5010 3RD AVE S MINNEAPOLIS MN 55419

PID: 1502824420122

Property Overview

Parcel ID1502824420122

Lot Size7,388 sq ft (0.170 ac)

Lot Dimensions (est.)134 ft wide × 55 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerE FREESMEIER & D LEITER

Assessed Value$481,900

Land Value$221,000

Building Value$260,900

Annual Tax$7,473

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

5 permits on record since 2017 · Most recent: Feb 2026 (res)

ResFeb 2026Inspection

ACS Logistics Holdings LLC

ResSep 2023Closed

Erik Nelson Plumbing LLC

ResJan 2020Closed

Warners Stellian Co Inc

ResOct 2018Closed

WOODLAND STOVES & FIREPLACES

ResJan 2017Closed

CENTERPOINT ENERGY

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width45 ft

Buildable depth94 ft

Area~4,243 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 4,243 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
5000 3RD AVE S MINNEAPOLIS MN 55419	B R SCHALK & M KOTTKE	RESIDENTIAL	$693,600	67 ft
5020 3RD AVE S MINNEAPOLIS MN 55419	JIM YOUNGBLUT & BRENDA ROTH	RESIDENTIAL	$1,170,000	80 ft
5011 2ND AVE S MINNEAPOLIS MN 55419	BRIAN P KARALUS	RESIDENTIAL	$729,300	135 ft
5003 2ND AVE S MINNEAPOLIS MN 55419	MARIA GEIGLE & STAVEN BRUCE	RESIDENTIAL	$553,000	149 ft
5019 2ND AVE S MINNEAPOLIS MN 55419	J E RUCKER III & S C RUCKER	RESIDENTIAL	$792,100	164 ft
5026 3RD AVE S MINNEAPOLIS MN 55419	M HOLDEM & A A HOLDEN	RESIDENTIAL	$629,900	173 ft
4952 3RD AVE S MINNEAPOLIS MN 55419	P R HALLER/L LAU HALLER JL T	RESIDENTIAL	$432,300	189 ft
5011 3RD AVE S MINNEAPOLIS MN 55419	NANCY L BELL	RESIDENTIAL	$493,200	197 ft
5001 3RD AVE S MINNEAPOLIS MN 55419	S VEERAMACHANENI ET AL	RESIDENTIAL	$538,500	208 ft
5017 3RD AVE S MINNEAPOLIS MN 55419	DOUGLAS DICKEL/BRENDA DICKEL	RESIDENTIAL	$607,000	216 ft

Property History

Most Recent Sale

Date202403

Price$605,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,473