5237 CHICAGO AVE MINNEAPOLIS MN 55417

PID: 1402824340169

Property Overview

Parcel ID1402824340169

Lot Size4,924 sq ft (0.113 ac)

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

Year Built1930

Property ClassRESIDENTIAL-TWO UNIT

OwnerPATIRCK J SCHOENECKER ET AL

Assessed Value$452,000

Land Value$146,000

Building Value$306,000

Annual Tax$8,550

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

No permits found in Minneapolis open data for this parcel.

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 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 small multifamily (2–4 units, wood frame) benchmarks for 2,493 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5241 CHICAGO AVE MINNEAPOLIS MN 55417	GEORGE DOHENY	RESIDENTIAL	$329,300	40 ft
5231 CHICAGO AVE MINNEAPOLIS MN 55417	WILLIAM J ZEIMETZ REV TRUST	RESIDENTIAL-TWO UNIT	$386,500	40 ft
5245 CHICAGO AVE MINNEAPOLIS MN 55417	C S Y SHIN & A J SKONIECZNY	RESIDENTIAL-TWO UNIT	$529,100	80 ft
5229 CHICAGO AVE MINNEAPOLIS MN 55417	R P MOHNS & K J KRAWCZYNSKI	RESIDENTIAL	$351,400	80 ft
5249 CHICAGO AVE MINNEAPOLIS MN 55417	PMU RENTALS LLC	COMMERCIAL-PREFERRED	$564,000	120 ft
5223 CHICAGO AVE MINNEAPOLIS MN 55417	M A PEHL & N A PEHL	RESIDENTIAL-TWO UNIT	$433,500	135 ft
5236 ELLIOT AVE MINNEAPOLIS MN 55417	PATRICK J SCHOENECKER	RESIDENTIAL	$270,000	137 ft
5240 ELLIOT AVE MINNEAPOLIS MN 55417	M ANDEREGG & S P ANDEREGG	RESIDENTIAL	$509,500	142 ft
5232 ELLIOT AVE MINNEAPOLIS MN 55417	HENRI SHEIN	RESIDENTIAL	$351,000	143 ft
5253 CHICAGO AVE MINNEAPOLIS MN 55417	CLASSIC TKD LEGACY LLC	COMMERCIAL-PREFERRED	$440,000	155 ft

Property History

Most Recent Sale

Date201002

Price$17,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,550