5012 BELMONT AVE S MINNEAPOLIS MN 55419

PID: 1502824310127

Property Overview

Parcel ID1502824310127

Lot Size5,920 sq ft (0.136 ac)

Lot Dimensions (est.)130 ft wide × 45 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerSCOTT A KRAMER/L M H KRAMER

Assessed Value$598,300

Land Value$269,000

Building Value$329,300

Annual Tax$9,811

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

5 permits on record since 2022 · $67K total declared value · Most recent: May 2025 (misc)

MiscMay 2025Closed

$5K

BAYPORT ROOFING AND SIDING LLC

ExistresJan 2023Closed

Hilliard Heating & Cooling Inc

RemodelJan 2023Closed

$54K

Trusted Choice Remodeling

ResDec 2022Closed

Diversified Plumbing and Heating Inc

MiscOct 2022Closed

$8K

RITE-WAY WATERPROOFING

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width49 ft

Buildable depth60 ft

Area~3,204 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 sfr / adu benchmarks for 3,204 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5016 BELMONT AVE S MINNEAPOLIS MN 55419	L B MREMA & L W BARTLOW	RESIDENTIAL	$674,900	46 ft
5008 BELMONT AVE S MINNEAPOLIS MN 55419	M R OLSON & E M OLSON	RESIDENTIAL	$680,500	47 ft
5020 BELMONT AVE S MINNEAPOLIS MN 55419	RACHEL ALM & JOHN ALM	RESIDENTIAL	$536,300	90 ft
115 50TH ST W MINNEAPOLIS MN 55419	DUANE C WILLIAMS	RESIDENTIAL	$666,700	118 ft
5004 BELMONT AVE S MINNEAPOLIS MN 55419	J A JANZEN/M A JANZEN TRUST	RESIDENTIAL	$719,100	119 ft
5024 BELMONT AVE S MINNEAPOLIS MN 55419	ANDREW J FEYEN ET AL	RESIDENTIAL	$554,700	132 ft
119 50TH ST W MINNEAPOLIS MN 55419	R J ST ANTHONY ET AL	RESIDENTIAL	$488,200	149 ft
5028 BELMONT AVE S MINNEAPOLIS MN 55419	K M ISENBERG & L ISENBERG	RESIDENTIAL	$643,300	178 ft
5011 BELMONT AVE S MINNEAPOLIS MN 55419	T A WYBORNY & T A WYBORNY	RESIDENTIAL	$856,800	199 ft
125 50TH ST W MINNEAPOLIS MN 55419	S R FINCKLE/M LANDRY-FINCKLE	RESIDENTIAL	$794,000	201 ft

Property History

Most Recent Sale

Date201604

Price$500,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,811