5155 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 1502824420012

Property Overview

Parcel ID1502824420012

Lot Size7,719 sq ft (0.177 ac)

Lot Dimensions (est.)158 ft wide × 49 ft deep

Year Built1924

Property ClassRESIDENTIAL-TWO UNIT

OwnerMAXWELL JOHN BEHRENBRINKER

Assessed Value$496,100

Land Value$198,000

Building Value$298,100

Annual Tax$9,888

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

2 permits on record since 2019 · $11K total declared value · Most recent: Feb 2020 (existres)

ExistresFeb 2020Closed

Erickson Plumbing Heating Cooling Inc

MiscDec 2019Closed

$11K

CROSSROAD CONSTRUCTION INC

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 depth114 ft

Area~4,566 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 4,566 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5153 NICOLLET AVE MINNEAPOLIS MN 55419	J Y BLACKWOOD/N P BLACKWOOD	RESIDENTIAL	$700,000	50 ft
5145 NICOLLET AVE MINNEAPOLIS MN 55419	JACOB S & LEAH M FLEETHAM	RESIDENTIAL	$479,200	100 ft
6 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	TODD SMITH	RESIDENTIAL-TWO UNIT	$684,100	124 ft
16 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	DAVID F JUNCKER ETAL	RESIDENTIAL	$715,000	136 ft
32 LUVERNE AVE MINNEAPOLIS MN 55419	CHAD J CLOW & KARLA R CLOW	RESIDENTIAL	$489,300	144 ft
5141 NICOLLET AVE MINNEAPOLIS MN 55419	D M MCMILLEN & S R MCMILLEN	RESIDENTIAL	$375,800	150 ft
20 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	MARK HOLLAND & SARAH HOLLAND	RESIDENTIAL	$913,500	162 ft
34 LUVERNE AVE MINNEAPOLIS MN 55419	B A ELLIOTT & A L ELLIOTT	RESIDENTIAL	$774,600	176 ft
30 LUVERNE AVE MINNEAPOLIS MN 55419	ALICE KING MOORMANN	RESIDENTIAL	$473,900	189 ft
24 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	G A G FIORINI & L D GRUNDMAN	RESIDENTIAL	$802,000	194 ft

Property History

Most Recent Sale

Date201606

Price$227,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,888