316 5TH ST N E MINNEAPOLIS MN 55413

PID: 1402924430053

Property Overview

Parcel ID1402924430053

Lot Size7,178 sq ft (0.165 ac)

Lot Dimensions (est.)166 ft wide × 43 ft deep

Year Built1907

Property ClassRESIDENTIAL

OwnerJ A MANDELMAN/L T WASHINGTON

Assessed Value$760,000

Land Value$212,000

Building Value$548,000

Annual Tax$12,678

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width30 ft

Buildable depth139 ft

Area~4,188 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 4,188 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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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	43 ft
318 5TH ST N E MINNEAPOLIS MN 55413	M E HOGENSON & C A CARTER	RESIDENTIAL-TWO UNIT	$584,600	48 ft
308 5TH ST N E MINNEAPOLIS MN 55413	MARY A LARSEN TRUST	RESIDENTIAL	$668,900	95 ft
328 5TH ST N E MINNEAPOLIS MN 55413	KATHLEEN ANN S JACOBS	RESIDENTIAL	$447,300	109 ft
304 5TH ST N E MINNEAPOLIS MN 55413	LUCAS MICHAEL MANOS	RESIDENTIAL	$457,800	155 ft
319 4TH ST N E MINNEAPOLIS MN 55413	J M MAGNUSON/R A O MAGNUSON	RESIDENTIAL	$430,700	167 ft
313 4TH ST N E MINNEAPOLIS MN 55413	J T VIKEN & N L JORGENSON	RESIDENTIAL	$465,600	168 ft
311 4TH ST N E MINNEAPOLIS MN 55413	J T VIKEN & N L JORGENSON	RESIDENTIAL-TWO UNIT	$468,200	168 ft
336 5TH ST N E MINNEAPOLIS MN 55413	R M NEWMAN JR & P A SCOTT	RESIDENTIAL	$441,300	173 ft
307 4TH ST N E MINNEAPOLIS MN 55413	RICK A LONETTI	TRIPLEX	$721,700	191 ft

Property History

Most Recent Sale

Date200604

Price$401,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,678