505 8TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924310047

Property Overview

Parcel ID1402924310047

Lot Size3,240 sq ft (0.074 ac)

Lot Dimensions (est.)71 ft wide × 45 ft deep

Year Built1904

Property ClassRESIDENTIAL-TWO UNIT

OwnerP C & J A MUNSON

Assessed Value$361,700

Land Value$112,000

Building Value$249,700

Annual Tax$7,300

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

4 permits on record since 2020 · $28K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Closed

$19K

Roofix Technologies LLC

RemodelAug 2025Inspection

$9K

BRS Field Ops, LLC

ExistresJun 2021Closed

Blue Ox Heating and Air LLC

ExistresJan 2020Closed

UPTOWN PLUMBING HEATING AND COOLING

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 width30 ft

Buildable depth41 ft

Area~1,226 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 1,226 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
501 8TH AVE N E MINNEAPOLIS MN 55413	TOM KLARKOWSKI	RESIDENTIAL-TWO UNIT	$367,900	40 ft
509 8TH AVE N E MINNEAPOLIS MN 55413	JEAN L BORGERDING	RESIDENTIAL-TWO UNIT	$539,300	42 ft
809 5TH ST N E MINNEAPOLIS MN 55413	809 5TH STREET NE LLC	RESIDENTIAL-TWO UNIT	$386,500	64 ft
511 8TH AVE N E MINNEAPOLIS MN 55413	JEAN L BORGERDING	RESIDENTIAL-TWO UNIT	$453,200	81 ft
517 8TH AVE N E MINNEAPOLIS MN 55413	J K PHILLIPS & M A PHILLIPS	RESIDENTIAL	$328,400	124 ft
817 5TH ST N E MINNEAPOLIS MN 55413	A R AGUIRRE & B AGUIRRE	RESIDENTIAL-TWO UNIT	$513,500	126 ft
506 8TH AVE N E MINNEAPOLIS MN 55413	C LABERGE & V CHRISTENSEN	RESIDENTIAL	$234,300	146 ft
508 8TH AVE N E MINNEAPOLIS MN 55413	E S BERNARD/A L SCHIFF ET AL	RESIDENTIAL-TWO UNIT	$578,600	161 ft
500 8TH AVE N E MINNEAPOLIS MN 55413	JAMES REDMOND CLIFFORD	RESIDENTIAL-TWO UNIT	$431,400	166 ft
512 8TH AVE N E MINNEAPOLIS MN 55413	H BOTTLER & K S P ROCA	RESIDENTIAL-TWO UNIT	$428,600	177 ft

Property History

Most Recent Sale

Date199607

Price$62,500

Type—

Current Tax Year

Year2026

Tax Due$7,300