5141 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1502824420009

Property Overview

Parcel ID1502824420009

Lot Size6,502 sq ft (0.149 ac)

Lot Dimensions (est.)134 ft wide × 49 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerD M MCMILLEN & S R MCMILLEN

Assessed Value$375,800

Land Value$183,000

Building Value$192,800

Annual Tax$5,618

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

3 permits on record since 2018 · $27K total declared value · Most recent: Apr 2020 (res)

ResApr 2020Closed

Pronto Heating & Air Conditioning Inc

MiscJun 2019Closed

$11K

CROSSROAD CONSTRUCTION INC

AdditionJun 2018Closed

$16K

BMH ROOFING AND SIDING 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 width40 ft

Buildable depth90 ft

Area~3,592 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 3,592 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
5137 NICOLLET AVE MINNEAPOLIS MN 55419	A T BACK & N K STARKS	RESIDENTIAL-TWO UNIT	$467,300	50 ft
5145 NICOLLET AVE MINNEAPOLIS MN 55419	JACOB S & LEAH M FLEETHAM	RESIDENTIAL	$479,200	50 ft
5133 NICOLLET AVE MINNEAPOLIS MN 55419	MARK BRAGET	RESIDENTIAL-TWO UNIT	$426,900	100 ft
5153 NICOLLET AVE MINNEAPOLIS MN 55419	J Y BLACKWOOD/N P BLACKWOOD	RESIDENTIAL	$700,000	100 ft
30 LUVERNE AVE MINNEAPOLIS MN 55419	ALICE KING MOORMANN	RESIDENTIAL	$473,900	115 ft
24 LUVERNE AVE MINNEAPOLIS MN 55419	L L B MANOR & J D MANOR	RESIDENTIAL	$517,000	130 ft
32 LUVERNE AVE MINNEAPOLIS MN 55419	CHAD J CLOW & KARLA R CLOW	RESIDENTIAL	$489,300	145 ft
5127 NICOLLET AVE MINNEAPOLIS MN 55419	JOSHUA LEE CHRISTOFFER ET AL	RESIDENTIAL-TWO UNIT	$504,700	150 ft
5155 NICOLLET AVE MINNEAPOLIS MN 55419	MAXWELL JOHN BEHRENBRINKER	RESIDENTIAL-TWO UNIT	$496,100	150 ft
20 LUVERNE AVE MINNEAPOLIS MN 55419	MERRITT L CAMPBELL	RESIDENTIAL	$325,700	173 ft

Property History

Current Tax Year

Year2026

Tax Due$5,618