5124 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1502824310052

Property Overview

Parcel ID1502824310052

Lot Size12,103 sq ft (0.278 ac)

Lot Dimensions (est.)130 ft wide × 93 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerG & L SMITH

Assessed Value$509,900

Land Value$237,000

Building Value$272,900

Annual Tax$7,887

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

1 permit on record since 2020 · $6K total declared value · Most recent: May 2020 (misc)

MiscMay 2020Closed

$6K

CROSSROAD CONSTRUCTION INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Tangletown · Minneapolis

Median reported rent1,486/mo

Renter-occupied21.5%

Median home value$519K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1115

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width83 ft

Buildable depth90 ft

Area~7,474 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 3-story wood frame (5–12 units) benchmarks for 7,474 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5116 NICOLLET AVE MINNEAPOLIS MN 55419	TANGLETOWN INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$555,700	78 ft
5136 NICOLLET AVE MINNEAPOLIS MN 55419	C E & E R POOR	RESIDENTIAL	$700,000	93 ft
5112 NICOLLET AVE MINNEAPOLIS MN 55419	KATHLEEN R WEATHERLY TRUSTEE	RESIDENTIAL-TWO UNIT	$478,700	131 ft
5135 BELMONT AVE S MINNEAPOLIS MN 55419	K L CARLSON & F M RALPH	RESIDENTIAL	$1,143,900	165 ft
5127 BELMONT AVE S MINNEAPOLIS MN 55419	S L CUTLER & J N CUTLER TRS	RESIDENTIAL	$1,339,700	171 ft
5144 NICOLLET AVE MINNEAPOLIS MN 55419	M R MEYER & K P MEYER	RESIDENTIAL	$547,300	186 ft
5121 NICOLLET AVE MINNEAPOLIS MN 55419	A D MASLOWSKI/J A MASLOWSKI	RESIDENTIAL-TWO UNIT	$494,200	202 ft
5100 NICOLLET AVE MINNEAPOLIS MN 55419	JOHN R HOTVET	RESIDENTIAL	$876,000	207 ft
5127 NICOLLET AVE MINNEAPOLIS MN 55419	JOSHUA LEE CHRISTOFFER ET AL	RESIDENTIAL-TWO UNIT	$504,700	209 ft
5139 BELMONT AVE S MINNEAPOLIS MN 55419	LIESL SCHINDLER	RESIDENTIAL	$675,500	210 ft

Property History

Current Tax Year

Year2026

Tax Due$7,887