5229 COLUMBUS AVE MINNEAPOLIS MN 55417

PID: 1402824330023

Property Overview

Parcel ID1402824330023

Lot Size4,959 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1931

Property ClassRESIDENTIAL

OwnerM K MAVES & P J DEWEY

Assessed Value$462,000

Land Value$155,000

Building Value$307,000

Annual Tax$7,055

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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 width30 ft

Buildable depth84 ft

Area~2,518 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 2,518 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5233 COLUMBUS AVE MINNEAPOLIS MN 55417	DREW KERSTEN & MAIKA KERSTEN	RESIDENTIAL	$492,600	40 ft
5225 COLUMBUS AVE MINNEAPOLIS MN 55417	JOHN F MASON & JEAN M MASON	RESIDENTIAL	$582,000	40 ft
5237 COLUMBUS AVE MINNEAPOLIS MN 55417	M A PADILLA & L A PADILLA	RESIDENTIAL	$481,800	80 ft
5221 COLUMBUS AVE MINNEAPOLIS MN 55417	J & P BEETSCH	RESIDENTIAL	$424,500	80 ft
5241 COLUMBUS AVE MINNEAPOLIS MN 55417	N PAULSEN & N RABUZZI	RESIDENTIAL	$465,000	120 ft
5217 COLUMBUS AVE MINNEAPOLIS MN 55417	HPA II BORROWR 2020-1 ML LLC	RESIDENTIAL	$391,500	120 ft
5228 CHICAGO AVE MINNEAPOLIS MN 55417	T D BORRIS & DENISE M BORRIS	RESIDENTIAL-TWO UNIT	$421,400	138 ft
5224 CHICAGO AVE MINNEAPOLIS MN 55417	TERRACE PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$418,200	143 ft
5232 CHICAGO AVE MINNEAPOLIS MN 55417	TODD S LEY & ALISON J LEY	RESIDENTIAL-TWO UNIT	$407,800	143 ft
5220 CHICAGO AVE MINNEAPOLIS MN 55417	WILLIAM J ZEIMETZ REV TRUST	RESIDENTIAL	$322,000	159 ft

Property History

Most Recent Sale

Date199305

Price$115,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,055