1520 56TH ST E MINNEAPOLIS MN 55417

PID: 2302824120147

Property Overview

Parcel ID2302824120147

Lot Size6,259 sq ft (0.144 ac)

Lot Dimensions (est.)42 ft wide × 150 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerW P BOLIN & P L BOLIN LIV TR

Assessed Value$488,500

Land Value$219,000

Building Value$269,500

Annual Tax$7,497

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $18K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

Barnes Plumbing Co Inc

RemodelSep 2025Closed

$15K

RUFFNER REMODELING AND REPAIR LLC

ResSep 2023Closed

Master Plumbing Services LLC

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResOct 2020Closed

Brikk Mechanical LLC

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

Neighborhood Profile

Minneapolis

Median reported rent1,798/mo

Renter-occupied6.8%

Median home value$416K

Vacancy rate0.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 117.04

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width29 ft

Buildable depth120 ft

Area~3,865 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 3,865 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1512 56TH ST E MINNEAPOLIS MN 55417	S F AUSTRIA & L T AUSTRIA	RESIDENTIAL-TWO UNIT	$1,025,800	53 ft
1524 56TH ST E MINNEAPOLIS MN 55417	THOMAS M SMITH ET AL	RESIDENTIAL	$461,800	54 ft
5542 EDGEWATER BLVD MINNEAPOLIS MN 55417	C SCHOENECKER & E JOHNANSSON	RESIDENTIAL	$560,800	151 ft
5538 EDGEWATER BLVD MINNEAPOLIS MN 55417	R S MARSHALL & S J MARSHALL	RESIDENTIAL	$503,000	153 ft
5541 15TH AVE S MINNEAPOLIS MN 55417	RACHEL D WALKER & R L WEIGEL	RESIDENTIAL	$475,100	155 ft
5537 15TH AVE S MINNEAPOLIS MN 55417	M B BREITZMANN & K E POWERS	RESIDENTIAL	$486,300	163 ft
5546 EDGEWATER BLVD MINNEAPOLIS MN 55417	R M & A M HERTLE	RESIDENTIAL	$726,900	165 ft
5545 15TH AVE S MINNEAPOLIS MN 55417	YAMIN SCHATTENBERG TRUST	RESIDENTIAL	$573,000	165 ft
5600 BLOOMINGTON AVE MINNEAPOLIS MN 55417	RICHARD L BIDON	RESIDENTIAL	$456,600	167 ft
5536 EDGEWATER BLVD MINNEAPOLIS MN 55417	ANDREW MOE & JENNIFER MOE	RESIDENTIAL	$668,700	169 ft

Property History

Most Recent Sale

Date201709

Price$370,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,497