5500 46TH AVE S MINNEAPOLIS MN 55417

PID: 1902823110205

Property Overview

Parcel ID1902823110205

Lot Size5,225 sq ft (0.120 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerASHLEY LH WHEELER ET AL

Assessed Value$256,600

Land Value$102,000

Building Value$154,600

Annual Tax$3,876

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

6 permits on record since 2017 · $23K total declared value · Most recent: Jul 2020 (misc)

MiscJul 2020Closed

$10K

Options Exteriors

ResOct 2017Closed

Linn Star Transfer Inc

ResJul 2017Closed

Boe Plumbing Inc

ResJul 2017Closed

Boe Plumbing Inc

ExistresJul 2017Closed

DORNICK CONSTRUCTION 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~2,448 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 2,448 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
5504 46TH AVE S MINNEAPOLIS MN 55417	BRETT LYSLO	RESIDENTIAL	$302,500	40 ft
5508 46TH AVE S MINNEAPOLIS MN 55417	TERESA M/MITCHELL KULSETH	RESIDENTIAL	$263,700	81 ft
5456 46TH AVE S MINNEAPOLIS MN 55417	SPENCER W POPE	RESIDENTIAL-TWO UNIT	$254,700	100 ft
5512 46TH AVE S MINNEAPOLIS MN 55417	DESPINA I DAVIS	RESIDENTIAL	$271,000	121 ft
5452 46TH AVE S MINNEAPOLIS MN 55417	MNSF T2 SPE LLC	RESIDENTIAL	$137,100	140 ft
5501 45TH AVE S MINNEAPOLIS MN 55417	MARK HENDRICKSON	RESIDENTIAL	$277,200	142 ft
5505 45TH AVE S MINNEAPOLIS MN 55417	BRITTNEY R SALINE	RESIDENTIAL	$200,200	148 ft
5516 46TH AVE S MINNEAPOLIS MN 55417	JOSEPH R DOMBROVSKI ET AL	RESIDENTIAL	$300,200	161 ft
5509 45TH AVE S MINNEAPOLIS MN 55417	LUKE PHILIP SEITZ	RESIDENTIAL	$274,700	164 ft
5457 45TH AVE S MINNEAPOLIS MN 55417	JANICE ELEANOR WATTERS	RESIDENTIAL	$204,800	173 ft

Property History

Most Recent Sale

Date201711

Price$215,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,876