1115 5TH ST N E MINNEAPOLIS MN 55413

PID: 1402924240187

Property Overview

Parcel ID1402924240187

Lot Size5,522 sq ft (0.127 ac)

Lot Dimensions (est.)138 ft wide × 40 ft deep

Year Built1906

Property ClassRESIDENTIAL-TWO UNIT

OwnerB V WEST & S P WEST REV TRST

Assessed Value$422,100

Land Value$139,000

Building Value$283,100

Annual Tax$8,016

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $50K total declared value · Most recent: Feb 2018 (existres)

ExistresFeb 2018Closed

Perfection Heating and Air Conditioning Inc

ResJan 2018Closed

Salzer Plumbing LLC

RemodelMar 2017Closed

$50K

EAGLE CREST CONSTRUCTION LLC

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

Neighborhood Profile

Sheridan · Minneapolis

Median reported rent647/mo

Renter-occupied60.8%

Median home value$341K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1025

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth98 ft

Area~2,941 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 2,941 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
1119 5TH ST N E MINNEAPOLIS MN 55413	JASON T GORAY & JOY K GORAY	RESIDENTIAL-TWO UNIT	$387,500	40 ft
1123 5TH ST N E MINNEAPOLIS MN 55413	ROBERT DOUGLAS MULLER	RESIDENTIAL-TWO UNIT	$427,800	80 ft
509 BROADWAY ST N E MINNEAPOLIS MN 55413	BRADLEY JAMES STEINER	RESIDENTIAL-TWO UNIT	$490,500	89 ft
501 BROADWAY ST N E MINNEAPOLIS MN 55413	BRADLEY J STEINER	RESIDENTIAL	$370,500	92 ft
1127 5TH ST N E MINNEAPOLIS MN 55413	CALEB RUESINK	RESIDENTIAL-TWO UNIT	$450,100	120 ft
1114 6TH ST N E MINNEAPOLIS MN 55413	MELISSA CHIN	RESIDENTIAL-TWO UNIT	$389,900	152 ft
1118 6TH ST N E MINNEAPOLIS MN 55413	DHAWAN FAM QUAL SPOUSAL TR	RESIDENTIAL-TWO UNIT	$432,400	157 ft
1110 6TH ST N E MINNEAPOLIS MN 55413	1110 6TH ST LLC	RESIDENTIAL-TWO UNIT	$384,000	157 ft
515 BROADWAY ST N E MINNEAPOLIS MN 55413	W B SENTYRZ JR & S A SENTYRZ	RESIDENTIAL	$141,900	160 ft
1131 5TH ST N E MINNEAPOLIS MN 55413	L K LYNN & A MAYMIND	RESIDENTIAL	$404,100	160 ft

Property History

Most Recent Sale

Date201202

Price$182,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,016