1400 54TH ST E MINNEAPOLIS MN 55417

PID: 1402824430063

Property Overview

Parcel ID1402824430063

Lot Size7,230 sq ft (0.166 ac)

Lot Dimensions (est.)64 ft wide × 114 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerK HERRINGTON/J T OLSON ET AL

Assessed Value$368,300

Land Value$241,000

Building Value$127,300

Annual Tax$5,618

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $8K total declared value · Most recent: Dec 2023 (misc)

MiscDec 2023Expired

$6K

EMT Construction Services

ResMar 2021Closed

Warners Stellian Co Inc

MiscFeb 2021Closed

$2K

NOKOMIS ROOFING CO

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ExistresOct 2017Closed

CENTERPOINT ENERGY

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width51 ft

Buildable depth74 ft

Area~3,734 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 sfr / adu benchmarks for 3,734 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1408 54TH ST E MINNEAPOLIS MN 55417	S R HELLERMAN / J M GUARI	RESIDENTIAL	$540,800	64 ft
5345 14TH AVE S MINNEAPOLIS MN 55417	PATRICIA GAEL & PETER GAEL	RESIDENTIAL	$540,300	84 ft
5341 14TH AVE S MINNEAPOLIS MN 55417	R L JONES & R C JONES	RESIDENTIAL	$623,100	122 ft
5352 14TH AVE S MINNEAPOLIS MN 55417	M W PETE & G L PETE	RESIDENTIAL	$557,400	155 ft
5348 14TH AVE S MINNEAPOLIS MN 55417	JARED HAGEN & EMILY HAGEN	RESIDENTIAL	$524,000	159 ft
5337 14TH AVE S MINNEAPOLIS MN 55417	K A HOWARD & D G HOWARD	RESIDENTIAL	$628,500	160 ft
5356 14TH AVE S MINNEAPOLIS MN 55417	KATHLEEN HERZOG	RESIDENTIAL	$495,900	160 ft
5344 14TH AVE S MINNEAPOLIS MN 55417	S & M GALLAGHER REVOCABLE TR	RESIDENTIAL	$528,400	173 ft
5352 15TH AVE S MINNEAPOLIS MN 55417	S I SMITH & E M LAMBERTY	RESIDENTIAL	$700,700	175 ft
5348 15TH AVE S MINNEAPOLIS MN 55417	R VENTERS & D SHERWOOD	RESIDENTIAL	$543,300	178 ft

Property History

Most Recent Sale

Date202108

Price$355,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,618