5208 16TH AVE S MINNEAPOLIS MN 55417

PID: 1402824440037

Property Overview

Parcel ID1402824440037

Lot Size6,142 sq ft (0.141 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerGARY C ROTHER

Assessed Value$398,300

Land Value$221,000

Building Value$177,300

Annual Tax$5,993

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2023 · $13K total declared value · Most recent: Mar 2025 (remodel)

RemodelMar 2025Closed

$7K

Everlight Solar Construction

ResJul 2024Expired

CHAMPION PLUMBING LLC

MiscApr 2023Closed

$6K

HOFFMAN WEBER CONSTRUCTION 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 width40 ft

Buildable depth83 ft

Area~3,313 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 3,313 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5204 16TH AVE S MINNEAPOLIS MN 55417	RUTH ANNE SANBORN	RESIDENTIAL	$283,300	50 ft
5212 16TH AVE S MINNEAPOLIS MN 55417	JONI P C VOGT & JOHNVOGT	RESIDENTIAL	$905,800	50 ft
5200 16TH AVE S MINNEAPOLIS MN 55417	A RONDOU & R A VERA	RESIDENTIAL	$505,700	100 ft
5216 16TH AVE S MINNEAPOLIS MN 55417	J D KLEVEN & L A KLEVEN	RESIDENTIAL	$833,000	100 ft
5209 BLOOMINGTON AVE MINNEAPOLIS MN 55417	B S BARNETT & K A BARNETT	RESIDENTIAL-TWO UNIT	$459,400	136 ft
5215 BLOOMINGTON AVE MINNEAPOLIS MN 55417	KATHRYN BRATKO	RESIDENTIAL-TWO UNIT	$497,800	145 ft
5205 BLOOMINGTON AVE MINNEAPOLIS MN 55417	PARIS ALVEZ	RESIDENTIAL-TWO UNIT	$423,400	145 ft
5220 16TH AVE S MINNEAPOLIS MN 55417	ANGELA SUE SNELL	RESIDENTIAL	$487,600	150 ft
5217 BLOOMINGTON AVE MINNEAPOLIS MN 55417	SALITURE PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$528,100	169 ft
5201 BLOOMINGTON AVE MINNEAPOLIS MN 55417	KEEPING IT R E HOLDINGS LLC	COMMERCIAL-PREFERRED	$465,000	169 ft

Property History

Most Recent Sale

Date199404

Price$1

Type—

Current Tax Year

Year2026

Tax Due$5,993