5133 42ND AVE S MINNEAPOLIS MN 55417

PID: 1802823410064

Property Overview

Parcel ID1802823410064

Lot Size6,460 sq ft (0.148 ac)

Lot Dimensions (est.)129 ft wide × 50 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerJOSEPH OLADIPO

Assessed Value$209,900

Land Value$138,000

Building Value$71,900

Annual Tax$4,208

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,555/mo

Renter-occupied20.2%

Median home value$286K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 119.98

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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 width40 ft

Buildable depth89 ft

Area~3,566 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 3,566 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5137 42ND AVE S MINNEAPOLIS MN 55417	ALEX LENDE	RESIDENTIAL	$353,800	50 ft
5129 42ND AVE S MINNEAPOLIS MN 55417	DANIEL WAYNE KNIGHT	RESIDENTIAL	$344,000	50 ft
5141 42ND AVE S MINNEAPOLIS MN 55417	MARNY SKY	RESIDENTIAL	$369,400	100 ft
5125 42ND AVE S MINNEAPOLIS MN 55417	TAVYER J BUECHLER TRUST	RESIDENTIAL	$333,300	100 ft
5132 43RD AVE S MINNEAPOLIS MN 55417	SCOTT LYNCH & HEATHER LYNCH	RESIDENTIAL	$267,500	141 ft
5136 43RD AVE S MINNEAPOLIS MN 55417	WILLIAM D SMITH	RESIDENTIAL	$453,600	149 ft
5128 43RD AVE S MINNEAPOLIS MN 55417	ZACHARY WEAVER & LAUREN UHL	RESIDENTIAL	$240,700	150 ft
5145 42ND AVE S MINNEAPOLIS MN 55417	M D FREKING & R FREKING	RESIDENTIAL	$424,400	150 ft
5123 42ND AVE S MINNEAPOLIS MN 55417	JODY A FRIES	RESIDENTIAL	$288,000	150 ft
5140 43RD AVE S MINNEAPOLIS MN 55417	HANNAH ANDERSON-FRESKE ET AL	RESIDENTIAL	$392,000	172 ft

Property History

Most Recent Sale

Date202203

Price$100,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,208