5001 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824410101

Property Overview

Parcel ID1502824410101

Lot Size10,239 sq ft (0.235 ac)

Lot Dimensions (est.)128 ft wide × 80 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerS VEERAMACHANENI ET AL

Assessed Value$538,500

Land Value$238,000

Building Value$300,500

Annual Tax$8,832

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $10K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Closed

$10K

R & R Roofing INC

ResJul 2022Closed

MN Plumbing & Home Services INC

ResApr 2021Closed

CHAMPION PLUMBING LLC

ExistresDec 2019Closed

Airic's Heating & Air Conditioning Inc

ResMay 2017Closed

FIRESIDE HEARTH AND HOME

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth40 ft

Area~5,892 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 5,892 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5011 3RD AVE S MINNEAPOLIS MN 55419	NANCY L BELL	RESIDENTIAL	$493,200	80 ft
315 50TH ST E MINNEAPOLIS MN 55419	RICHARD & KIMBERLY GROH TR	RESIDENTIAL	$567,600	114 ft
4949 3RD AVE S MINNEAPOLIS MN 55419	C CRONICK & A M MARTIN	RESIDENTIAL	$391,600	123 ft
5017 3RD AVE S MINNEAPOLIS MN 55419	DOUGLAS DICKEL/BRENDA DICKEL	RESIDENTIAL	$607,000	160 ft
4945 3RD AVE S MINNEAPOLIS MN 55419	SHOP 2012 LLC	RESIDENTIAL	$330,900	169 ft
321 50TH ST E MINNEAPOLIS MN 55419	JOHN B NEWBERRY	RESIDENTIAL	$425,300	179 ft
314 50TH ST E MINNEAPOLIS MN 55419	LAUREN ELIZABETH SMITH	RESIDENTIAL	$313,100	195 ft
5000 3RD AVE S MINNEAPOLIS MN 55419	B R SCHALK & M KOTTKE	RESIDENTIAL	$693,600	197 ft
5010 3RD AVE S MINNEAPOLIS MN 55419	E FREESMEIER & D LEITER	RESIDENTIAL	$481,900	208 ft
4941 3RD AVE S MINNEAPOLIS MN 55419	K M BREDESON & M J BREDESON	RESIDENTIAL	$353,800	215 ft

Property History

Most Recent Sale

Date201603

Price$412,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,832