS MN 55417	BRUCE W CURRIER	RESIDENTIAL	$301,000	207 ft
5023 36TH AVE S MINNEAPOLIS MN 55417	M WHELAN & L ROSENBROOK	RESIDENTIAL	$298,700	212 ft

Property History

Most Recent Sale

Date201107

Price$185,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,573