5115 45TH AVE S MINNEAPOLIS MN 55417

PID: 1802823410138

Property Overview

Parcel ID1802823410138

Lot Size6,564 sq ft (0.151 ac)

Lot Dimensions (est.)134 ft wide × 49 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerWAYNE JOEL

Assessed Value$298,100

Land Value$113,000

Building Value$185,100

Annual Tax$4,661

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $34K total declared value · Most recent: Dec 2024 (remodel)

RemodelDec 2024Closed

$6K

Freedom Forever Minnesota LLC

MiscSep 2024Closed

$15K

BUILT STRONG EXTERIORS LLC

MiscJul 2024Closed

$13K

BUILT STRONG EXTERIORS LLC

ResAug 2017Closed

MN PLUMBING AND APPLIANCES

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

Neighborhood Profile

Minnehaha · 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

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 width124 ft

Buildable depth9 ft

Area~3,664 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 3,664 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5119 45TH AVE S MINNEAPOLIS MN 55417	JAMES D FREEMAN	RESIDENTIAL	$387,600	49 ft
5106 HIAWATHA AVE MINNEAPOLIS MN 55417	MISRAK WUBISHET ET AL	APARTMENT	$663,000	82 ft
5123 45TH AVE S MINNEAPOLIS MN 55417	J J BIEDERMAN & R D BALLBACH	RESIDENTIAL	$428,900	100 ft
5120 HIAWATHA AVE MINNEAPOLIS MN 55417	MATTHEW BURNS LIVING TRUST	RESIDENTIAL-TWO UNIT	$465,300	130 ft
5125 45TH AVE S MINNEAPOLIS MN 55417	D MOSBRUCKER & P HANSCOM	RESIDENTIAL	$730,900	150 ft
5112 45TH AVE S MINNEAPOLIS MN 55417	L L LARSON & L K LARSON	RESIDENTIAL	$233,400	190 ft
5108 45TH AVE S MINNEAPOLIS MN 55417	M DYNNESON JR & J DYNNESON	RESIDENTIAL	$368,600	196 ft
5116 45TH AVE S MINNEAPOLIS MN 55417	ZAYNAB MOHAMED	RESIDENTIAL	$291,700	197 ft
5124 46TH AVE S MINNEAPOLIS MN 55417	JACQUES APALOO	RESIDENTIAL-TWO UNIT	$404,400	200 ft
5129 45TH AVE S MINNEAPOLIS MN 55417	ANDREW BASO	RESIDENTIAL	$266,000	200 ft

Property History

Most Recent Sale

Date201605

Price$206,490

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,661