5315 MINNEHAHA AVE MINNEAPOLIS MN 55417

PID: 1702823330037

Property Overview

Parcel ID1702823330037

Lot Size23,675 sq ft (0.544 ac)

Lot Dimensions (est.)238 ft wide × 100 ft deep

Year Built1971

Property ClassAPARTMENT

OwnerDUNAWAY LLC

Assessed Value$3,428,000

Land Value$378,400

Building Value$3,049,600

Annual Tax$65,295

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Permit History

1 permit on record since 2026 · $13K total declared value · Most recent: Feb 2026 (remodel)

RemodelFeb 2026Closed

$13K

Hickman Restoration Inc

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

Neighborhood Profile

Minneapolis

Median reported rent1,555/mo

Renter-occupied20.2%

Median home value$286K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 119.98

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width223 ft

Buildable depth60 ft

Area~14,506 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 14,506 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5319 MINNEHAHA AVE MINNEAPOLIS MN 55417	YELLOW HOUSE ON MINAVE TRUST	RESIDENTIAL	$264,000	129 ft
5300 HIAWATHA LA MINNEAPOLIS MN 55417	KJERSTEN M KRANTZ-ODENDAHL	RESIDENTIAL	$320,600	134 ft
5306 HIAWATHA LA MINNEAPOLIS MN 55417	DAVID WILLIAM MANN	RESIDENTIAL	$325,000	157 ft
5325 MINNEHAHA AVE MINNEAPOLIS MN 55417	JEFFREY BRYCE HALEY	RESIDENTIAL	$264,000	187 ft
5312 HIAWATHA LA MINNEAPOLIS MN 55417	DROPKIN MANAGEMENT LLC	RESIDENTIAL-TWO UNIT	$478,800	198 ft
4900 53RD ST E MINNEAPOLIS MN 55417	BARRE & WARANLE HOLDING LLC	RESIDENTIAL	$317,500	233 ft
5329 MINNEHAHA AVE MINNEAPOLIS MN 55417	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	237 ft
5320 HIAWATHA LA MINNEAPOLIS MN 55417	ELIZABETH MALCHOW	RESIDENTIAL	$241,100	249 ft
4824 53RD ST E MINNEAPOLIS MN 55417	MICHAEL HOOPS & NICOLE HOOPS	CONDOMINIUM	$201,000	252 ft
4824 53RD ST E MINNEAPOLIS MN 55417	YANESSA A ZELAYA	CONDOMINIUM	$200,000	252 ft

Property History

Most Recent Sale

Date202512

Price$3,100,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$65,295