5315 45TH AVE S MINNEAPOLIS MN 55417

PID: 1802823440022

Property Overview

Parcel ID1802823440022

Lot Size5,140 sq ft (0.118 ac)

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

Year Built2015

Property ClassRESIDENTIAL

OwnerRONALD FARBER-NEWMAN ET AL

Assessed Value$682,600

Land Value$131,000

Building Value$551,600

Annual Tax$11,432

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

2 permits on record since 2020 · $14K total declared value · Most recent: Sep 2025 (addition)

AdditionSep 2025Closed

$14K

CENTAURI SYSTEMS LLC

ExistresSep 2020Closed

Standard Heating and Air Conditioning Inc

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

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 width30 ft

Buildable depth89 ft

Area~2,653 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 2,653 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5317 45TH AVE S MINNEAPOLIS MN 55417	CAROLINE G SWITALA	RESIDENTIAL	$320,300	40 ft
5309 45TH AVE S MINNEAPOLIS MN 55417	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$330,100	40 ft
5321 45TH AVE S MINNEAPOLIS MN 55417	ROBERT E CHILDS	RESIDENTIAL	$317,700	80 ft
5305 45TH AVE S MINNEAPOLIS MN 55417	MEGHAN L WILIAMS	RESIDENTIAL	$375,900	80 ft
5325 45TH AVE S MINNEAPOLIS MN 55417	NANCY F LENA	RESIDENTIAL	$299,800	120 ft
5301 45TH AVE S MINNEAPOLIS MN 55417	C A & J L VAILLANCOURT	RESIDENTIAL	$389,200	122 ft
5312 46TH AVE S MINNEAPOLIS MN 55417	ISAAC HOPKINS & KAMI HOPKINS	RESIDENTIAL	$375,600	142 ft
5308 46TH AVE S MINNEAPOLIS MN 55417	ELLEN MARIE WALL WESTENBURG	RESIDENTIAL	$263,000	148 ft
5320 46TH AVE S MINNEAPOLIS MN 55417	D M WANDURAGALA/A K EVERSON	RESIDENTIAL	$365,000	157 ft
5329 45TH AVE S MINNEAPOLIS MN 55417	BONNIE J HIBEN-FAHRENKRUG	RESIDENTIAL	$281,500	161 ft

Property History

Most Recent Sale

Date201903

Price$585,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,432