3437 5TH AVE S MINNEAPOLIS MN 55408

PID: 0302824410017

Property Overview

Parcel ID0302824410017

Lot Size5,011 sq ft (0.115 ac)

Lot Dimensions (est.)119 ft wide × 42 ft deep

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerR ARNEBERG & M ARNEBERG

Assessed Value$406,300

Land Value$72,000

Building Value$334,300

Annual Tax$8,266

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $26K total declared value · Most recent: Nov 2025 (existres)

ExistresNov 2025Closed

Dean's Professional Plumbing Inc

ResOct 2024Closed

CenterPoint Energy Resource Corp

ResOct 2024Closed

CenterPoint Energy Resource Corp

MiscAug 2024Closed

$26K

Sterling Custom Homes LLC

ResJan 2018Closed

Linn Star Transfer Inc

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

Neighborhood Profile

Central · Minneapolis

Median reported rent1,445/mo

Renter-occupied42.2%

Median home value$244K

Vacancy rate11.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1094

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 width32 ft

Buildable depth79 ft

Area~2,537 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 2,537 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3441 5TH AVE S MINNEAPOLIS MN 55408	DANIEL R KLEIN/SARAH C KLEIN	TRIPLEX	$441,500	42 ft
3433 5TH AVE S MINNEAPOLIS MN 55408	IRMA PAGUAY	RESIDENTIAL-TWO UNIT	$372,200	42 ft
3445 5TH AVE S MINNEAPOLIS MN 55408	D KLEIN & S SHIMOTA	RESIDENTIAL	$256,000	84 ft
3429 5TH AVE S MINNEAPOLIS MN 55408	CITY/LAKES COMMUNITY LAND TR	—	$239,000	84 ft
3449 5TH AVE S MINNEAPOLIS MN 55408	SOVEREIGN INVESTMENTS INC	RESIDENTIAL	$254,900	126 ft
3425 5TH AVE S MINNEAPOLIS MN 55408	SHAWN M STRATHE	RESIDENTIAL	$186,100	126 ft
3436 PORTLAND AVE MINNEAPOLIS MN 55407	SOVEREIGN INVESTMENTS INC	RESIDENTIAL	$194,000	133 ft
3432 PORTLAND AVE MINNEAPOLIS MN 55407	MATHEW SAWYER	RESIDENTIAL	$394,000	139 ft
3440 PORTLAND AVE MINNEAPOLIS MN 55407	E FRAZIER/A FRAZIER ET AL	RESIDENTIAL-TWO UNIT	$543,300	140 ft
3428 PORTLAND AVE MINNEAPOLIS MN 55407	MATHEW BRUTGER	RESIDENTIAL	$274,000	157 ft

Property History

Most Recent Sale

Date201305

Price$167,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,266