2215 5TH ST N E MINNEAPOLIS MN 55418

PID: 1102924310121

Property Overview

Parcel ID1102924310121

Lot Size6,813 sq ft (0.156 ac)

Lot Dimensions (est.)124 ft wide × 55 ft deep

Year Built1921

Property ClassRESIDENTIAL-TWO UNIT

OwnerA KREMER & C KREMER TRUSTEES

Assessed Value$318,700

Land Value$134,000

Building Value$184,700

Annual Tax$6,053

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 width45 ft

Buildable depth84 ft

Area~3,773 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 3,773 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2217 5TH ST N E MINNEAPOLIS MN 55418	ANATOL MACIEJNY	RESIDENTIAL	$341,000	55 ft
2205 5TH ST N E MINNEAPOLIS MN 55418	MELISSA SURDYK/DANIEL SCOTT	RESIDENTIAL	$639,000	55 ft
2223 5TH ST N E MINNEAPOLIS MN 55418	MARK R SAFFORD	RESIDENTIAL-TWO UNIT	$359,700	110 ft
501 22ND AVE N E MINNEAPOLIS MN 55418	SUSANNAH DODGE	RESIDENTIAL-TWO UNIT	$376,600	110 ft
2212 6TH ST N E MINNEAPOLIS MN 55418	PARK AVE HOMES LLC	LOW INCOME RENTAL	$311,600	124 ft
2206 6TH ST N E MINNEAPOLIS MN 55418	MICHAEL R ROBINSON	RESIDENTIAL-TWO UNIT	$424,500	135 ft
2218 6TH ST N E MINNEAPOLIS MN 55418	W W WALLACEIII/E J WALLACE	RESIDENTIAL	$285,300	135 ft
2222 6TH ST N E MINNEAPOLIS MN 55418	DAVID MORGAN NELSON BRYAN	RESIDENTIAL	$317,300	165 ft
2229 5TH ST N E MINNEAPOLIS MN 55418	MAVERICK HOLDINGS LLC	APARTMENT	$635,000	165 ft
2204 6TH ST N E MINNEAPOLIS MN 55418	REID CHRISTIANSON ET AL	RESIDENTIAL-TWO UNIT	$320,600	166 ft

Property History

Most Recent Sale

Date199611

Price$28,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,053