5120 16TH AVE S MINNEAPOLIS MN 55417

PID: 1402824410146

Property Overview

Parcel ID1402824410146

Lot Size4,930 sq ft (0.113 ac)

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

Year Built1947

Property ClassRESIDENTIAL

OwnerKAYLA E EPSMAN

Assessed Value$465,800

Land Value$195,000

Building Value$270,800

Annual Tax$7,183

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $13K total declared value · Most recent: Mar 2026 (existres)

ExistresMar 2026Inspection

BONFES PLUMBING HEATING AND AIR SERVICE INC

MiscFeb 2017Closed

$7K

ALL AROUND PROPERTY PRESERVATION

MiscFeb 2017Closed

$5K

ALL AROUND ROOFING AND RENOVATIONS

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 width30 ft

Buildable depth83 ft

Area~2,497 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 2,497 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5124 16TH AVE S MINNEAPOLIS MN 55417	NANCY SWANSON	RESIDENTIAL	$410,900	40 ft
5116 16TH AVE S MINNEAPOLIS MN 55417	SHANTAL PAI & GRIFFIN BUELL	RESIDENTIAL	$391,000	41 ft
5128 16TH AVE S MINNEAPOLIS MN 55417	ERIC LOCKARD & KARLI JELEN	RESIDENTIAL	$518,900	80 ft
5112 16TH AVE S MINNEAPOLIS MN 55417	K SKELLY & M SKELLY	RESIDENTIAL	$462,800	82 ft
5132 16TH AVE S MINNEAPOLIS MN 55417	TERRI L HARRIS TRUST AGRMT	RESIDENTIAL	$419,900	120 ft
5108 16TH AVE S MINNEAPOLIS MN 55417	MATTHEW CHERNE	RESIDENTIAL	$383,600	123 ft
5121 BLOOMINGTON AVE MINNEAPOLIS MN 55417	DEREK HARRRIS/AMANDA HARRIS	RESIDENTIAL	$569,500	137 ft
5125 BLOOMINGTON AVE MINNEAPOLIS MN 55417	JWC4F&F TRUST	RESIDENTIAL-TWO UNIT	$431,800	143 ft
5117 BLOOMINGTON AVE MINNEAPOLIS MN 55417	CHRISTIAN DWYER & M ZEIHER	RESIDENTIAL	$341,000	143 ft
5129 BLOOMINGTON AVE MINNEAPOLIS MN 55417	ANDREW TWITO & MEGAN TWITO	RESIDENTIAL-TWO UNIT	$398,500	159 ft

Property History

Most Recent Sale

Date202005

Price$450,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,183