508 8TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924310026

Property Overview

Parcel ID1402924310026

Lot Size4,662 sq ft (0.107 ac)

Lot Dimensions (est.)86 ft wide × 55 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerE S BERNARD/A L SCHIFF ET AL

Assessed Value$578,600

Land Value$137,000

Building Value$441,600

Annual Tax$9,234

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2018 · $82K total declared value · Most recent: Aug 2024 (existres)

ExistresAug 2024Closed

Standard Heating and Air Conditioning Inc

ExistresMay 2023Closed

Standard Heating and Air Conditioning Inc

ResFeb 2023Closed

4Front Energy Solutions Inc

RemodelFeb 2023Closed

$82K

WOODEN DREAMS INC

ExistresFeb 2023Closed

4Front Energy Solutions Inc

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

Neighborhood Profile

St. Anthony West · Minneapolis

Median reported rent1,476/mo

Renter-occupied71.0%

Median home value$413K

Vacancy rate11.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1030

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 width36 ft

Buildable depth61 ft

Area~2,204 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 2,204 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
506 8TH AVE N E MINNEAPOLIS MN 55413	C LABERGE & V CHRISTENSEN	RESIDENTIAL	$234,300	42 ft
512 8TH AVE N E MINNEAPOLIS MN 55413	H BOTTLER & K S P ROCA	RESIDENTIAL-TWO UNIT	$428,600	45 ft
500 8TH AVE N E MINNEAPOLIS MN 55413	JAMES REDMOND CLIFFORD	RESIDENTIAL-TWO UNIT	$431,400	73 ft
719 5TH ST N E MINNEAPOLIS MN 55413	S M & A M PATRICK	RESIDENTIAL	$422,600	73 ft
516 8TH AVE N E MINNEAPOLIS MN 55413	516 8TH AVE NE LLC	RESIDENTIAL-TWO UNIT	$427,300	90 ft
715 5TH ST N E MINNEAPOLIS MN 55413	SALIM MAKHOUL & BETH MAKHOUL	RESIDENTIAL	$360,900	113 ft
520 8TH AVE N E MINNEAPOLIS MN 55413	B G LEGLER & T L LEGLER	RESIDENTIAL-TWO UNIT	$412,600	130 ft
711 5TH ST N E MINNEAPOLIS MN 55413	SHERRI M JULKOWSKI	RESIDENTIAL	$414,900	154 ft
505 8TH AVE N E MINNEAPOLIS MN 55413	P C & J A MUNSON	RESIDENTIAL-TWO UNIT	$361,700	161 ft
524 8TH AVE N E MINNEAPOLIS MN 55413	BISHOP HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$420,000	170 ft

Property History

Most Recent Sale

Date202209

Price$612,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,234