516 LYN PARK LA N MINNEAPOLIS MN 55411

PID: 1502924320087

Property Overview

Parcel ID1502924320087

Lot Size10,205 sq ft (0.234 ac)

Lot Dimensions (est.)123 ft wide × 83 ft deep

Year Built1978

Property ClassRESIDENTIAL

OwnerATHA FEW

Assessed Value$237,600

Land Value$52,000

Building Value$185,600

Annual Tax$4,870

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

5 permits on record since 2018 · $261K total declared value · Most recent: Aug 2025 (res)

ResAug 2025Closed

Cities 1 Plumbing and Heating Inc

ResAug 2025Closed

FIRESIDE HEARTH AND HOME

RemodelJun 2025Closed

$261K

Rainbow International of Shoreview

ExistresMay 2025Closed

Perfection Heating and Air Conditioning Inc

ResAug 2018Closed

Urban Pine Plumbing and Mechanical Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Near - North · Minneapolis

Median reported rent409/mo

Renter-occupied59.5%

Median home value$245K

Vacancy rate10.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1263

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

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 width113 ft

Buildable depth43 ft

Area~5,864 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 5,864 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
512 LYN PARK LA N MINNEAPOLIS MN 55411	SYLVIA D JONES	RESIDENTIAL	$315,200	96 ft
517 LYN PARK LA N MINNEAPOLIS MN 55411	FAISO ADEN	RESIDENTIAL	$272,700	109 ft
508 LYN PARK LA N MINNEAPOLIS MN 55411	PAMELA A WESLEY	RESIDENTIAL	$244,000	158 ft
513 LYN PARK LA N MINNEAPOLIS MN 55411	ANITA L CARTER	RESIDENTIAL	$273,000	166 ft
701 ELIZABETH LA MINNEAPOLIS MN 55411	JALEF LLC	RESIDENTIAL	$248,400	174 ft
700 ELIZABETH LA MINNEAPOLIS MN 55411	KELLEN NINS	RESIDENTIAL	$230,200	186 ft
MN	Unknown	—	—	189 ft
505 LYN PARK LA N MINNEAPOLIS MN 55411	PARRIS HARPER	RESIDENTIAL	$271,000	202 ft
504 LYN PARK LA N MINNEAPOLIS MN 55411	BHAYVAN SOULISAK	RESIDENTIAL	$323,400	221 ft
509 LYN PARK LA N MINNEAPOLIS MN 55411	R C L SINCHI & G E PEREZ	RESIDENTIAL	$284,000	228 ft

Property History

Current Tax Year

Year2026

Tax Due$4,870