5115 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1502824420003

Property Overview

Parcel ID1502824420003

Lot Size6,999 sq ft (0.161 ac)

Lot Dimensions (est.)100 ft wide × 70 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerMARY E LUNDBERG

Assessed Value$397,000

Land Value$190,000

Building Value$207,000

Annual Tax$5,971

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $5K total declared value · Most recent: Aug 2022 (misc)

MiscAug 2022Closed

$2K

CREW2 INC

ExistresOct 2019Closed

Erickson Plumbing Heating Cooling Inc

MiscJul 2019Closed

$3K

CROSSROAD CONSTRUCTION INC

ExistresOct 2017Closed

Centraire Heating & Air Conditioning LLC

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

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 width60 ft

Buildable depth60 ft

Area~3,596 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 3-story wood frame (5–12 units) benchmarks for 3,596 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5121 NICOLLET AVE MINNEAPOLIS MN 55419	A D MASLOWSKI/J A MASLOWSKI	RESIDENTIAL-TWO UNIT	$494,200	60 ft
10 LUVERNE AVE MINNEAPOLIS MN 55419	WILLIAM J & LOUISE H KEPPEL	RESIDENTIAL	$689,600	91 ft
1 ELMWOOD PL E MINNEAPOLIS MN 55419	ROBERT SCHLOSSER/B SCHLOSSER	RESIDENTIAL	$1,137,000	102 ft
5127 NICOLLET AVE MINNEAPOLIS MN 55419	JOSHUA LEE CHRISTOFFER ET AL	RESIDENTIAL-TWO UNIT	$504,700	111 ft
16 LUVERNE AVE MINNEAPOLIS MN 55419	D J O'NEIL & D M O'NEIL	RESIDENTIAL	$575,200	127 ft
5133 NICOLLET AVE MINNEAPOLIS MN 55419	MARK BRAGET	RESIDENTIAL-TWO UNIT	$426,900	160 ft
20 LUVERNE AVE MINNEAPOLIS MN 55419	MERRITT L CAMPBELL	RESIDENTIAL	$325,700	169 ft
5137 NICOLLET AVE MINNEAPOLIS MN 55419	A T BACK & N K STARKS	RESIDENTIAL-TWO UNIT	$467,300	210 ft
5124 NICOLLET AVE MINNEAPOLIS MN 55419	G & L SMITH	RESIDENTIAL	$509,900	213 ft
24 LUVERNE AVE MINNEAPOLIS MN 55419	L L B MANOR & J D MANOR	RESIDENTIAL	$517,000	220 ft

Property History

Most Recent Sale

Date199207

Price$85,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,971