714 5TH ST N E MINNEAPOLIS MN 55413

PID: 1402924310074

Property Overview

Parcel ID1402924310074

Lot Size6,746 sq ft (0.155 ac)

Lot Dimensions (est.)167 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerNIGEL E ECCLESTON ET AL

Assessed Value$268,400

Land Value$163,000

Building Value$105,400

Annual Tax$3,840

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

2 permits on record since 2024 · $23K total declared value · Most recent: Jul 2024 (misc)

MiscJul 2024Closed

$6K

GUARDIAN CHIMNEY SOLUTIONS LLC

MiscJun 2024Closed

$18K

ERC Construction 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth125 ft

Area~3,860 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 3,860 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
712 5TH ST N E MINNEAPOLIS MN 55413	BARRETT LIVING TRUST	RESIDENTIAL-TWO UNIT	$492,700	41 ft
420 8TH AVE N E MINNEAPOLIS MN 55413	TONYA PETERS	RESIDENTIAL	$362,600	89 ft
708 5TH ST N E MINNEAPOLIS MN 55413	T F HEINECKE & O HEINECKE	RESIDENTIAL	$398,600	90 ft
424 8TH AVE N E MINNEAPOLIS MN 55413	MICHAEL LILINSHTEIN	RESIDENTIAL	$470,500	90 ft
416 8TH AVE N E MINNEAPOLIS MN 55413	KRISTINA MARIE GRONQUIST	RESIDENTIAL	$509,800	104 ft
428 8TH AVE N E MINNEAPOLIS MN 55413	GREGORY KUDANOVYCH	RESIDENTIAL-TWO UNIT	$522,800	107 ft
410 8TH AVE N E MINNEAPOLIS MN 55413	DANIEL TERSTEEG	RESIDENTIAL	$279,000	131 ft
417 7TH AVE N E MINNEAPOLIS MN 55413	GREG T SCHUTTE	RESIDENTIAL	$371,500	135 ft
421 7TH AVE N E MINNEAPOLIS MN 55413	JASON JOHNSON	RESIDENTIAL-TWO UNIT	$289,900	148 ft
419 7TH AVE N E MINNEAPOLIS MN 55413	J M S SODERBERG ET AL	RESIDENTIAL	$336,000	149 ft

Property History

Most Recent Sale

Date198703

Price$66,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,840