5317 CHICAGO AVE MINNEAPOLIS MN 55417

PID: 1402824340181

Property Overview

Parcel ID1402824340181

Lot Size4,892 sq ft (0.112 ac)

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

Year Built1947

Property ClassRESIDENTIAL-TWO UNIT

OwnerNANCY & GREGG HEDLUND

Assessed Value$405,300

Land Value$146,000

Building Value$259,300

Annual Tax$7,667

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $14K total declared value · Most recent: Jun 2023 (misc)

MiscJun 2023Closed

$14K

KAUFMAN SHEET METAL ROOFING INC

ResMar 2019Closed

CenterPoint Energy Resource Corp

ResMar 2019Closed

CenterPoint Energy Resource Corp

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

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 depth82 ft

Area~2,470 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 2,470 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
5321 CHICAGO AVE MINNEAPOLIS MN 55417	RANDALL M EGAN	RESIDENTIAL-TWO UNIT	$406,500	40 ft
5313 CHICAGO AVE MINNEAPOLIS MN 55417	RENE & CAROL J DE LOS REYES	RESIDENTIAL-TWO UNIT	$374,500	40 ft
5327 CHICAGO AVE MINNEAPOLIS MN 55417	TERRON MOORE & DONAVAN MOORE	RESIDENTIAL-TWO UNIT	$380,100	80 ft
5329 CHICAGO AVE MINNEAPOLIS MN 55417	JACOB DICK	RESIDENTIAL-TWO UNIT	$423,500	121 ft
5301 CHICAGO AVE MINNEAPOLIS MN 55417	5301 CHICAGO AVENUE LLC	APARTMENT	$1,976,000	130 ft
5316 ELLIOT AVE MINNEAPOLIS MN 55417	LISA A OLSON	RESIDENTIAL	$436,400	136 ft
5312 ELLIOT AVE MINNEAPOLIS MN 55417	STEVEN S SOUCHTCHENKO	RESIDENTIAL	$366,100	142 ft
5320 ELLIOT AVE MINNEAPOLIS MN 55417	M MULVAHILL & C MULVAHILL	RESIDENTIAL	$542,200	142 ft
5308 ELLIOT AVE MINNEAPOLIS MN 55417	JAY M KATZENBERGER	RESIDENTIAL	$366,600	158 ft
5324 ELLIOT AVE MINNEAPOLIS MN 55417	KEVIN M MORRISON	RESIDENTIAL	$397,400	158 ft

Property History

Most Recent Sale

Date202107

Price$386,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,667