5135 FREMONT AVE N MINNEAPOLIS MN 55430

PID: 1211821220155

Property Overview

Parcel ID1211821220155

Lot Size7,726 sq ft (0.177 ac)

Lot Dimensions (est.)128 ft wide × 60 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerF C LLAPA & R A PALACIOS

Assessed Value$317,800

Land Value$50,000

Building Value$267,800

Annual Tax$4,668

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

2 permits on record since 2023 · Most recent: Sep 2023 (res)

ResSep 2023Closed

CenterPoint Energy Resource Corp

ResMar 2023Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

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

Neighborhood Profile

Lind - Bohanon · Minneapolis

Median reported rent1,200/mo

Renter-occupied30.7%

Median home value$219K

Vacancy rate6.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1.02

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth89 ft

Area~4,436 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 4,436 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
5139 FREMONT AVE N MINNEAPOLIS MN 55430	DAVID MARSHAE WILSON	RESIDENTIAL	$254,000	50 ft
5131 FREMONT AVE N MINNEAPOLIS MN 55430	DONOVAN L WILLIAMSON	RESIDENTIAL	$286,400	60 ft
5143 FREMONT AVE N MINNEAPOLIS MN 55430	K E JENSEN & M R JENSEN	RESIDENTIAL	$251,400	90 ft
5117 FREMONT AVE N MINNEAPOLIS MN 55430	MANA HOLDINGS GROUP LLC	RESIDENTIAL	$177,000	113 ft
5147 FREMONT AVE N MINNEAPOLIS MN 55430	KRISTEN & JOHN EHLERT	RESIDENTIAL	$214,500	130 ft
5134 GIRARD AVE N MINNEAPOLIS MN 55430	ERICA MCCUE & SHONA MCCUE	RESIDENTIAL	$278,000	143 ft
5130 GIRARD AVE N MINNEAPOLIS MN 55430	JOSEPH LAMONZE DIGGS	RESIDENTIAL	$194,700	146 ft
5138 GIRARD AVE N MINNEAPOLIS MN 55430	MARY L ENGER	RESIDENTIAL	$243,800	151 ft
5126 GIRARD AVE N MINNEAPOLIS MN 55430	BECKY L GREEN	RESIDENTIAL	$233,500	159 ft
5113 FREMONT AVE N MINNEAPOLIS MN 55430	YENG LOR	RESIDENTIAL	$214,800	159 ft

Property History

Most Recent Sale

Date202305

Price$340,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,668