2309 53RD ST W MINNEAPOLIS MN 55410

PID: 1702824440118

Property Overview

Parcel ID1702824440118

Lot Size6,191 sq ft (0.142 ac)

Lot Dimensions (est.)53 ft wide × 116 ft deep

Year Built2013

Property ClassRESIDENTIAL

OwnerB L NICHOLS & M M NICHOLS

Assessed Value$1,132,700

Land Value$282,000

Building Value$850,700

Annual Tax$19,961

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2013 · $1.0M total declared value · Most recent: Jun 2025 (addition)

AdditionJun 2025Inspection

$142K

Grizzly Construction Co

ExistresOct 2024Inspection

Genz-Ryan Plumbing and Heating Co

ExistresSep 2017Closed

Genz-Ryan Plumbing and Heating Co

ResSep 2017Closed

Pro Master Plumbing Inc

RemodelAug 2017Closed

$25K

Bryan L Nichols

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 width43 ft

Buildable depth77 ft

Area~3,272 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 3,272 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2311 53RD ST W MINNEAPOLIS MN 55410	DAVID JOHN BANKS	RESIDENTIAL	$534,100	62 ft
5304 PENN AVE S MINNEAPOLIS MN 55419	D B OLSON & P D OLSON	RESIDENTIAL-TWO UNIT	$524,700	87 ft
5300 PENN AVE S MINNEAPOLIS MN 55419	LAWRENCE R ANDERSON	RESIDENTIAL-TWO UNIT	$539,100	90 ft
5310 PENN AVE S MINNEAPOLIS MN 55419	G M POWELL & E B GOODMAN	RESIDENTIAL	$441,900	112 ft
2317 53RD ST W MINNEAPOLIS MN 55410	STEVEN K & LAURA E MITCHELL	RESIDENTIAL	$563,500	124 ft
5314 PENN AVE S MINNEAPOLIS MN 55419	BETH DENDINGER	RESIDENTIAL	$544,400	155 ft
2300 53RD ST W MINNEAPOLIS MN 55410	LAURA BORCHARDT	RESIDENTIAL	$663,000	170 ft
2316 CROMWELL DR MINNEAPOLIS MN 55410	KATHERINE LINDAHL	RESIDENTIAL	$751,500	174 ft
2314 53RD ST W MINNEAPOLIS MN 55410	T N DAENZER & B A DAENZER	RESIDENTIAL	$941,100	177 ft
2310 53RD ST W MINNEAPOLIS MN 55410	JULIE ELAINE ALLYN	RESIDENTIAL	$799,200	178 ft

Property History

Most Recent Sale

Date201308

Price$230,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$19,961