1232 5TH ST N E MINNEAPOLIS MN 55413

PID: 1402924240021

Property Overview

Parcel ID1402924240021

Lot Size6,207 sq ft (0.142 ac)

Lot Dimensions (est.)135 ft wide × 46 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerKATHERINE M VENHUIZEN

Assessed Value$327,500

Land Value$138,000

Building Value$189,500

Annual Tax$4,830

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $10K total declared value · Most recent: Nov 2025 (misc)

MiscNov 2025Closed

$10K

Walden Construction LLC

ExistresApr 2023Expired

Standard Heating and Air Conditioning Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Sheridan · Minneapolis

Median reported rent1,466/mo

Renter-occupied71.3%

Median home value$320K

Vacancy rate11.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 24

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

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 width122 ft

Buildable depth6 ft

Area~3,132 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 3,132 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
1230 5TH ST N E MINNEAPOLIS MN 55413	1230 FIFTH STREET NE LLC	RESIDENTIAL-TWO UNIT	$456,500	43 ft
1226 5TH ST N E MINNEAPOLIS MN 55413	RANDY S NELSON	RESIDENTIAL-TWO UNIT	$450,500	83 ft
1300 5TH ST N E MINNEAPOLIS MN 55413	CONOR A HESCH	RESIDENTIAL-TWO UNIT	$457,600	109 ft
1222 5TH ST N E MINNEAPOLIS MN 55413	BAUER FAMILY TRUST	RESIDENTIAL-TWO UNIT	$393,900	123 ft
412 13TH AVE N E MINNEAPOLIS MN 55413	JOHN RIFKAH PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$703,000	147 ft
1306 5TH ST N E MINNEAPOLIS MN 55413	KARLYN E ROSA & JAMES ROSA	RESIDENTIAL	$301,000	149 ft
1227 4TH ST N E MINNEAPOLIS MN 55413	WILLIAM P BYRNE	RESIDENTIAL	$316,500	153 ft
411 13TH AVE N E MINNEAPOLIS MN 55413	DAVID M CICH	RESIDENTIAL-TWO UNIT	$291,700	160 ft
1218 5TH ST N E MINNEAPOLIS MN 55413	S J ELHARDT& P F SIEVE	RESIDENTIAL-TWO UNIT	$531,500	163 ft
1225 4TH ST N E MINNEAPOLIS MN 55413	PAMELA J LOHSE	RESIDENTIAL-TWO UNIT	$418,500	168 ft

Property History

Most Recent Sale

Date200205

Price$154,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,830