5145 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1502824420010

Property Overview

Parcel ID1502824420010

Lot Size6,908 sq ft (0.159 ac)

Lot Dimensions (est.)142 ft wide × 49 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerJACOB S & LEAH M FLEETHAM

Assessed Value$479,200

Land Value$188,000

Building Value$291,200

Annual Tax$7,342

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $61K total declared value · Most recent: Jul 2024 (misc)

MiscJul 2024Closed

$2K

SELA ROOFING AND REMODELING INC

MiscMar 2024Closed

$5K

SELA ROOFING AND REMODELING INC

ResMar 2021Closed

Norblom Plumbing Co

RemodelFeb 2021Closed

$17K

Shamrock Home Repair LLC

ResJan 2021Closed

Norblom Plumbing Co

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 depth98 ft

Area~3,917 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 3,917 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
5141 NICOLLET AVE MINNEAPOLIS MN 55419	D M MCMILLEN & S R MCMILLEN	RESIDENTIAL	$375,800	50 ft
5153 NICOLLET AVE MINNEAPOLIS MN 55419	J Y BLACKWOOD/N P BLACKWOOD	RESIDENTIAL	$700,000	50 ft
5137 NICOLLET AVE MINNEAPOLIS MN 55419	A T BACK & N K STARKS	RESIDENTIAL-TWO UNIT	$467,300	100 ft
5155 NICOLLET AVE MINNEAPOLIS MN 55419	MAXWELL JOHN BEHRENBRINKER	RESIDENTIAL-TWO UNIT	$496,100	100 ft
30 LUVERNE AVE MINNEAPOLIS MN 55419	ALICE KING MOORMANN	RESIDENTIAL	$473,900	125 ft
32 LUVERNE AVE MINNEAPOLIS MN 55419	CHAD J CLOW & KARLA R CLOW	RESIDENTIAL	$489,300	126 ft
5133 NICOLLET AVE MINNEAPOLIS MN 55419	MARK BRAGET	RESIDENTIAL-TWO UNIT	$426,900	150 ft
24 LUVERNE AVE MINNEAPOLIS MN 55419	L L B MANOR & J D MANOR	RESIDENTIAL	$517,000	161 ft
34 LUVERNE AVE MINNEAPOLIS MN 55419	B A ELLIOTT & A L ELLIOTT	RESIDENTIAL	$774,600	189 ft
5127 NICOLLET AVE MINNEAPOLIS MN 55419	JOSHUA LEE CHRISTOFFER ET AL	RESIDENTIAL-TWO UNIT	$504,700	200 ft

Property History

Most Recent Sale

Date201408

Price$322,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,342