510 UNIVERSITY AVE N E MINNEAPOLIS MN 55413

PID: 1402924340100

Property Overview

Parcel ID1402924340100

Lot Size5,534 sq ft (0.127 ac)

Lot Dimensions (est.)164 ft wide × 34 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerJOSEPH W BERO

Assessed Value$564,000

Land Value$157,000

Building Value$407,000

Annual Tax$8,956

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2001 · $290K total declared value · Most recent: May 2023 (res)

ResMay 2023Closed

Urban Pine Plumbing and Mechanical Inc

ExistresMay 2023Closed

Home Energy Center Inc

Building Re-inspectionOct 2001

$290K

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 rent1,674/mo

Renter-occupied50.5%

Median home value$467K

Vacancy rate12.7%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1036

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width23 ft

Buildable depth128 ft

Area~2,940 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 2,940 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
506 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	D E FISCHER & J A FISCHER	RESIDENTIAL	$584,400	34 ft
514 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	CLOUD REALTY LLC	TRIPLEX	$578,600	46 ft
500 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	A J KEIL & J GOKHBERG	RESIDENTIAL-TWO UNIT	$545,800	83 ft
520 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ST M MAR CATH CH-MPLS R E TR	RESIDENTIAL	$685,000	101 ft
216 6TH AVE N E MINNEAPOLIS MN 55413	EPARCHY OUR LADY OF LEBANON	TRIPLEX	$450,700	108 ft
509 2ND ST N E MINNEAPOLIS MN 55413	SCOTT VETSCH	RESIDENTIAL	$402,200	167 ft
513 2ND ST N E MINNEAPOLIS MN 55413	ST MARON MARONITE CAT CHURCH	APARTMENT	$561,000	173 ft
501 2ND ST N E MINNEAPOLIS MN 55413	ST MARON MARONITE CATH CH	RESIDENTIAL-TWO UNIT	$517,800	186 ft
206 6TH AVE N E MINNEAPOLIS MN 55413	ROBERT J SHAHEEN TRUSTEE	RESIDENTIAL	$373,000	210 ft
438 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	PHUONG BAILEY/MARC S BAILEY	APARTMENT	$558,000	216 ft

Property History

Most Recent Sale

Date200711

Price$300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,956