5021 BLOOMINGTON AVE MINNEAPOLIS MN 55417

PID: 1402824410016

Property Overview

Parcel ID1402824410016

Lot Size6,174 sq ft (0.142 ac)

Lot Dimensions (est.)123 ft wide × 50 ft deep

Year Built2017

Property ClassRESIDENTIAL

OwnerJ R MCELWAIN & D SHAPIRO

Assessed Value$828,000

Land Value$205,000

Building Value$623,000

Annual Tax$13,916

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $265K total declared value · Most recent: Mar 2018 (res)

ResMar 2018Closed

SR Mechanical Inc

ResDec 2017Closed

FIRESIDE HEARTH AND HOME

NewresDec 2017Closed

$14K

SR Mechanical Inc

TempheatDec 2017Closed

SR Mechanical Inc

ResNov 2017Closed

Farr Plumbing and Heating LLC

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth83 ft

Area~3,337 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 3-story wood frame (5–12 units) benchmarks for 3,337 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5025 BLOOMINGTON AVE MINNEAPOLIS MN 55417	ROBERT J MOCHINSKI	RESIDENTIAL	$516,800	50 ft
5015 BLOOMINGTON AVE MINNEAPOLIS MN 55417	ASHLEY DURHAM	RESIDENTIAL-TWO UNIT	$463,000	50 ft
5031 BLOOMINGTON AVE MINNEAPOLIS MN 55417	R A SWENSON & K A SWENSON	RESIDENTIAL	$824,000	100 ft
5011 BLOOMINGTON AVE MINNEAPOLIS MN 55417	NICOLE M LABELLE ET AL	RESIDENTIAL	$484,600	100 ft
5016 16TH AVE S MINNEAPOLIS MN 55417	DANIEL GRUBB	RESIDENTIAL	$558,800	137 ft
5012 16TH AVE S MINNEAPOLIS MN 55417	RICHARD K MERWIN ETAL	RESIDENTIAL	$465,100	146 ft
5020 16TH AVE S MINNEAPOLIS MN 55417	GREGORY A ROUSSEAU	RESIDENTIAL	$446,100	146 ft
5037 BLOOMINGTON AVE MINNEAPOLIS MN 55417	COREY RICHARD CHRISTENSEN	RESIDENTIAL	$551,000	150 ft
5005 BLOOMINGTON AVE MINNEAPOLIS MN 55417	NEUE LIVINGSTONE	RESIDENTIAL	$298,000	150 ft
5008 16TH AVE S MINNEAPOLIS MN 55417	P L BROOKNER & S M BROOKNER	RESIDENTIAL	$541,100	170 ft

Property History

Most Recent Sale

Date201709

Price$142,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,916