5040 HUMBOLDT LA N MINNEAPOLIS MN 55430

PID: 1211821230270

Property Overview

Parcel ID1211821230270

Lot Size8,867 sq ft (0.204 ac)

Lot Dimensions (est.)233 ft wide × 38 ft deep

Year Built2019

Property ClassRESIDENTIAL

OwnerKEVIN N NIKIFORAKIS

Assessed Value$459,100

Land Value$59,000

Building Value$400,100

Annual Tax$7,034

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $225K total declared value · Most recent: May 2018 (res)

ResMay 2018Closed

7 Metro Heating and Air Conditioning

ResMay 2018Closed

Vanwinkle Plumbing LLC

NewresApr 2018Closed

$10K

7 Metro Heating and Air Conditioning

NewMar 2018Closed

$215K

Myhomesource LLC

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

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 width48 ft

Buildable depth113 ft

Area~5,167 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 5,167 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5044 HUMBOLDT LA N MINNEAPOLIS MN 55430	J LARSON & C LARSON	RESIDENTIAL	$453,800	43 ft
5036 HUMBOLDT LA N MINNEAPOLIS MN 55430	A J NORDIN & Y Y NORDIN	RESIDENTIAL	$464,000	45 ft
5032 HUMBOLDT LA N MINNEAPOLIS MN 55430	MICHAEL TERRY & EMELIA TERRY	RESIDENTIAL	$443,500	88 ft
5048 HUMBOLDT AVE N MINNEAPOLIS MN 55430	FRANK E DOGBE	RESIDENTIAL	$509,600	88 ft
5028 HUMBOLDT LA N MINNEAPOLIS MN 55430	A WOLNEY & O VAZQUEZ-PEREZ	RESIDENTIAL	$351,400	130 ft
5052 HUMBOLDT AVE N MINNEAPOLIS MN 55430	TEMITOPE O DANIEL	RESIDENTIAL	$428,000	137 ft
5031 GIRARD AVE N MINNEAPOLIS MN 55430	CHAISE MICHAEL KNUTSON	RESIDENTIAL	$12,000	143 ft
5033 GIRARD AVE N MINNEAPOLIS MN 55430	TERRANCE EASLEY	RESIDENTIAL	$12,000	143 ft
5035 GIRARD AVE N MINNEAPOLIS MN 55430	HUMBOLDT GRNWAY TWNHME ASSOC	COMMON AREA	$0	159 ft
5024 HUMBOLDT LA N MINNEAPOLIS MN 55430	L HOWARD III & I E HOWARD	RESIDENTIAL	$398,000	171 ft

Property History

Most Recent Sale

Date201809

Price$400,220

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,034