3311 5TH AVE S MINNEAPOLIS MN 55408

PID: 0302824140118

Property Overview

Parcel ID0302824140118

Lot Size5,415 sq ft (0.124 ac)

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

Year Built1898

Property ClassRESIDENTIAL-TWO UNIT

OwnerPN15, LLC

Assessed Value$313,700

Land Value$54,000

Building Value$259,700

Annual Tax$5,934

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2024 · $25K total declared value · Most recent: Apr 2026 (misc)

MiscApr 2026Final Inspection

$11K

Beechfield LLC

ResOct 2024Closed

CenterPoint Energy Resource Corp

ResOct 2024Closed

CenterPoint Energy Resource Corp

MiscMay 2024Expired

$14K

Four Brothers Construction LLC

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width35 ft

Buildable depth80 ft

Area~2,807 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 2,807 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
3315 5TH AVE S MINNEAPOLIS MN 55408	C D B MONTACHANA ET AL	RESIDENTIAL-TWO UNIT	$293,700	45 ft
3305 5TH AVE S MINNEAPOLIS MN 55408	M A CHICAIZA & M E CHICAIZA	RESIDENTIAL-TWO UNIT	$231,000	45 ft
3317 5TH AVE S MINNEAPOLIS MN 55408	MANUEL E TACURI	RESIDENTIAL	$340,000	90 ft
3301 5TH AVE S MINNEAPOLIS MN 55408	E B RUMICHO & B DINSA	RESIDENTIAL	$282,000	90 ft
3308 PORTLAND AVE MINNEAPOLIS MN 55407	C C WILSON & A S WYCKOFF	VACANT LAND-RESIDENTIAL	$48,000	131 ft
3321 5TH AVE S MINNEAPOLIS MN 55408	OLIVER MEDLOCK ETAL	RESIDENTIAL	$208,000	136 ft
3312 PORTLAND AVE MINNEAPOLIS MN 55407	C C WILSON & A S WYCKOFF	RESIDENTIAL	$376,000	138 ft
3302 PORTLAND AVE MINNEAPOLIS MN 55407	JEAN LOUISE HARTLE	RESIDENTIAL	$561,000	147 ft
423 33RD ST E MINNEAPOLIS MN 55408	ROMEL OJEDA	RESIDENTIAL-TWO UNIT	$303,100	153 ft
3316 PORTLAND AVE MINNEAPOLIS MN 55407	NICHOLAS BOCKEY	RESIDENTIAL-TWO UNIT	$369,500	160 ft

Property History

Most Recent Sale

Date200906

Price$55,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,934