5029 VINCENT AVE S MINNEAPOLIS MN 55410

PID: 1702824420049

Property Overview

Parcel ID1702824420049

Lot Size5,139 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerCHERYL D MERRITT

Assessed Value$505,600

Land Value$299,000

Building Value$206,600

Annual Tax$7,799

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $24K total declared value · Most recent: Aug 2024 (remodel)

RemodelAug 2024Inspection

$20K

MULBERRY BUILDERS

ExistresAug 2024Final Inspection

BURNOMATIC

ExistresJul 2024Closed

Flare Heating & Air Conditioning, Inc.

MiscJul 2024Closed

$4K

AFFORDABLE EGRESS WINDOWS & BASEMENT WATERPROOFI

ExistresJan 2019Closed

SODERLIN PLUMBING HEATING AND AIR

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 depth88 ft

Area~2,654 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 2,654 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5033 VINCENT AVE S MINNEAPOLIS MN 55410	BRETT PAYTON & TARA PAYTON	RESIDENTIAL	$843,000	39 ft
5025 VINCENT AVE S MINNEAPOLIS MN 55410	D J HECKER & J L FREEBURG	RESIDENTIAL	$653,300	40 ft
5037 VINCENT AVE S MINNEAPOLIS MN 55410	B G GERTH & J A ADAMS-GERTH	RESIDENTIAL	$582,900	79 ft
5021 VINCENT AVE S MINNEAPOLIS MN 55410	P M SZYCHALSKI & P L JOHNSON	RESIDENTIAL	$490,500	80 ft
5041 VINCENT AVE S MINNEAPOLIS MN 55410	S T BARNES & M L BARNES	RESIDENTIAL	$554,200	120 ft
5017 VINCENT AVE S MINNEAPOLIS MN 55410	TRACY M SMITH	RESIDENTIAL	$521,600	120 ft
5028 UPTON AVE S MINNEAPOLIS MN 55410	RACHEL SCHULZ/TIMOTHY SCHULZ	RESIDENTIAL	$601,400	140 ft
5024 UPTON AVE S MINNEAPOLIS MN 55410	G & B KOPACEK	RESIDENTIAL	$545,800	145 ft
5032 UPTON AVE S MINNEAPOLIS MN 55410	BECHAY LIVING TRUST	RESIDENTIAL	$495,500	146 ft
5020 UPTON AVE S MINNEAPOLIS MN 55410	E M CHRISTEY & T J FINK II	RESIDENTIAL	$535,700	160 ft

Property History

Most Recent Sale

Date199509

Price$123,200

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,799