5205 42ND AVE S MINNEAPOLIS MN 55417

PID: 1802823440208

Property Overview

Parcel ID1802823440208

Lot Size5,129 sq ft (0.118 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerOLIVIA NORTWEN

Assessed Value$290,900

Land Value$124,000

Building Value$166,900

Annual Tax$4,201

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

3 permits on record since 2019 · $31K total declared value · Most recent: Feb 2019 (existres)

ExistresFeb 2019Closed

LACY MECHANICAL LLC

ResFeb 2019Closed

ACI Plumbing Inc

RemodelFeb 2019Closed

$31K

MGR REMODEL LLC

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

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 width30 ft

Buildable depth88 ft

Area~2,646 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 2,646 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
5209 42ND AVE S MINNEAPOLIS MN 55417	ANDRE L BLANKHOLM ET AL	RESIDENTIAL	$261,200	40 ft
5201 42ND AVE S MINNEAPOLIS MN 55417	PAVEL & MICHELLE SPIEKER	RESIDENTIAL	$254,100	40 ft
5213 42ND AVE S MINNEAPOLIS MN 55417	DANIEL J SMITH	RESIDENTIAL	$304,000	80 ft
5217 42ND AVE S MINNEAPOLIS MN 55417	ZORIAN SASYK/ALICIA FREEMAN	RESIDENTIAL	$314,700	120 ft
5204 43RD AVE S MINNEAPOLIS MN 55417	NICHOLE KNODE	RESIDENTIAL	$237,800	142 ft
5145 42ND AVE S MINNEAPOLIS MN 55417	M D FREKING & R FREKING	RESIDENTIAL	$424,400	145 ft
5208 43RD AVE S MINNEAPOLIS MN 55417	JANALEE & MARK JOHNSON	RESIDENTIAL	$284,100	147 ft
4221 52ND ST E MINNEAPOLIS MN 55417	JOHN HAUGEN	RESIDENTIAL	$473,000	148 ft
5221 42ND AVE S MINNEAPOLIS MN 55417	SHREEDHAR PANDEY ET AL	RESIDENTIAL	$329,700	160 ft
5212 43RD AVE S MINNEAPOLIS MN 55417	MARIE V WILLIAMS	RESIDENTIAL	$297,400	162 ft

Property History

Most Recent Sale

Date202504

Price$327,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,201