2309 5TH ST N E MINNEAPOLIS MN 55418

PID: 1102924310085

Property Overview

Parcel ID1102924310085

Lot Size5,885 sq ft (0.135 ac)

Lot Dimensions (est.)124 ft wide × 48 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerMARK & LOREEN KELZENBERG

Assessed Value$307,200

Land Value$126,000

Building Value$181,200

Annual Tax$5,834

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,204/mo

Renter-occupied56.0%

Median home value$293K

Vacancy rate8.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1018

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

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 width38 ft

Buildable depth83 ft

Area~3,144 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 3,144 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2307 5TH ST N E MINNEAPOLIS MN 55418	CLIFTON PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$274,700	42 ft
2315 5TH ST N E MINNEAPOLIS MN 55418	KRISTIN MARIE GRAGE TRUST	RESIDENTIAL-TWO UNIT	$364,600	54 ft
2301 5TH ST N E MINNEAPOLIS MN 55418	DVP ONE LLC	RESIDENTIAL-TWO UNIT	$483,500	83 ft
2319 5TH ST N E MINNEAPOLIS MN 55418	WALTER B & SHIRLEY A SENTYRZ	RESIDENTIAL	$231,900	104 ft
2310 6TH ST N E MINNEAPOLIS MN 55418	RACHEL DEERING	RESIDENTIAL	$295,600	124 ft
2314 6TH ST N E MINNEAPOLIS MN 55418	P J DONAHUE & R L H DONAHUE	RESIDENTIAL	$269,600	129 ft
2306 6TH ST N E MINNEAPOLIS MN 55418	M L WINN & K M HOWES	RESIDENTIAL	$254,400	130 ft
2325 5TH ST N E MINNEAPOLIS MN 55418	DBA DBA LLC	RESIDENTIAL	$271,800	146 ft
2302 6TH ST N E MINNEAPOLIS MN 55418	LOWRY CORRIDOR NE LLC	RESIDENTIAL-TWO UNIT	$290,500	149 ft
2318 6TH ST N E MINNEAPOLIS MN 55418	SAMUEL KRISTEN JORGENSEN	RESIDENTIAL	$233,700	151 ft

Property History

Most Recent Sale

Date201609

Price$150,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,834