5024 FREMONT AVE S MINNEAPOLIS MN 55419

PID: 1602824420053

Property Overview

Parcel ID1602824420053

Lot Size5,416 sq ft (0.124 ac)

Lot Dimensions (est.)135 ft wide × 40 ft deep

Year Built1936

Property ClassRESIDENTIAL

OwnerTIMOTHY R SCHUPP ET AL

Assessed Value$836,500

Land Value$331,000

Building Value$505,500

Annual Tax$14,076

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2006 · $240K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2022Expired

$12K

Purple Storm Roofing

MiscSep 2018Closed

$6K

CROSSROAD CONSTRUCTION INC

ResOct 2017Closed

UPTOWN PLUMBING HEATING AND COOLING

Building Re-inspectionDec 2008

$88K

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

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth95 ft

Area~2,862 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 small multifamily (2–4 units, wood frame) benchmarks for 2,862 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5028 FREMONT AVE S MINNEAPOLIS MN 55419	A F KRESSER III/K M KRESSER	RESIDENTIAL	$594,900	40 ft
5020 FREMONT AVE S MINNEAPOLIS MN 55419	SCOTT FARWIG/ALEKHYA FARWIG	RESIDENTIAL	$890,200	50 ft
5032 FREMONT AVE S MINNEAPOLIS MN 55419	S PUMROY & S RUBINSTEIN	RESIDENTIAL	$618,500	84 ft
5014 FREMONT AVE S MINNEAPOLIS MN 55419	N L SCOTT & K C VISKOCIL	RESIDENTIAL	$999,000	110 ft
5029 GIRARD AVE S MINNEAPOLIS MN 55419	ALISON VANCE ET AL	RESIDENTIAL	$680,000	123 ft
5025 GIRARD AVE S MINNEAPOLIS MN 55419	SETH DOORN & RACHEL DOORN	RESIDENTIAL	$586,500	123 ft
5038 FREMONT AVE S MINNEAPOLIS MN 55419	ADAM SCHOWENGERDT ET AL	RESIDENTIAL	$749,900	134 ft
5021 GIRARD AVE S MINNEAPOLIS MN 55419	T G RUSHIN & J T RUSHIN	RESIDENTIAL	$734,900	134 ft
5033 GIRARD AVE S MINNEAPOLIS MN 55419	SCOTT P VANKOUGHNETT	RESIDENTIAL	$437,100	135 ft
5017 GIRARD AVE S MINNEAPOLIS MN 55419	S R LANGE & J L LANGE	RESIDENTIAL	$530,000	154 ft

Property History

Most Recent Sale

Date200810

Price$655,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$14,076