5349 39TH AVE S MINNEAPOLIS MN 55417

PID: 1802823430129

Property Overview

Parcel ID1802823430129

OwnerJEFFREY E COLES

Lot Size5,118 sq ft (0.117 ac)

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

Year Built1918

Property ClassRESIDENTIAL

Assessed Value$248,000

Land Value$136,000

Building Value$112,000

Annual Tax$3,611

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

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$363K-5.7% YoY

Median price / sqft$228/sqft

Median days to close37 days

Active listings29

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 width30 ft

Buildable depth88 ft

Area~2,638 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 2,638 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5353 39TH AVE S MINNEAPOLIS MN 55417	NICHOLAS B NELSON	RESIDENTIAL	$299,700	40 ft
5345 39TH AVE S MINNEAPOLIS MN 55417	CPY PROPERTIES I LLC	RESIDENTIAL	$255,000	40 ft
5341 39TH AVE S MINNEAPOLIS MN 55417	MARK THOMSEN & KORI THOMSEN	RESIDENTIAL	$286,000	80 ft
5339 39TH AVE S MINNEAPOLIS MN 55417	M J ANDERSON & D N EBBERT	RESIDENTIAL	$257,000	120 ft
5350 40TH AVE S MINNEAPOLIS MN 55417	L E BRIGUGLIO & S E MARTIN	RESIDENTIAL	$312,700	141 ft
5346 40TH AVE S MINNEAPOLIS MN 55417	O KARCHER & C O'NEIL	RESIDENTIAL	$354,700	147 ft
5354 40TH AVE S MINNEAPOLIS MN 55417	B D VINCENT & A S VINCENT	RESIDENTIAL	$352,700	147 ft
5335 39TH AVE S MINNEAPOLIS MN 55417	CIARA ROBERTS	RESIDENTIAL	$207,000	160 ft
5342 40TH AVE S MINNEAPOLIS MN 55417	LAUREN LOEFFLER	RESIDENTIAL	$330,200	163 ft
5338 40TH AVE S MINNEAPOLIS MN 55417	SCOTT C FISCHER	RESIDENTIAL	$322,000	186 ft

Property History

Current Tax Year

Year2026

Tax Due$3,611