1131 5TH ST N E MINNEAPOLIS MN 55413

PID: 1402924240191

Property Overview

Parcel ID1402924240191

Lot Size5,524 sq ft (0.127 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerL K LYNN & A MAYMIND

Assessed Value$404,100

Land Value$139,000

Building Value$265,100

Annual Tax$6,112

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2005 · $88K total declared value · Most recent: May 2022 (misc)

MiscMay 2022Closed

$5K

Mad City Windows & Bath

ResJun 2020Closed

Warners Stellian Co Inc

ResJan 2018Closed

Roberts Plumbing Inc

RemodelDec 2017Closed

$14K

NEW GENERATION BUILDERS LLC

Building Re-inspectionOct 2005

$69K

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

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 width30 ft

Buildable depth98 ft

Area~2,942 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 2,942 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
1127 5TH ST N E MINNEAPOLIS MN 55413	CALEB RUESINK	RESIDENTIAL-TWO UNIT	$450,100	40 ft
1135 5TH ST N E MINNEAPOLIS MN 55413	T AARON RIDGE	RESIDENTIAL-TWO UNIT	$448,300	40 ft
1123 5TH ST N E MINNEAPOLIS MN 55413	ROBERT DOUGLAS MULLER	RESIDENTIAL-TWO UNIT	$427,800	80 ft
1139 5TH ST N E MINNEAPOLIS MN 55413	JO DOIG SUBJ/LE	RESIDENTIAL	$399,000	80 ft
1119 5TH ST N E MINNEAPOLIS MN 55413	JASON T GORAY & JOY K GORAY	RESIDENTIAL-TWO UNIT	$387,500	120 ft
1207 5TH ST N E MINNEAPOLIS MN 55413	Z P WACHOWIAK & L M GORMAN	RESIDENTIAL	$415,800	120 ft
1130 6TH ST N E MINNEAPOLIS MN 55413	ROSS QUADE	RESIDENTIAL-TWO UNIT	$441,000	152 ft
1134 6TH ST N E MINNEAPOLIS MN 55413	BRANT AXT	RESIDENTIAL	$412,400	157 ft
1126 6TH ST N E MINNEAPOLIS MN 55413	CITY OF LAKES COMM LAND TRST	—	$452,600	157 ft
1115 5TH ST N E MINNEAPOLIS MN 55413	B V WEST & S P WEST REV TRST	RESIDENTIAL-TWO UNIT	$422,100	160 ft

Property History

Most Recent Sale

Date202311

Price$403,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,112