4306 5TH AVE S MINNEAPOLIS MN 55409

PID: 1002824410062

Property Overview

Parcel ID1002824410062

Lot Size5,260 sq ft (0.121 ac)

Lot Dimensions (est.)132 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerMAIMAI PROPERTIES LLC

Assessed Value$248,000

Land Value$112,000

Building Value$136,000

Annual Tax$3,486

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 ↗

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

6 permits on record since 2023 · $18K total declared value · Most recent: Apr 2026 (res)

ResApr 2026Closed

Hammer Plumbing LLC

ResApr 2026Closed

ACS Logistics Holdings LLC

MiscMar 2026Closed

$3K

EZ Granite LLC

MiscJun 2024Closed

$8K

LEGACY RESTORATION LLC

MiscJul 2023Closed

$1K

MERIDIAN PROPERTIES LLC

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

Neighborhood Profile

Regina · Minneapolis

Median reported rent1,858/mo

Renter-occupied11.4%

Median home value$326K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1109

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 width30 ft

Buildable depth91 ft

Area~2,744 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 2,744 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4302 5TH AVE S MINNEAPOLIS MN 55409	MARY ELOISE MAGNUSON	RESIDENTIAL	$315,900	40 ft
4310 5TH AVE S MINNEAPOLIS MN 55409	E R JAMESON & J E JAMESON SR	RESIDENTIAL	$329,600	40 ft
4300 5TH AVE S MINNEAPOLIS MN 55409	HERBERT STELLNER	RESIDENTIAL	$245,000	77 ft
4314 5TH AVE S MINNEAPOLIS MN 55409	AMY C MCGUIRE	RESIDENTIAL	$246,800	80 ft
4318 5TH AVE S MINNEAPOLIS MN 55409	B PETERSON & G FIGUEROA	RESIDENTIAL	$323,100	120 ft
4307 4TH AVE S MINNEAPOLIS MN 55409	EVANGELIST CRUSADERS INCORP	COMMERCIAL-PREFERRED	$0	140 ft
4313 4TH AVE S MINNEAPOLIS MN 55409	AMY C MCGUIRE	RESIDENTIAL	$352,600	150 ft
4322 5TH AVE S MINNEAPOLIS MN 55409	ANGELA A DUFRESNE	RESIDENTIAL	$263,700	160 ft
4315 4TH AVE S MINNEAPOLIS MN 55409	C SCHLEICHER & B SCHLEICHER	RESIDENTIAL	$328,500	166 ft
4301 4TH AVE S MINNEAPOLIS MN 55409	ABIGAIL WAHL PROP MGMT LLC	COMMERCIAL-PREFERRED	$380,000	185 ft

Property History

Most Recent Sale

Date202602

Price$215,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,486