5040 FREMONT AVE N MINNEAPOLIS MN 55430

PID: 1211821230053

Property Overview

Parcel ID1211821230053

Lot Size5,490 sq ft (0.126 ac)

Lot Dimensions (est.)129 ft wide × 43 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerBILLIJEAN M LARSON

Assessed Value$161,200

Land Value$43,000

Building Value$118,200

Annual Tax$2,046

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

3 permits on record since 2021 · $9K total declared value · Most recent: Jul 2025 (existres)

ExistresJul 2025Closed

Metro Heating & Cooling LLC

MiscMay 2024Closed

$9K

MIDWEST CONSTRUCTION AND REMODELING LLC

ResJan 2021Closed

Urban Pine Plumbing and Mechanical 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 width33 ft

Buildable depth88 ft

Area~2,897 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 2,897 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
5044 FREMONT AVE N MINNEAPOLIS MN 55430	MARGARET TREPANIER	RESIDENTIAL	$183,600	42 ft
5036 FREMONT AVE N MINNEAPOLIS MN 55430	DWAYNE MEIER	RESIDENTIAL	$151,600	43 ft
5032 FREMONT AVE N MINNEAPOLIS MN 55430	MIKE GODFREY	RESIDENTIAL	$160,600	85 ft
5048 FREMONT AVE N MINNEAPOLIS MN 55430	DMR ENTERPRISES LLC	RESIDENTIAL	$142,100	85 ft
5028 FREMONT AVE N MINNEAPOLIS MN 55430	BRONSON BARTOLO	RESIDENTIAL	$171,800	128 ft
5052 FREMONT AVE N MINNEAPOLIS MN 55430	WENDY K CIOLKOSZ	RESIDENTIAL	$152,500	129 ft
5043 EMERSON AVE N MINNEAPOLIS MN 55430	BRIAN JACOB BERTSCH	RESIDENTIAL	$227,100	143 ft
5047 EMERSON AVE N MINNEAPOLIS MN 55430	RELISSA M AGUILERA	RESIDENTIAL	$241,900	149 ft
5039 EMERSON AVE N MINNEAPOLIS MN 55430	ELIZABETH JO MCVEY	RESIDENTIAL	$301,000	149 ft
5051 EMERSON AVE N MINNEAPOLIS MN 55430	IMANOL CABRERA	RESIDENTIAL	$218,200	166 ft

Property History

Most Recent Sale

Date202508

Price$194,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,046