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51 Melbourne Ave; Minneapolis, MN Property Details

51 Melbourne Ave, Minneapolis, MN is a Quadruplex 4 Units that was built in 1914. This property is currently Financed and is not for sale. Our records show that 51 Melbourne Ave has 8 bedrooms, and a total of 4,104 square feet. The lot size of 51 Melbourne Ave is 6,534 square feet.

Off market
51 Melbourne Ave SE Minneapolis, MN 55414
$450,000 Listing Price
8 Beds
4,104 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1914
  • Purchase Price: $700,000
  • Open Loans / Balance: 1 / $581,000
  • Est. Equity / %: $228,000 / 28.18%
  • APN: 30-029-23-44-0079
  • Situs County: Hennepin
  • Length Of Ownership: 4 years, 2 months

Rooms

  • Bedrooms: 8

Structure

  • Building Style: Concrete
  • Stories: 2
  • Exterior Wall Type: Stucco
  • Building Condition: Average
  • Building Quality: C
  • Roof Type: Flat
  • Roof Cover Type: Other

Measurements

  • Total: 4,104/SqFt
  • Lot: 6,534/SqFt
  • Gross: 6,156/SqFt
  • Living: 4,104/SqFt
  • Basement: 2,052/SqFt
  • Building: 6,156/SqFt
  • Ground: 2,052/SqFt
  • Price Per Square Foot: $170.57

Legal Description

  • Description: LOT 010 BLOCK 005 A PROSPECT PARK 2ND DIV REV LOTS 10 AND 11 N 50 X 129
Building Insights

Land Information

  • Property Type: Quadruplex 4 Units
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Minneapolis Public School District
  • Lat / Lon: 44.965263 / -93.21115
  • Subdivision: Prospect Park 2nd Div Rev
  • Property Class: Residential
  • Zoning: R2B
  • County Use Code: A

Amenities

  • Plus Four: 3513
  • Garage: Garage
  • Heating: Hot Water
  • Parking: 1

HOA

  • H O A One Type: Condo Owner Association

Ownership Info

51 Melbourne Ave SE has no associated ownership info
51 Melbourne Ave SE has no associated ownership info.

Taxes

51 Melbourne Ave SE has 10 associated Taxes items

51 Melbourne Ave, Minneapolis, MN pays taxes in Hennepin County, MN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $588,000. The APN we've located for 51 Melbourne Ave is 30-029-23-44-0079.

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Taxes
  • Assessed Value:  $588,000
  • Assessed Year:  2025
  • Assessed County:  Hennepin
  • APN:  30-029-23-44-0079
  • Assessed Land Value:  224000
  • Market Land Value:  224000
  • Tax Amount:  11166.56
  • Tax Year:  2025
  • Market Value:  588000
  • Market Year:  2025

Tax History

51 Melbourne Ave SE has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $588,000 Land Value $224,000 Improvement Value $364,000 Tax Amount $11,166.56 Change Rate +0.041334% Assessed CR Tax Rate +0.018991%
Year 2024 Assessed Value $588,000 Land Value $224,000 Improvement Value $364,000 Tax Amount $10,723.32 Change Rate -0.003922% Assessed CR Tax Rate +0.018237%
Year 2023 Assessed Value $673,000 Land Value $224,000 Improvement Value $449,000 Tax Amount $10,765.54 Change Rate -0.104901% Assessed CR Tax Rate +0.015996%
Year 2022 Assessed Value $708,000 Land Value $224,000 Improvement Value $484,000 Tax Amount $12,027.2 Change Rate +0.039874% Assessed CR Tax Rate +0.016988%
Year 2021 Assessed Value $708,000 Land Value $124,800 Improvement Value $583,200 Tax Amount $11,566.02 Change Rate -0.029827% Assessed CR Tax Rate +0.016336%
Year 2020 Assessed Value $708,000 Land Value $83,200 Improvement Value $624,800 Tax Amount $11,921.6 Change Rate +0.149267% Assessed CR Tax Rate +0.016838%
Year 2019 Assessed Value $674,500 Land Value $83,200 Improvement Value $591,300 Tax Amount $10,373.22 Change Rate +0.038984% Assessed CR Tax Rate +0.015379%
Year 2018 Assessed Value $571,500 Land Value $83,200 Improvement Value $488,300 Tax Amount $9,984 Change Rate +0.096088% Assessed CR Tax Rate +0.01747%
Year 2017 Assessed Value $486,000 Land Value $75,600 Improvement Value $410,400 Tax Amount $9,108.76 Change Rate -0.030736% Assessed CR Tax Rate +0.018742%
Year 2016 Assessed Value $486,000 Land Value $75,600 Improvement Value $410,400 Tax Amount $9,397.6 Change Rate +0.088456% Assessed CR Tax Rate +0.019337%
Year 2015 Assessed Value $425,500 Land Value $75,600 Improvement Value $349,900 Tax Amount $8,633.88 Change Rate Assessed CR Tax Rate +0.020291%
Year 2014 Assessed Value $425,500 Land Value $75,600 Improvement Value $349,900 Tax Amount Change Rate Assessed CR Tax Rate