5337 DREW AVE S MINNEAPOLIS MN 55410

PID: 1702824330193

Property Overview

Parcel ID1702824330193

Lot Size5,101 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built2022

Property ClassTRIPLEX

OwnerMITCHELL G & JACOB L SMITH

Assessed Value$1,104,300

Land Value$276,000

Building Value$828,300

Annual Tax$20,890

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Fulton · Minneapolis

Median reported rent1,676/mo

Renter-occupied7.7%

Median home value$543K

Vacancy rate2.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1112

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

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 width30 ft

Buildable depth88 ft

Area~2,625 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 2,625 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5341 DREW AVE S MINNEAPOLIS MN 55410	MARK CONLON & AMY CONLON	RESIDENTIAL	$1,094,900	40 ft
5333 DREW AVE S MINNEAPOLIS MN 55410	SCOTT J NEWLAND/J K NEWLAND	RESIDENTIAL	$964,500	40 ft
5345 DREW AVE S MINNEAPOLIS MN 55410	RANDAL J ARTUS & D E FINK	RESIDENTIAL	$1,119,300	80 ft
5329 DREW AVE S MINNEAPOLIS MN 55410	ANDREA KEOHANE	RESIDENTIAL	$1,132,800	80 ft
5349 DREW AVE S MINNEAPOLIS MN 55410	S M DAVILA & R E ERICKSON	RESIDENTIAL	$1,107,700	120 ft
5325 DREW AVE S MINNEAPOLIS MN 55410	THAT PROPERTY PLACE LLC	RESIDENTIAL	$420,400	120 ft
5336 CHOWEN AVE S MINNEAPOLIS MN 55410	DAVID ARNDT	RESIDENTIAL	$359,700	141 ft
5332 CHOWEN AVE S MINNEAPOLIS MN 55410	CATHERINE M SIMPSON TRUST	RESIDENTIAL	$1,062,900	147 ft
5340 CHOWEN AVE S MINNEAPOLIS MN 55410	LAURA E LEATHERMAN	RESIDENTIAL	$725,700	148 ft
5353 DREW AVE S MINNEAPOLIS MN 55410	B ZACHAU & E S ZACHAU	RESIDENTIAL	$924,500	160 ft

Property History

Most Recent Sale

Date200706

Price$210,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$20,890