5257 PENN AVE N MINNEAPOLIS MN 55430

PID: 1111821210001

Property Overview

Parcel ID1111821210001

Lot Size10,176 sq ft (0.234 ac)

Lot Dimensions (est.)126 ft wide × 81 ft deep

Year Built1962

Property ClassAPARTMENT

OwnerAMANDA LE

Assessed Value$469,000

Land Value$81,400

Building Value$387,600

Annual Tax$8,824

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Permit History

1 permit on record since 2021 · Most recent: Jan 2021 (comnofdbv)

ComnofdbvJan 2021Closed

Warners Stellian Co Inc

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

Neighborhood Profile

Shingle Creek · Minneapolis

Median reported rent1,265/mo

Renter-occupied13.6%

Median home value$214K

Vacancy rate8.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1.01

Market Snapshot

Zip code 55430

Median sale price$285K+3.3% YoY

Median price / sqft$175/sqft

Median days to close36 days

Active listings37

Source: Redfin Data Center (Invalid Date) · Zip 55430

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 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.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth41 ft

Area~5,810 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 sfr / adu benchmarks for 5,810 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5249 PENN AVE N MINNEAPOLIS MN 55430	DENISE JONES/MELVIN RICHMOND	RESIDENTIAL	$251,400	61 ft
5245 PENN AVE N MINNEAPOLIS MN 55430	KONG MENG YANG/PACHIA VANG	RESIDENTIAL	$301,900	121 ft
5301 PENN AVE N BROOKLYN CENTER MN 55430	MICHAEL L JOHNSON	RESIDENTIAL	$259,400	137 ft
5256 QUEEN AVE N MINNEAPOLIS MN 55430	V WENBERG & D P WENBERG	RESIDENTIAL	$254,100	140 ft
5252 QUEEN AVE N MINNEAPOLIS MN 55430	DAMICA DENISE ARIDGE	RESIDENTIAL	$188,900	140 ft
5248 QUEEN AVE N MINNEAPOLIS MN 55430	M C-A SORILLO-FRASER ET AL	RESIDENTIAL	$257,000	151 ft
5240 QUEEN AVE N MINNEAPOLIS MN 55430	MARY T PROPERTIES LLC	RESIDENTIAL	$423,400	183 ft
5258 PENN AVE N MINNEAPOLIS MN 55430	RILEY INGRAM/JACOREY INGRAM	RESIDENTIAL	$262,000	191 ft
5237 PENN AVE N MINNEAPOLIS MN 55430	MICHAEL J STUEFEN	RESIDENTIAL	$239,800	191 ft
5300 QUEEN AVE N BROOKLYN CENTER MN 55430	FOZIA ABASHAM	RESIDENTIAL	$251,800	192 ft

Property History

Most Recent Sale

Date201902

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,824