3217 5TH AVE S MINNEAPOLIS MN 55408

PID: 0302824140009

Property Overview

Parcel ID0302824140009

Lot Size5,399 sq ft (0.124 ac)

Lot Dimensions (est.)120 ft wide × 45 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerREID WAGNER & MADEE WEISNER

Assessed Value$254,300

Land Value$54,000

Building Value$200,300

Annual Tax$3,590

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 ↗

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

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 width35 ft

Buildable depth80 ft

Area~2,795 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 2,795 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3221 5TH AVE S MINNEAPOLIS MN 55408	L E R NARANJO/S A ROMERO	RESIDENTIAL-TWO UNIT	$288,900	45 ft
3213 5TH AVE S MINNEAPOLIS MN 55408	MARTIN LAIS	RESIDENTIAL	$253,000	45 ft
3209 5TH AVE S MINNEAPOLIS MN 55408	J GOMEZ & E P GONZALEZ	TOWNHOUSE	$143,400	85 ft
3225 5TH AVE S MINNEAPOLIS MN 55408	R P KEARNEY & W M DIERCKS	RESIDENTIAL	$232,400	90 ft
3207 5TH AVE S MINNEAPOLIS MN 55408	ASAD AHMED ABDI	TOWNHOUSE	$145,500	119 ft
3212 PORTLAND AVE MINNEAPOLIS MN 55407	HNN PROPERTIES LLC	CONDOMINIUM	$125,000	135 ft
3212 PORTLAND AVE MINNEAPOLIS MN 55407	HNN PROPERTIES LLC	CONDOMINIUM	$159,000	135 ft
3212 PORTLAND AVE MINNEAPOLIS MN 55407	HNN PROPERTIES LLC	CONDOMINIUM	$202,000	135 ft
MN	Unknown	—	—	135 ft
3220 PORTLAND AVE MINNEAPOLIS MN 55407	DN5 LLC	APARTMENT	$994,000	136 ft

Property History

Most Recent Sale

Date202106

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,590