2428 5TH ST N E MINNEAPOLIS MN 55418

PID: 1102924310033

Property Overview

Parcel ID1102924310033

Lot Size2,098 sq ft (0.048 ac)

Lot Dimensions (est.)84 ft wide × 25 ft deep

Year Built1920

Property ClassRESIDENTIAL-TWO UNIT

Owner2428 5TH STREET LLC

Assessed Value$217,500

Land Value$57,000

Building Value$160,500

Annual Tax$4,131

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2004 · $311K total declared value · Most recent: Jan 2026 (misc)

MiscJan 2026Closed

$21K

DONNELLY STUCCO & EXTERIORS

ResOct 2018Closed

Anything Plumbing and Heating LLC

Building Re-inspectionJul 2004

$290K

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

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,578/mo

Renter-occupied61.3%

Median home value$320K

Vacancy rate9.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 17

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width69 ft

Buildable depth0 ft

Area~439 sqft

Lot dimensions are insufficient for the standard setbacks shown.

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 439 sqft buildable area.

Est. units

Yield on cost

6.3%

Spread

+0.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2424 5TH ST N E MINNEAPOLIS MN 55418	M PETERSON & D SALAMONE	RESIDENTIAL-TWO UNIT	$356,400	40 ft
416 LOWRY AVE N E MINNEAPOLIS MN 55418	WALTER PAREDES JARA	RESIDENTIAL	$217,100	82 ft
2418 5TH ST N E MINNEAPOLIS MN 55418	2418 5TH LLC	RESIDENTIAL	$271,300	95 ft
2500 5TH ST N E MINNEAPOLIS MN 55418	J R RAJENDREN/S J RAJENDREN	RESIDENTIAL-TWO UNIT	$354,600	96 ft
2506 5TH ST N E MINNEAPOLIS MN 55418	SHEILA LUND & SANDI SCHERFF	RESIDENTIAL-TWO UNIT	$338,200	142 ft
2427 4TH ST N E MINNEAPOLIS MN 55418	PAUL CHUCK PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$619,000	144 ft
2412 5TH ST N E MINNEAPOLIS MN 55418	JESSICA R JELLINGS	RESIDENTIAL	$247,600	151 ft
2425 4TH ST N E MINNEAPOLIS MN 55418	RICHARD S CARTER	RESIDENTIAL-TWO UNIT	$377,600	151 ft
2501 4TH ST N E MINNEAPOLIS MN 55418	NE PALACE INC	LAND-COMMERCIAL	$100,400	167 ft
2425 5TH ST N E MINNEAPOLIS MN 55418	K KIERNOZIAK/M KIERNOZIAK	RESIDENTIAL	$216,600	169 ft

Property History

Most Recent Sale

Date201809

Price$270,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,131