5014 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1502824310150

Property Overview

Parcel ID1502824310150

Lot Size3,710 sq ft (0.085 ac)

Lot Dimensions (est.)140 ft wide × 27 ft deep

Year Built1987

Property ClassRESIDENTIAL-ZERO LOT LINE

OwnerC J WHITING & K R LAW

Assessed Value$382,800

Land Value$138,000

Building Value$244,800

Annual Tax$5,903

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 rent1,486/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 width17 ft

Buildable depth97 ft

Area~1,650 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 1,650 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5016 NICOLLET AVE MINNEAPOLIS MN 55419	DEBRA D THOMPSON	RESIDENTIAL-ZERO LOT LINE	$329,500	26 ft
5020 NICOLLET AVE MINNEAPOLIS MN 55419	BEARPRINT PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$542,900	66 ft
5000 NICOLLET AVE MINNEAPOLIS MN 55419	J W RICHARDSON & C M TURKE	RESIDENTIAL	$639,600	80 ft
5024 NICOLLET AVE MINNEAPOLIS MN 55419	OSWALDO E AREVALO FARFAN	RESIDENTIAL-TWO UNIT	$533,900	119 ft
5001 BELMONT AVE S MINNEAPOLIS MN 55419	CHARLES E & MARY K CROWLEY	RESIDENTIAL	$690,600	137 ft
5005 BELMONT AVE S MINNEAPOLIS MN 55419	JANE F ROSEMARIN REV TRUST	RESIDENTIAL	$687,900	143 ft
5028 NICOLLET AVE MINNEAPOLIS MN 55419	K M S PIEDRA & A P S PIEDRA	RESIDENTIAL-TWO UNIT	$536,900	172 ft
5011 BELMONT AVE S MINNEAPOLIS MN 55419	T A WYBORNY & T A WYBORNY	RESIDENTIAL	$856,800	180 ft
5021 NICOLLET AVE MINNEAPOLIS MN 55419	RYNE M VAN HORN	RESIDENTIAL	$307,400	216 ft
5027 NICOLLET AVE MINNEAPOLIS MN 55419	STEVEN HOLZEMER	RESIDENTIAL	$341,000	217 ft

Property History

Most Recent Sale

Date202603

Price$450,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,903