5400 45TH AVE S MINNEAPOLIS MN 55417

PID: 1902823110030

Property Overview

Parcel ID1902823110030

Lot Size5,218 sq ft (0.120 ac)

Lot Dimensions (est.)128 ft wide × 41 ft deep

Year Built1945

Property ClassRESIDENTIAL

OwnerJULIE A JACOBSON

Assessed Value$247,400

Land Value$98,000

Building Value$149,400

Annual Tax$3,672

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $35K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Expired

$19K

SHARP EXTERIORS

MiscApr 2022Closed

$15K

TWIN CITIES SIDING PROFESSIONALS

ExistresMar 2021Closed

Dean's Professional Plumbing Inc

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

Neighborhood Profile

Morris Park · Minneapolis

Median reported rent1,438/mo

Renter-occupied18.6%

Median home value$267K

Vacancy rate2.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 121.02

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth1 ft

Area~2,268 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 2,268 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5404 45TH AVE S MINNEAPOLIS MN 55417	S G LAFRENIERE & A FILLMORE	RESIDENTIAL	$325,700	40 ft
5408 45TH AVE S MINNEAPOLIS MN 55417	SCOTT D OLSON	RESIDENTIAL	$250,200	81 ft
5356 45TH AVE S MINNEAPOLIS MN 55417	CITY/LAKES COMMUNITY LAND TR	—	$275,700	99 ft
5412 45TH AVE S MINNEAPOLIS MN 55417	A J H-PETERSON/M A PETERSON	RESIDENTIAL	$328,500	120 ft
5352 45TH AVE S MINNEAPOLIS MN 55417	BENJAMIN KANN & LEAH KANN	RESIDENTIAL	$831,600	138 ft
5401 44TH AVE S MINNEAPOLIS MN 55417	MALLIKA DUTTA	RESIDENTIAL	$193,200	142 ft
5405 44TH AVE S MINNEAPOLIS MN 55417	ANGELA C ANDERSON	RESIDENTIAL	$191,900	148 ft
5416 45TH AVE S MINNEAPOLIS MN 55417	BETTY L WHITE	RESIDENTIAL	$220,000	161 ft
5409 44TH AVE S MINNEAPOLIS MN 55417	STEVEN G TRUDEAU SR	RESIDENTIAL	$348,500	163 ft
5357 44TH AVE S MINNEAPOLIS MN 55417	PAIGE BOOTH	RESIDENTIAL	$239,000	172 ft

Property History

Most Recent Sale

Date199501

Price$72,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,672