511 8TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924310046

Property Overview

Parcel ID1402924310046

Lot Size5,992 sq ft (0.138 ac)

Lot Dimensions (est.)97 ft wide × 62 ft deep

Year Built1973

Property ClassRESIDENTIAL-TWO UNIT

OwnerJEAN L BORGERDING

Assessed Value$453,200

Land Value$155,000

Building Value$298,200

Annual Tax$6,934

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $23K total declared value · Most recent: May 2024 (existres)

ExistresMay 2024Expired

Standard Heating and Air Conditioning Inc

ExistresMay 2024Expired

Standard Heating and Air Conditioning Inc

MiscApr 2018Closed

$23K

RENEWAL BY ANDERSEN CORP

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 width39 ft

Buildable depth82 ft

Area~3,200 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 3-story wood frame (5–12 units) benchmarks for 3,200 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
509 8TH AVE N E MINNEAPOLIS MN 55413	JEAN L BORGERDING	RESIDENTIAL-TWO UNIT	$539,300	42 ft
517 8TH AVE N E MINNEAPOLIS MN 55413	J K PHILLIPS & M A PHILLIPS	RESIDENTIAL	$328,400	43 ft
505 8TH AVE N E MINNEAPOLIS MN 55413	P C & J A MUNSON	RESIDENTIAL-TWO UNIT	$361,700	81 ft
523 8TH AVE N E MINNEAPOLIS MN 55413	PEDRO TAPIA & AMANDA TAPIA	RESIDENTIAL	$410,100	102 ft
809 5TH ST N E MINNEAPOLIS MN 55413	809 5TH STREET NE LLC	RESIDENTIAL-TWO UNIT	$386,500	107 ft
501 8TH AVE N E MINNEAPOLIS MN 55413	TOM KLARKOWSKI	RESIDENTIAL-TWO UNIT	$367,900	121 ft
817 5TH ST N E MINNEAPOLIS MN 55413	A R AGUIRRE & B AGUIRRE	RESIDENTIAL-TWO UNIT	$513,500	131 ft
514 BROADWAY ST N E MINNEAPOLIS MN 55413	CASEY PALICKA	RESIDENTIAL	$286,900	139 ft
508 BROADWAY ST N E MINNEAPOLIS MN 55413	JORDAN MEADE	RESIDENTIAL	$316,900	142 ft
522 BROADWAY ST N E MINNEAPOLIS MN 55413	YIDA LI	RESIDENTIAL	$228,700	147 ft

Property History

Most Recent Sale

Date202306

Price$180,000

TypeCONTRACT FOR DEED

Current Tax Year

Year2026

Tax Due$6,934