4524 5TH AVE S MINNEAPOLIS MN 55419

PID: 1002824440152

Property Overview

Parcel ID1002824440152

Lot Size5,173 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerDEANNA M & BRIAN S VANHOUT

Assessed Value$312,600

Land Value$111,000

Building Value$201,600

Annual Tax$4,564

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

1 permit on record since 2021 · Most recent: Apr 2021 (existres)

ExistresApr 2021Closed

Standard Heating and Air Conditioning Inc

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 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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 depth89 ft

Area~2,679 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 2,679 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4520 5TH AVE S MINNEAPOLIS MN 55419	L SOMERVILLE & J GUNDERSON	RESIDENTIAL	$348,600	40 ft
4528 5TH AVE S MINNEAPOLIS MN 55419	PATRICIA J INGRAM TRUSTEE	RESIDENTIAL	$434,500	60 ft
4516 5TH AVE S MINNEAPOLIS MN 55419	HOME PROPERTIES LLC	RESIDENTIAL	$236,800	80 ft
4512 5TH AVE S MINNEAPOLIS MN 55419	ER SOLUTIONS LLC	RESIDENTIAL	$265,100	120 ft
4536 5TH AVE S MINNEAPOLIS MN 55419	ROBERT H BRADFORD JR	RESIDENTIAL	$276,600	120 ft
4525 4TH AVE S MINNEAPOLIS MN 55419	PUNJAB HOLDINGS LLC	APARTMENT	$612,000	144 ft
4529 4TH AVE S MINNEAPOLIS MN 55419	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	150 ft
4540 5TH AVE S MINNEAPOLIS MN 55419	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	160 ft
4517 4TH AVE S MINNEAPOLIS MN 55419	AHMED SHEIKH ALI	RESIDENTIAL	$195,100	162 ft
4533 4TH AVE S MINNEAPOLIS MN 55419	LOURDES BUENO	RESIDENTIAL	$286,800	166 ft

Property History

Most Recent Sale

Date201604

Price$216,645

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,564