5007 FREMONT AVE S MINNEAPOLIS MN 55419

PID: 1602824420027

Property Overview

Parcel ID1602824420027

Lot Size7,766 sq ft (0.178 ac)

Lot Dimensions (est.)129 ft wide × 60 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerK MCCREIGHT & P MCCREIGHT

Assessed Value$801,000

Land Value$352,000

Building Value$449,000

Annual Tax$13,406

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,759/mo

Renter-occupied8.6%

Median home value$617K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1114

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 width50 ft

Buildable depth89 ft

Area~4,470 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 4,470 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5015 FREMONT AVE S MINNEAPOLIS MN 55419	ANNA LISA LINDBERG CEDAR	RESIDENTIAL	$917,500	60 ft
5001 FREMONT AVE S MINNEAPOLIS MN 55419	JOHN GERKEN & J GERKEN	RESIDENTIAL	$650,600	60 ft
1211 50TH ST W MINNEAPOLIS MN 55419	AMY M SURBER	RESIDENTIAL	$282,900	113 ft
5021 FREMONT AVE S MINNEAPOLIS MN 55419	R A JUSTMAN & S C JUSTMAN	RESIDENTIAL	$701,700	120 ft
5006 EMERSON AVE S MINNEAPOLIS MN 55419	JEFFREY RILEY & AMY RILEY	RESIDENTIAL	$667,000	141 ft
5012 EMERSON AVE S MINNEAPOLIS MN 55419	SUSAN C OLSON TRUST	RESIDENTIAL	$690,900	150 ft
5018 EMERSON AVE S MINNEAPOLIS MN 55419	S P UNOWSKY & V J UNOWSKY	RESIDENTIAL	$750,100	168 ft
5000 EMERSON AVE S MINNEAPOLIS MN 55419	J J BRONSON & E M GEIWITZ	RESIDENTIAL	$592,400	172 ft
5025 FREMONT AVE S MINNEAPOLIS MN 55419	RANDOLPH A BELL/ERIN K BELL	RESIDENTIAL-TWO UNIT	$895,600	180 ft
5022 EMERSON AVE S MINNEAPOLIS MN 55419	KEVIN ARIO & PAULA ARIO	RESIDENTIAL	$716,800	192 ft

Property History

Most Recent Sale

Date202412

Price$885,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,406