501 8TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924310048

Property Overview

Parcel ID1402924310048

Lot Size3,240 sq ft (0.074 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerTOM KLARKOWSKI

Assessed Value$367,900

Land Value$106,000

Building Value$261,900

Annual Tax$6,987

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2019 · $5K total declared value · Most recent: Oct 2019 (misc)

MiscOct 2019Closed

$5K

STANDARD WATER CONTROL SYSTEMS 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width56 ft

Buildable depth5 ft

Area~1,023 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 sfr / adu benchmarks for 1,023 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
505 8TH AVE N E MINNEAPOLIS MN 55413	P C & J A MUNSON	RESIDENTIAL-TWO UNIT	$361,700	40 ft
809 5TH ST N E MINNEAPOLIS MN 55413	809 5TH STREET NE LLC	RESIDENTIAL-TWO UNIT	$386,500	64 ft
509 8TH AVE N E MINNEAPOLIS MN 55413	JEAN L BORGERDING	RESIDENTIAL-TWO UNIT	$539,300	80 ft
511 8TH AVE N E MINNEAPOLIS MN 55413	JEAN L BORGERDING	RESIDENTIAL-TWO UNIT	$453,200	121 ft
817 5TH ST N E MINNEAPOLIS MN 55413	A R AGUIRRE & B AGUIRRE	RESIDENTIAL-TWO UNIT	$513,500	132 ft
506 8TH AVE N E MINNEAPOLIS MN 55413	C LABERGE & V CHRISTENSEN	RESIDENTIAL	$234,300	151 ft
804 5TH ST N E MINNEAPOLIS MN 55413	ROBERT JOHN BIANCHI	RESIDENTIAL-TWO UNIT	$401,600	161 ft
800 5TH ST N E MINNEAPOLIS MN 55413	M HARAMBASIC & D HARAMBASIC	RESIDENTIAL-TWO UNIT	$479,800	162 ft
500 8TH AVE N E MINNEAPOLIS MN 55413	JAMES REDMOND CLIFFORD	RESIDENTIAL-TWO UNIT	$431,400	163 ft
517 8TH AVE N E MINNEAPOLIS MN 55413	J K PHILLIPS & M A PHILLIPS	RESIDENTIAL	$328,400	163 ft

Property History

Most Recent Sale

Date202008

Price$415,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,987