5205 BELMONT AVE S MINNEAPOLIS MN 55419

PID: 1502824340083

Property Overview

Parcel ID1502824340083

Lot Size5,735 sq ft (0.132 ac)

Lot Dimensions (est.)138 ft wide × 42 ft deep

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerBELMONT PROPERTY LLC

Assessed Value$524,400

Land Value$228,000

Building Value$296,400

Annual Tax$9,920

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

5 permits on record since 2019 · $6K total declared value · Most recent: Jul 2025 (misc)

MiscJul 2025Closed

$2K

ERICK KALLERUP CONSTRUCTION

ExistresOct 2022Closed

Air Mechanical Inc

ExistresJul 2019Closed

Erickson Plumbing Heating Cooling Inc

ExistresJul 2019Closed

Erickson Plumbing Heating Cooling Inc

MiscApr 2019Closed

$4K

CROSSROAD CONSTRUCTION INC

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

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 width128 ft

Buildable depth2 ft

Area~2,996 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 2,996 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5209 BELMONT AVE S MINNEAPOLIS MN 55419	DAVID BOSS & BRITA GRANLUND	RESIDENTIAL-TWO UNIT	$536,900	46 ft
5201 BELMONT AVE S MINNEAPOLIS MN 55419	R C CARRENO & S J CARRENO	RESIDENTIAL-TWO UNIT	$590,400	69 ft
5200 NICOLLET AVE MINNEAPOLIS MN 55419	D BUTLER PROPERTIES LLC	TRIPLEX	$578,600	72 ft
5215 BELMONT AVE S MINNEAPOLIS MN 55419	FERAS HAMMOURI	RESIDENTIAL-TWO UNIT	$503,400	103 ft
5210 BELMONT AVE S MINNEAPOLIS MN 55419	MARY B MADRYGA	RESIDENTIAL	$575,600	170 ft
5200 BELMONT AVE S MINNEAPOLIS MN 55419	J JAEGER & J JAEGER	RESIDENTIAL	$704,500	189 ft
5151 BELMONT AVE S MINNEAPOLIS MN 55419	J D THORNTON & G A STEPHENS	RESIDENTIAL	$1,401,000	192 ft
32 VALLEYVIEW PL MINNEAPOLIS MN 55419	KATHLEEN J GREILING	RESIDENTIAL	$1,399,000	197 ft
6 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	TODD SMITH	RESIDENTIAL-TWO UNIT	$684,100	210 ft
103 52ND ST W MINNEAPOLIS MN 55419	CANDICE ELIZABETH HEADSON	RESIDENTIAL	$652,900	254 ft

Property History

Most Recent Sale

Date202209

Price$470,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,920