5024 WASHBURN AVE S MINNEAPOLIS MN 55410

PID: 1702824420092

Property Overview

Parcel ID1702824420092

Lot Size5,132 sq ft (0.118 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerS S ERICKSON & M D ERICKSON

Assessed Value$557,200

Land Value$298,000

Building Value$259,200

Annual Tax$8,793

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · Most recent: Nov 2025 (res)

ResNov 2025Closed

Pronto Heating & Air Conditioning Inc

ExistresAug 2025Inspection

Residential Heating and Air Conditioning Inc

ResDec 2018Closed

CenterPoint Energy Resource Corp

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~2,649 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 2,649 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
5020 WASHBURN AVE S MINNEAPOLIS MN 55410	S A BRAUN & H A BRAUN	RESIDENTIAL	$532,000	40 ft
5028 WASHBURN AVE S MINNEAPOLIS MN 55410	A BRENNAN & L ERICKSON	RESIDENTIAL	$623,800	40 ft
5016 WASHBURN AVE S MINNEAPOLIS MN 55410	R SCOTT SANDISON	RESIDENTIAL	$520,400	80 ft
5032 WASHBURN AVE S MINNEAPOLIS MN 55410	FATIN OMERABI	RESIDENTIAL	$499,000	80 ft
5012 WASHBURN AVE S MINNEAPOLIS MN 55410	JENNIFER ANN HALCROW	RESIDENTIAL	$525,700	120 ft
5036 WASHBURN AVE S MINNEAPOLIS MN 55410	N R MEHROTRA & P RAGHAVAN	RESIDENTIAL	$992,400	120 ft
5025 XERXES AVE S MINNEAPOLIS MN 55410	VICTOR WEIJERS ET AL	RESIDENTIAL	$656,000	140 ft
5029 XERXES AVE S MINNEAPOLIS MN 55410	E R COOPERMAN/R L COOPERMAN	RESIDENTIAL	$403,500	145 ft
5021 XERXES AVE S MINNEAPOLIS MN 55410	DAVID A & MARNIE L LAMBERT	RESIDENTIAL	$364,000	146 ft
5033 XERXES AVE S MINNEAPOLIS MN 55410	SARA ALGERI/ANDREW ALBJERG	RESIDENTIAL	$617,100	160 ft

Property History

Most Recent Sale

Date201808

Price$542,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,793