5035 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824410097

Property Overview

Parcel ID1502824410097

Lot Size8,327 sq ft (0.191 ac)

Lot Dimensions (est.)128 ft wide × 65 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerP J DYMIT & M M DYMIT

Assessed Value$692,600

Land Value$231,000

Building Value$461,600

Annual Tax$11,355

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $106K total declared value · Most recent: Sep 2022 (existres)

ExistresSep 2022Closed

Sayler Heating & Air Conditioning Inc

ResSep 2022Closed

Sayler Heating & Air Conditioning Inc

ResSep 2022Closed

Freedom Mechanical LLP

RemodelAug 2022Closed

$106K

TRESTLE CUSTOM HOMES LLC

ResJan 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Field · Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

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 width76 ft

Buildable depth57 ft

Area~4,821 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 4,821 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5027 3RD AVE S MINNEAPOLIS MN 55419	R HOPFENSPERGER ETAL TRUST	RESIDENTIAL	$661,900	74 ft
306 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	GORDON J RAUSCH TRUSTEE	RESIDENTIAL	$916,600	131 ft
5047 3RD AVE S MINNEAPOLIS MN 55419	MADOLANE S ZYDOWICZ	RESIDENTIAL	$890,000	134 ft
314 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	M PETERSON & J PETERSON	RESIDENTIAL	$864,000	137 ft
5017 3RD AVE S MINNEAPOLIS MN 55419	DOUGLAS DICKEL/BRENDA DICKEL	RESIDENTIAL	$607,000	154 ft
5034 3RD AVE S MINNEAPOLIS MN 55419	RICHARD P & SUSAN E MEWES	RESIDENTIAL	$611,700	190 ft
5026 3RD AVE S MINNEAPOLIS MN 55419	M HOLDEM & A A HOLDEN	RESIDENTIAL	$629,900	202 ft
5042 3RD AVE S MINNEAPOLIS MN 55419	ANNE C SOTO	RESIDENTIAL	$634,200	211 ft
322 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	MARGARET L SCHMUCHER REV TR	RESIDENTIAL	$731,700	224 ft
5011 3RD AVE S MINNEAPOLIS MN 55419	NANCY L BELL	RESIDENTIAL	$493,200	234 ft

Property History

Most Recent Sale

Date200301

Price$420,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,355