5324 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417

PID: 1402824440073

Property Overview

Parcel ID1402824440073

Lot Size6,425 sq ft (0.147 ac)

Lot Dimensions (est.)136 ft wide × 47 ft deep

Year Built1930

Property ClassRESIDENTIAL

OwnerM O & G H WILES

Assessed Value$513,700

Land Value$272,000

Building Value$241,700

Annual Tax$7,964

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $7K total declared value · Most recent: Aug 2023 (res)

ResAug 2023Expired

MN Plumbing & Home Services INC

ResFeb 2021Closed

Ron the Sewer Rat Inc

MiscJul 2020Closed

$4K

Minnesota Restoration Contractors INC

AdditionJul 2020Closed

$3K

Greg Wiles

ResNov 2019Closed

FIRESIDE HEARTH AND HOME

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 width123 ft

Buildable depth7 ft

Area~3,235 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 3,235 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
5328 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	AARON P GREY & JAKE L GREY	RESIDENTIAL	$642,800	50 ft
5332 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	AMY L STRABALA	RESIDENTIAL	$606,300	100 ft
5320 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	K T KARNOWSKI & E KARNOWSKI	RESIDENTIAL	$770,100	110 ft
5328 CHATEAU PL MINNEAPOLIS MN 55417	PETER W & DEANNA L BOSS	RESIDENTIAL	$617,300	114 ft
5336 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	T DOUGHERTY & K DOUGHERTY	RESIDENTIAL	$557,100	150 ft
5324 CHATEAU PL MINNEAPOLIS MN 55417	PHILLIP E NELSON & WIFE	RESIDENTIAL	$620,900	153 ft
5316 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	PETER M SCHROEDER ET AL	RESIDENTIAL	$725,000	159 ft
5320 CHATEAU PL MINNEAPOLIS MN 55417	C SUTHERLAND & J SUTHERLAND	RESIDENTIAL	$523,800	195 ft
5321 CHATEAU PL MINNEAPOLIS MN 55417	L L ROTEGARD & N R DOUGHTY	RESIDENTIAL	$551,100	196 ft
5340 W LAKE NOKOMIS PKWY MINNEAPOLIS MN 55417	S K DUTCHER & K DUTCHER	RESIDENTIAL	$790,000	208 ft

Property History

Most Recent Sale

Date199201

Price$138,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,964