5045 QUEEN AVE S MINNEAPOLIS MN 55410

PID: 1702824410016

Property Overview

Parcel ID1702824410016

Lot Size5,034 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerE H GRAHAM & ANDREW C PERSON

Assessed Value$725,300

Land Value$296,000

Building Value$429,300

Annual Tax$11,972

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2021 · $120K total declared value · Most recent: Feb 2022 (existres)

ExistresFeb 2022Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResJan 2022Closed

HomeWorks Services LLC

ExistresJan 2022Closed

4Front Energy Solutions Inc

ResJan 2022Closed

HomeWorks Services LLC

RemodelJan 2022Closed

$40K

Field Outdoor Spaces

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

Neighborhood Profile

Fulton · Minneapolis

Median reported rent1,771/mo

Renter-occupied10.4%

Median home value$551K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1113

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

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 depth86 ft

Area~2,575 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 2,575 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5049 QUEEN AVE S MINNEAPOLIS MN 55410	BENJAMIN VEATER-FUCHS ET AL	RESIDENTIAL	$622,800	40 ft
5041 QUEEN AVE S MINNEAPOLIS MN 55410	MARY BECK	RESIDENTIAL	$873,100	40 ft
5053 QUEEN AVE S MINNEAPOLIS MN 55410	TODD A BETHEL/PAULA J BETHEL	RESIDENTIAL	$604,500	80 ft
5037 QUEEN AVE S MINNEAPOLIS MN 55410	BABETTA A GRAFF	RESIDENTIAL-TWO UNIT	$580,000	80 ft
5057 QUEEN AVE S MINNEAPOLIS MN 55410	GREGORY J LEWIS	RESIDENTIAL	$517,500	120 ft
5035 QUEEN AVE S MINNEAPOLIS MN 55410	K S ATTEBERRY ET AL TRUSTEES	RESIDENTIAL	$846,000	120 ft
5044 PENN AVE S MINNEAPOLIS MN 55419	SEAN TERRENCE CONNER	RESIDENTIAL-TWO UNIT	$627,000	140 ft
5040 PENN AVE S MINNEAPOLIS MN 55419	RICHARD D OLSON REV TRUST	RESIDENTIAL-TWO UNIT	$570,600	145 ft
5052 PENN AVE S MINNEAPOLIS MN 55419	J M MALONE & B J MALONE	RESIDENTIAL	$698,300	149 ft
5029 QUEEN AVE S MINNEAPOLIS MN 55410	J R BORMAN & M M BORMAN	RESIDENTIAL	$689,800	159 ft

Property History

Most Recent Sale

Date201508

Price$510,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,972