517 8TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924310037

Property Overview

Parcel ID1402924310037

Lot Size4,497 sq ft (0.103 ac)

Lot Dimensions (est.)86 ft wide × 52 ft deep

Year Built1968

Property ClassRESIDENTIAL

OwnerJ K PHILLIPS & M A PHILLIPS

Assessed Value$328,400

Land Value$135,000

Building Value$193,400

Annual Tax$4,845

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2020 · $33K total declared value · Most recent: Sep 2025 (existres)

ExistresSep 2025Inspection

Perfection Heating and Air Conditioning Inc

MiscApr 2024Closed

$18K

Premier Systems Inc

MiscOct 2023Closed

$10K

MINNESOTA ROOFING CO

ExistresFeb 2023Closed

CENTERPOINT ENERGY

MiscApr 2021Closed

$1K

TACHENY EXTERIORS

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

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 width25 ft

Buildable depth88 ft

Area~2,200 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 2,200 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
511 8TH AVE N E MINNEAPOLIS MN 55413	JEAN L BORGERDING	RESIDENTIAL-TWO UNIT	$453,200	43 ft
523 8TH AVE N E MINNEAPOLIS MN 55413	PEDRO TAPIA & AMANDA TAPIA	RESIDENTIAL	$410,100	59 ft
509 8TH AVE N E MINNEAPOLIS MN 55413	JEAN L BORGERDING	RESIDENTIAL-TWO UNIT	$539,300	85 ft
505 8TH AVE N E MINNEAPOLIS MN 55413	P C & J A MUNSON	RESIDENTIAL-TWO UNIT	$361,700	124 ft
522 BROADWAY ST N E MINNEAPOLIS MN 55413	YIDA LI	RESIDENTIAL	$228,700	128 ft
531 8TH AVE N E MINNEAPOLIS MN 55413	ANNE A & JON V REUTER	RESIDENTIAL	$486,000	130 ft
514 BROADWAY ST N E MINNEAPOLIS MN 55413	CASEY PALICKA	RESIDENTIAL	$286,900	132 ft
526 BROADWAY ST N E MINNEAPOLIS MN 55413	CHERYL SOMERS	RESIDENTIAL	$196,400	141 ft
809 5TH ST N E MINNEAPOLIS MN 55413	809 5TH STREET NE LLC	RESIDENTIAL-TWO UNIT	$386,500	147 ft
508 BROADWAY ST N E MINNEAPOLIS MN 55413	JORDAN MEADE	RESIDENTIAL	$316,900	148 ft

Property History

Most Recent Sale

Date201206

Price$168,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,845