50 BARTON AVE S E MINNEAPOLIS MN 55414

PID: 3002923420103

Property Overview

Parcel ID3002923420103

Lot Size7,281 sq ft (0.167 ac)

Lot Dimensions (est.)135 ft wide × 54 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerGILBERT G AHLSTRAND

Assessed Value$434,900

Land Value$214,000

Building Value$220,900

Annual Tax$6,629

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Prospect Park - East River Road · Minneapolis

Median reported rent1,631/mo

Renter-occupied57.3%

Median home value$455K

Vacancy rate11.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1256

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

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 depth81 ft

Area~4,055 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 4,055 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
46 BARTON AVE S E MINNEAPOLIS MN 55414	AMY WOLDT & RYAN WOLDT	RESIDENTIAL	$626,000	58 ft
64 BARTON AVE S E MINNEAPOLIS MN 55414	PAUL CAROLAN	RESIDENTIAL	$719,000	81 ft
175 MALCOLM AVE S E MINNEAPOLIS MN 55414	NINI I EBBIGHAUSEN	RESIDENTIAL	$416,800	114 ft
40 BARTON AVE S E MINNEAPOLIS MN 55414	ANDREW SVEEN & KAIA JOHNSON	RESIDENTIAL	$783,500	118 ft
169 MALCOLM AVE S E MINNEAPOLIS MN 55414	NANCY KAY KARI	RESIDENTIAL	$571,700	121 ft
179 MALCOLM AVE S E MINNEAPOLIS MN 55414	J M GARBARINI & E T CARL	RESIDENTIAL	$582,000	123 ft
183 MALCOLM AVE S E MINNEAPOLIS MN 55414	T G CREEL & C M ALLMANN	RESIDENTIAL	$430,300	149 ft
66 BARTON AVE S E MINNEAPOLIS MN 55414	JOHN VICTOR POLITSCH	RESIDENTIAL	$522,500	154 ft
165 MALCOLM AVE S E MINNEAPOLIS MN 55414	MICHAEL D LEVITT TRUST	RESIDENTIAL	$410,300	170 ft
187 MALCOLM AVE S E MINNEAPOLIS MN 55414	BENJAMIN E BRAVERMAN ET AL	RESIDENTIAL	$371,000	181 ft

Property History

Most Recent Sale

Date199801

Price$142,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,629