5040 16TH AVE S MINNEAPOLIS MN 55417

PID: 1402824410135

Property Overview

Parcel ID1402824410135

Lot Size5,677 sq ft (0.130 ac)

Lot Dimensions (est.)123 ft wide × 46 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerS M HAMILTON/H J JAGODZINSKI

Assessed Value$529,500

Land Value$213,000

Building Value$316,500

Annual Tax$8,269

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2016 · $102K total declared value · Most recent: Aug 2024 (addition)

AdditionAug 2024Final Inspection

$3K

Hage Construction Co

ResAug 2023Closed

Erickson Plumbing Heating Cooling Inc

ExistresJul 2023Closed

Erickson Plumbing Heating Cooling Inc

MiscMay 2023Closed

$25K

KAUFMAN SHEET METAL ROOFING INC

ExistresJun 2022Closed

Erickson Plumbing Heating Cooling 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth83 ft

Area~3,001 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 3,001 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5044 16TH AVE S MINNEAPOLIS MN 55417	ROBERT C WARN & WIFE	RESIDENTIAL	$549,700	46 ft
5028 16TH AVE S MINNEAPOLIS MN 55417	J V BAKER & K A BAKER	RESIDENTIAL	$527,500	48 ft
5048 16TH AVE S MINNEAPOLIS MN 55417	S M JOHNSON & M T JOHNSON	RESIDENTIAL	$535,100	92 ft
5024 16TH AVE S MINNEAPOLIS MN 55417	C M & T F BANDELIN	RESIDENTIAL	$539,600	98 ft
5041 BLOOMINGTON AVE MINNEAPOLIS MN 55417	JAMES A KLEINER	RESIDENTIAL	$291,300	137 ft
5052 16TH AVE S MINNEAPOLIS MN 55417	JASON E LONG	RESIDENTIAL	$456,500	139 ft
5037 BLOOMINGTON AVE MINNEAPOLIS MN 55417	COREY RICHARD CHRISTENSEN	RESIDENTIAL	$551,000	145 ft
5045 BLOOMINGTON AVE MINNEAPOLIS MN 55417	VICKI L WILLIAMS	RESIDENTIAL	$422,300	145 ft
5020 16TH AVE S MINNEAPOLIS MN 55417	GREGORY A ROUSSEAU	RESIDENTIAL	$446,100	148 ft
5049 BLOOMINGTON AVE MINNEAPOLIS MN 55417	BRUCE S NORMAN ET AL	RESIDENTIAL	$474,400	165 ft

Property History

Most Recent Sale

Date199608

Price$135,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,269