3604 56TH ST E MINNEAPOLIS MN 55417

PID: 1902823210143

Property Overview

Parcel ID1902823210143

Lot Size5,568 sq ft (0.128 ac)

Lot Dimensions (est.)128 ft wide × 44 ft deep

Year Built1928

Property ClassRESIDENTIAL-TWO UNIT

OwnerM PARSATOON & D P PARSATOON

Assessed Value$462,000

Land Value$114,000

Building Value$348,000

Annual Tax$7,055

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · Most recent: May 2023 (res)

ResMay 2023Expired

MN Plumbing & Home Services INC

ResNov 2017Closed

Adam's On-Time Plumbing & Water Heaters LLC

ResMay 2017Closed

Adam's On-Time Plumbing & Water Heaters LLC

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 depth4 ft

Area~409 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 409 sqft buildable area.

Est. units

Yield on cost

4.8%

Spread

-0.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5555 36TH AVE S MINNEAPOLIS MN 55417	F O BROCK & B J BROCK	RESIDENTIAL	$297,700	42 ft
5549 36TH AVE S MINNEAPOLIS MN 55417	JAMES L IVENS & WIFE	RESIDENTIAL	$336,200	82 ft
5601 36TH AVE S MINNEAPOLIS MN 55417	J L MELZER & S A MELZER	RESIDENTIAL	$248,900	105 ft
5545 36TH AVE S MINNEAPOLIS MN 55417	REBECCA BACK & JOEL BACK	RESIDENTIAL	$396,300	121 ft
5556 37TH AVE S MINNEAPOLIS MN 55417	YVONNE THOITS/TIMOTHY THOITS	RESIDENTIAL	$335,100	142 ft
5552 37TH AVE S MINNEAPOLIS MN 55417	TONI M & TROY D MEDLOCK	RESIDENTIAL	$263,200	148 ft
5605 36TH AVE S MINNEAPOLIS MN 55417	S YARCIA & C P PINEDA	RESIDENTIAL	$299,300	148 ft
5541 36TH AVE S MINNEAPOLIS MN 55417	JOSEPH LING	RESIDENTIAL	$307,800	162 ft
5548 37TH AVE S MINNEAPOLIS MN 55417	GRETCHEN A SITZER	RESIDENTIAL	$273,800	164 ft
5600 37TH AVE S MINNEAPOLIS MN 55417	G CALCANAS & N CALCANAS	RESIDENTIAL	$243,100	176 ft

Property History

Most Recent Sale

Date202208

Price$515,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,055