3037 5TH AVE S MINNEAPOLIS MN 55408

PID: 0302824110010

Property Overview

Parcel ID0302824110010

Lot Size4,757 sq ft (0.109 ac)

Lot Dimensions (est.)119 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerTULE RIVER HOMEBUYER EARNED

Assessed Value$283,000

Land Value$49,000

Building Value$234,000

Annual Tax$4,381

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Cultural District — East Lake StreetHigh

Within the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Central · Minneapolis

Median reported rent1,458/mo

Renter-occupied34.5%

Median home value$302K

Vacancy rate11.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 84

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width30 ft

Buildable depth79 ft

Area~2,366 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 2,366 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
3041 5TH AVE S MINNEAPOLIS MN 55408	JONATHAN PATINO	RESIDENTIAL	$239,600	40 ft
3033 5TH AVE S MINNEAPOLIS MN 55408	EVE PECKENPAUGH	RESIDENTIAL	$432,600	40 ft
3029 5TH AVE S MINNEAPOLIS MN 55408	JON BARTELT	RESIDENTIAL	$265,500	80 ft
3047 5TH AVE S MINNEAPOLIS MN 55408	HOUSING UNLIMITED LLC	APARTMENT	$604,000	99 ft
3025 5TH AVE S MINNEAPOLIS MN 55408	CAMEY PROPERTIES LLC	LAND-COMMERCIAL	$84,900	120 ft
3036 PORTLAND AVE MINNEAPOLIS MN 55407	MARCO V G PICHAZACA ET AL	RESIDENTIAL	$443,900	131 ft
3032 PORTLAND AVE MINNEAPOLIS MN 55407	ZE GUI QIU	RESIDENTIAL	$186,300	136 ft
3040 PORTLAND AVE MINNEAPOLIS MN 55407	JAVIER G GOMEZ ET AL	RESIDENTIAL	$285,400	138 ft
3028 PORTLAND AVE MINNEAPOLIS MN 55407	EDISON L M URGILES	RESIDENTIAL	$218,700	152 ft
3044 PORTLAND AVE MINNEAPOLIS MN 55407	SEGUNDA BALVOA	RESIDENTIAL	$326,700	155 ft

Property History

Most Recent Sale

Date202511

Price$455,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,381