3101 5TH AVE S MINNEAPOLIS MN 55408

PID: 0302824110060

Property Overview

Parcel ID0302824110060

Lot Size6,161 sq ft (0.141 ac)

Lot Dimensions (est.)119 ft wide × 52 ft deep

Year Built1923

Property ClassRESIDENTIAL-TWO UNIT

OwnerM L ALEXANDER & J D WILLIAMS

Assessed Value$378,600

Land Value$45,000

Building Value$333,600

Annual Tax$5,685

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $3K total declared value · Most recent: Oct 2024 (res)

ResOct 2024Closed

CenterPoint Energy Resource Corp

ResOct 2024Closed

CenterPoint Energy Resource Corp

ResApr 2022Closed

Urban Pine Plumbing and Mechanical Inc

MiscAug 2020Closed

$948

CREW2 INC

MiscJun 2019Closed

$2K

CREW2 INC

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

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width106 ft

Buildable depth12 ft

Area~3,062 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 3,062 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3105 5TH AVE S MINNEAPOLIS MN 55408	M Z D LALA & J LALA	RESIDENTIAL-TWO UNIT	$300,600	49 ft
3109 5TH AVE S MINNEAPOLIS MN 55408	JINGHAN QU	RESIDENTIAL	$168,300	93 ft
3047 5TH AVE S MINNEAPOLIS MN 55408	HOUSING UNLIMITED LLC	APARTMENT	$604,000	124 ft
3100 PORTLAND AVE MINNEAPOLIS MN 55407	M P CARLYLE & G W CARLYLE	RESIDENTIAL	$218,000	131 ft
3113 5TH AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	139 ft
3104 PORTLAND AVE MINNEAPOLIS MN 55407	NATALIE M SIGLER	RESIDENTIAL	$354,100	140 ft
3112 PORTLAND AVE MINNEAPOLIS MN 55407	DAVID G PARKER	RESIDENTIAL	$117,400	161 ft
3048 PORTLAND AVE MINNEAPOLIS MN 55407	SEGUNDA BALVOA	TRIPLEX	$509,500	167 ft
3041 5TH AVE S MINNEAPOLIS MN 55408	JONATHAN PATINO	RESIDENTIAL	$239,600	183 ft
3100 5TH AVE S MINNEAPOLIS MN 55408	G G G SIBRI & W F G CANAR	RESIDENTIAL	$248,800	183 ft

Property History

Most Recent Sale

Date201705

Price$230,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,685