4148 5TH AVE S MINNEAPOLIS MN 55409

PID: 1002824140137

Property Overview

Parcel ID1002824140137

Lot Size5,557 sq ft (0.128 ac)

Lot Dimensions (est.)132 ft wide × 42 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerMICHAEL B HEGEMAN

Assessed Value$150,000

Land Value$98,000

Building Value$52,000

Annual Tax$1,859

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 ↗

Potential programs

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 rent1,596/mo

Renter-occupied18.9%

Median home value$283K

Vacancy rate12.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1100

Market Snapshot

Zip code 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 depth92 ft

Area~2,952 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 2,952 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4144 5TH AVE S MINNEAPOLIS MN 55409	JACLYN HULTING/JASON STETTER	RESIDENTIAL	$299,000	42 ft
4152 5TH AVE S MINNEAPOLIS MN 55409	JOHN A & LINDA F LYMAN	RESIDENTIAL	$311,400	42 ft
4140 5TH AVE S MINNEAPOLIS MN 55409	ELIZABETH ANNE SCHMIEG	RESIDENTIAL	$317,300	84 ft
4136 5TH AVE S MINNEAPOLIS MN 55409	CHRISTINE L BURDA	RESIDENTIAL	$542,000	126 ft
4149 4TH AVE S MINNEAPOLIS MN 55409	JEFFREY C CHAPIN	RESIDENTIAL	$329,600	145 ft
4153 4TH AVE S MINNEAPOLIS MN 55409	ANTHONY ROBERT SCOTT	RESIDENTIAL	$291,800	150 ft
4200 5TH AVE S MINNEAPOLIS MN 55409	CATHERINE KOLBINGER	RESIDENTIAL	$271,000	160 ft
4141 4TH AVE S MINNEAPOLIS MN 55409	KALI GILSRUD	APARTMENT	$480,000	166 ft
4132 5TH AVE S MINNEAPOLIS MN 55409	EDNA R MCKIZZIE	RESIDENTIAL	$245,400	169 ft
4149 5TH AVE S MINNEAPOLIS MN 55409	S V & H A NYOKI	RESIDENTIAL	$353,000	187 ft

Property History

Current Tax Year

Year2026

Tax Due$1,859