48 QUEEN AVE S MINNEAPOLIS MN 55405

PID: 2902924110203

Property Overview

Parcel ID2902924110203

Lot Size7,671 sq ft (0.176 ac)

Lot Dimensions (est.)128 ft wide × 60 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerSHANE M & SARAH E LUNDGREN

Assessed Value$403,800

Land Value$224,000

Building Value$179,800

Annual Tax$6,081

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2019 · $51K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2023Expired

$15K

ANCHOR ROOFING AND EXTERIORS

ResOct 2022Closed

Warners Stellian Co Inc

MiscAug 2020Closed

$1K

ADVANTAGE CONSTRUCTION

MiscJun 2020Closed

$2K

ADVANTAGE CONSTRUCTION

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth88 ft

Area~4,390 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 small multifamily (2–4 units, wood frame) benchmarks for 4,390 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
52 QUEEN AVE S MINNEAPOLIS MN 55405	SHELDON S REE	RESIDENTIAL	$427,700	50 ft
40 QUEEN AVE S MINNEAPOLIS MN 55405	ANNE ELIZABETH JASOBSON	RESIDENTIAL	$397,300	60 ft
56 QUEEN AVE S MINNEAPOLIS MN 55405	J E A AHUMADA & R A WYNIA	RESIDENTIAL	$353,600	90 ft
36 QUEEN AVE S MINNEAPOLIS MN 55405	S E DENNEHY & A A LUNDHOLM	RESIDENTIAL	$294,000	110 ft
49 RUSSELL AVE S MINNEAPOLIS MN 55405	M E BARRY & E W BARRY	RESIDENTIAL	$550,300	142 ft
45 RUSSELL AVE S MINNEAPOLIS MN 55405	DONETTE P RICO	RESIDENTIAL	$373,300	145 ft
32 QUEEN AVE S MINNEAPOLIS MN 55405	JULIE PETERSEN	RESIDENTIAL	$327,200	150 ft
53 RUSSELL AVE S MINNEAPOLIS MN 55405	DEVRIES REVOCABLE TRUST	RESIDENTIAL	$475,300	150 ft
41 RUSSELL AVE S MINNEAPOLIS MN 55405	BROCK M TRAUTMAN	RESIDENTIAL	$558,600	158 ft
57 RUSSELL AVE S MINNEAPOLIS MN 55405	SETH ROWAN & ROBYN BROWNING	RESIDENTIAL	$492,800	168 ft

Property History

Most Recent Sale

Date200911

Price$236,082

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,081