5501 42ND AVE S MINNEAPOLIS MN 55417

PID: 1902823110146

Property Overview

Parcel ID1902823110146

Lot Size5,201 sq ft (0.119 ac)

Lot Dimensions (est.)128 ft wide × 41 ft deep

Year Built1945

Property ClassRESIDENTIAL

OwnerKIMBERLY M KATZMARK

Assessed Value$272,100

Land Value$106,000

Building Value$166,100

Annual Tax$3,887

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $5K total declared value · Most recent: Sep 2023 (res)

ResSep 2023Closed

CenterPoint Energy Resource Corp

AdditionJun 2022Expired

$5K

JC Miller and Sons Inc

ResApr 2017Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Morris Park · Minneapolis

Median reported rent1,438/mo

Renter-occupied18.6%

Median home value$267K

Vacancy rate2.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 121.02

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 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.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth1 ft

Area~2,431 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 sfr / adu benchmarks for 2,431 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5505 42ND AVE S MINNEAPOLIS MN 55417	M R HOLTON & J D H HOLTON	RESIDENTIAL	$291,300	40 ft
5509 42ND AVE S MINNEAPOLIS MN 55417	M J STEWART/D F CHRISTIANSEN	RESIDENTIAL	$330,400	80 ft
5457 42ND AVE S MINNEAPOLIS MN 55417	AUSTIN WALKER REINEKE	RESIDENTIAL	$259,900	100 ft
5513 42ND AVE S MINNEAPOLIS MN 55417	SARA PETRIE	RESIDENTIAL	$299,500	120 ft
5453 42ND AVE S MINNEAPOLIS MN 55417	S & A ANDERSON	RESIDENTIAL	$235,000	140 ft
5500 43RD AVE S MINNEAPOLIS MN 55417	D W ZIEGLER & O ZIEGLER	RESIDENTIAL	$220,200	142 ft
5504 43RD AVE S MINNEAPOLIS MN 55417	KC INVESTMENT GROUP LLC	RESIDENTIAL	$238,000	147 ft
5517 42ND AVE S MINNEAPOLIS MN 55417	LAUREN KERSHNER	RESIDENTIAL	$242,700	161 ft
5508 43RD AVE S MINNEAPOLIS MN 55417	CAROLYN S STRANDBERG	RESIDENTIAL	$249,600	162 ft
5458 43RD AVE S MINNEAPOLIS MN 55417	JASON L PAULSEN ET AL	RESIDENTIAL	$186,000	174 ft

Property History

Most Recent Sale

Date200506

Price$191,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,887