5104 16TH AVE S MINNEAPOLIS MN 55417

PID: 1402824410045

Property Overview

Parcel ID1402824410045

Lot Size5,131 sq ft (0.118 ac)

Lot Dimensions (est.)123 ft wide × 42 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerR N PETERSON & A R PETERSON

Assessed Value$773,000

Land Value$199,000

Building Value$574,000

Annual Tax$12,876

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2022 · $20K total declared value · Most recent: Nov 2022 (res)

ResNov 2022Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

MiscJan 2022Closed

$20K

Restoration Network Inc

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth2 ft

Area~2,383 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 2,383 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
5100 16TH AVE S MINNEAPOLIS MN 55417	PETER SCHROEDER	RESIDENTIAL	$295,600	35 ft
5108 16TH AVE S MINNEAPOLIS MN 55417	MATTHEW CHERNE	RESIDENTIAL	$383,600	41 ft
5112 16TH AVE S MINNEAPOLIS MN 55417	K SKELLY & M SKELLY	RESIDENTIAL	$462,800	82 ft
5116 16TH AVE S MINNEAPOLIS MN 55417	SHANTAL PAI & GRIFFIN BUELL	RESIDENTIAL	$391,000	123 ft
5052 16TH AVE S MINNEAPOLIS MN 55417	JASON E LONG	RESIDENTIAL	$456,500	133 ft
5103 BLOOMINGTON AVE MINNEAPOLIS MN 55417	CHARLES J PRESTON	RESIDENTIAL-TWO UNIT	$604,100	138 ft
5109 BLOOMINGTON AVE MINNEAPOLIS MN 55417	NICOLE KELLEY	RESIDENTIAL	$330,100	143 ft
5115 BLOOMINGTON AVE MINNEAPOLIS MN 55417	E E MUNDT & A D MUNDT	RESIDENTIAL	$350,200	160 ft
5120 16TH AVE S MINNEAPOLIS MN 55417	KAYLA E EPSMAN	RESIDENTIAL	$465,800	164 ft
5048 16TH AVE S MINNEAPOLIS MN 55417	S M JOHNSON & M T JOHNSON	RESIDENTIAL	$535,100	180 ft

Property History

Most Recent Sale

Date201910

Price$625,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,876