308 5TH ST N E MINNEAPOLIS MN 55413

PID: 1402924430008

Property Overview

Parcel ID1402924430008

Lot Size10,016 sq ft (0.230 ac)

Lot Dimensions (est.)175 ft wide × 57 ft deep

Year Built1993

Property ClassRESIDENTIAL

OwnerMARY A LARSEN TRUST

Assessed Value$668,900

Land Value$243,000

Building Value$425,900

Annual Tax$10,947

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 2022 · Most recent: Jan 2023 (res)

ResJan 2023Closed

Warners Stellian Co Inc

ResMar 2022Closed

Water Heaters Now 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 rent1,674/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

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 width50 ft

Buildable depth127 ft

Area~6,341 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 6,341 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
312 5TH ST N E MINNEAPOLIS MN 55413	LYDIA BILYK	RESIDENTIAL	$443,000	52 ft
304 5TH ST N E MINNEAPOLIS MN 55413	LUCAS MICHAEL MANOS	RESIDENTIAL	$457,800	60 ft
316 5TH ST N E MINNEAPOLIS MN 55413	J A MANDELMAN/L T WASHINGTON	RESIDENTIAL	$760,000	95 ft
318 5TH ST N E MINNEAPOLIS MN 55413	M E HOGENSON & C A CARTER	RESIDENTIAL-TWO UNIT	$584,600	143 ft
307 4TH ST N E MINNEAPOLIS MN 55413	RICK A LONETTI	TRIPLEX	$721,700	166 ft
311 4TH ST N E MINNEAPOLIS MN 55413	J T VIKEN & N L JORGENSON	RESIDENTIAL-TWO UNIT	$468,200	170 ft
301 4TH ST N E MINNEAPOLIS MN 55413	BRIAN W ADAM & JANET T LEE	RESIDENTIAL	$679,800	177 ft
313 4TH ST N E MINNEAPOLIS MN 55413	J T VIKEN & N L JORGENSON	RESIDENTIAL	$465,600	187 ft
328 5TH ST N E MINNEAPOLIS MN 55413	KATHLEEN ANN S JACOBS	RESIDENTIAL	$447,300	204 ft
319 4TH ST N E MINNEAPOLIS MN 55413	J M MAGNUSON/R A O MAGNUSON	RESIDENTIAL	$430,700	210 ft

Property History

Most Recent Sale

Date201008

Price$262,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,947