5232 12TH AVE S MINNEAPOLIS MN 55417

PID: 1402824340116

Property Overview

Parcel ID1402824340116

Lot Size4,925 sq ft (0.113 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1933

Property ClassRESIDENTIAL

OwnerB BAAR/K BAAR/BAAR PROPS LLC

Assessed Value$449,300

Land Value$169,000

Building Value$280,300

Annual Tax$6,929

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

4 permits on record since 2017 · $23K total declared value · Most recent: Apr 2026 (misc)

MiscApr 2026Final Inspection

$3K

SELA ROOFING AND REMODELING INC

ExistresMay 2022Closed

AQUARIUS HOME SERVICES

RemodelNov 2020Closed

$20K

Rascher and Co Llc

ResJan 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Hale · Minneapolis

Median reported rent1,991/mo

Renter-occupied11.2%

Median home value$420K

Vacancy rate5.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 117.03

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

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 width30 ft

Buildable depth83 ft

Area~2,493 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 2,493 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5230 12TH AVE S MINNEAPOLIS MN 55417	BAAR PROPERTIES LLC	RESIDENTIAL	$363,300	40 ft
5236 12TH AVE S MINNEAPOLIS MN 55417	HEIDI YLVISAKER	RESIDENTIAL	$362,700	40 ft
5228 12TH AVE S MINNEAPOLIS MN 55417	KATHRYN E BOYD	RESIDENTIAL	$328,600	77 ft
5240 12TH AVE S MINNEAPOLIS MN 55417	R K HIPP & E S PETERSON	RESIDENTIAL	$369,800	80 ft
5224 12TH AVE S MINNEAPOLIS MN 55417	L B BATHE & R E BATHE	RESIDENTIAL	$524,800	111 ft
5244 12TH AVE S MINNEAPOLIS MN 55417	C C BEETH & T A BEETH	RESIDENTIAL	$401,900	120 ft
5235 11TH AVE S MINNEAPOLIS MN 55417	MATTHEW C WULF	RESIDENTIAL	$367,100	137 ft
5231 11TH AVE S MINNEAPOLIS MN 55417	C B/E J WHITE JR	RESIDENTIAL	$366,100	142 ft
5239 11TH AVE S MINNEAPOLIS MN 55417	B & S LACASSE	RESIDENTIAL	$336,800	143 ft
5218 12TH AVE S MINNEAPOLIS MN 55417	B FUNK & J L FITZHARRIS-FUNK	RESIDENTIAL	$495,800	149 ft

Property History

Most Recent Sale

Date201709

Price$380,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,929