509 8TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924310045

Property Overview

Parcel ID1402924310045

Lot Size4,096 sq ft (0.094 ac)

Lot Dimensions (est.)83 ft wide × 49 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerJEAN L BORGERDING

Assessed Value$539,300

Land Value$127,000

Building Value$412,300

Annual Tax$8,486

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2009 · $102K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$39K

SELA ROOFING AND REMODELING INC

MiscJul 2018Expired

$3K

RENEWAL BY ANDERSEN CORP

ExistresOct 2017Closed

Standard Heating and Air Conditioning Inc

Building Re-inspectionMar 2009

$60K

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 width24 ft

Buildable depth80 ft

Area~1,931 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 1,931 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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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	42 ft
505 8TH AVE N E MINNEAPOLIS MN 55413	P C & J A MUNSON	RESIDENTIAL-TWO UNIT	$361,700	42 ft
809 5TH ST N E MINNEAPOLIS MN 55413	809 5TH STREET NE LLC	RESIDENTIAL-TWO UNIT	$386,500	70 ft
501 8TH AVE N E MINNEAPOLIS MN 55413	TOM KLARKOWSKI	RESIDENTIAL-TWO UNIT	$367,900	80 ft
517 8TH AVE N E MINNEAPOLIS MN 55413	J K PHILLIPS & M A PHILLIPS	RESIDENTIAL	$328,400	85 ft
817 5TH ST N E MINNEAPOLIS MN 55413	A R AGUIRRE & B AGUIRRE	RESIDENTIAL-TWO UNIT	$513,500	112 ft
523 8TH AVE N E MINNEAPOLIS MN 55413	PEDRO TAPIA & AMANDA TAPIA	RESIDENTIAL	$410,100	144 ft
508 BROADWAY ST N E MINNEAPOLIS MN 55413	JORDAN MEADE	RESIDENTIAL	$316,900	148 ft
514 BROADWAY ST N E MINNEAPOLIS MN 55413	CASEY PALICKA	RESIDENTIAL	$286,900	156 ft
506 8TH AVE N E MINNEAPOLIS MN 55413	C LABERGE & V CHRISTENSEN	RESIDENTIAL	$234,300	172 ft

Property History

Most Recent Sale

Date200509

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,486