4029 54TH ST E MINNEAPOLIS MN 55417

PID: 1902823120059

Property Overview

Parcel ID1902823120059

Lot Size6,682 sq ft (0.153 ac)

Lot Dimensions (est.)51 ft wide × 132 ft deep

Year Built1931

Property ClassRESIDENTIAL

OwnerJ K ENGEHOLM & A A SEYMOUR

Assessed Value$320,200

Land Value$117,000

Building Value$203,200

Annual Tax$4,993

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2018 · Most recent: Apr 2018 (res)

ResApr 2018Closed

CENTERPOINT ENERGY

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

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth94 ft

Area~3,746 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 3-story wood frame (5–12 units) benchmarks for 3,746 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4025 54TH ST E MINNEAPOLIS MN 55417	J P HANSON, H E & A A HANSON	RESIDENTIAL	$205,100	50 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	KELLY SULLIVAN/WILLIAM LANGE	RESIDENTIAL	$612,200	50 ft
4021 54TH ST E MINNEAPOLIS MN 55417	AUGUSTUS MURPHY	RESIDENTIAL	$240,700	100 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	JESSICA COUGHLIN	RESIDENTIAL	$674,100	100 ft
4104 BOARDMAN ST MINNEAPOLIS MN 55417	M L SCHAEFFER & J T TOWER	RESIDENTIAL	$194,000	134 ft
4020 BOARDMAN ST MINNEAPOLIS MN 55417	KELLY & PATRICK HANDLEY	RESIDENTIAL	$412,500	143 ft
4106 BOARDMAN ST MINNEAPOLIS MN 55417	CATHERINE J SHAUGHNESSY	RESIDENTIAL	$317,300	143 ft
4111 54TH ST E MINNEAPOLIS MN 55417	D A LARSON & S M LINNELL	RESIDENTIAL	$212,600	145 ft
4017 54TH ST E MINNEAPOLIS MN 55417	RAYE SHIEL	RESIDENTIAL	$187,000	150 ft
4108 BOARDMAN ST MINNEAPOLIS MN 55417	ADAM SCHUNK/TREASURE SCHUNK	RESIDENTIAL	$313,400	166 ft

Property History

Most Recent Sale

Date200909

Price$210,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,993