5501 QUEEN AVE S MINNEAPOLIS MN 55410

PID: 2002824110044

Property Overview

Parcel ID2002824110044

Lot Size6,317 sq ft (0.145 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerKATHERINE M LINDSTROM

Assessed Value$650,200

Land Value$236,000

Building Value$414,200

Annual Tax$10,553

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $65K total declared value · Most recent: Oct 2018 (existres)

ExistresOct 2018Closed

Airic's Heating & Air Conditioning Inc

ResSep 2018Closed

Midwest Plumbing and Service LLC

RemodelSep 2018Closed

$65K

THE NEW OLD HOUSE CO

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

Neighborhood Profile

Armatage · Minneapolis

Median reported rent1,771/mo

Renter-occupied10.4%

Median home value$551K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1113

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 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.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth10 ft

Area~3,194 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 3,194 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5505 QUEEN AVE S MINNEAPOLIS MN 55410	RICHARD PORTNOY	RESIDENTIAL	$419,300	50 ft
5509 QUEEN AVE S MINNEAPOLIS MN 55410	PHILIP & MARY RUCE TRUST	RESIDENTIAL	$567,500	100 ft
5445 QUEEN AVE S MINNEAPOLIS MN 55410	K M ANDERSON & J C VALKO	RESIDENTIAL	$454,600	109 ft
5500 PENN AVE S MINNEAPOLIS MN 55419	C A FREILING & E A FREILING	RESIDENTIAL	$374,000	140 ft
5504 PENN AVE S MINNEAPOLIS MN 55419	RACHEL HEMSEY & KYLE NELSON	RESIDENTIAL-TWO UNIT	$487,000	149 ft
5515 QUEEN AVE S MINNEAPOLIS MN 55410	K H LAYON & K D LAYON	RESIDENTIAL	$526,800	150 ft
5441 QUEEN AVE S MINNEAPOLIS MN 55410	ELIZABETH BAKER	RESIDENTIAL	$481,500	157 ft
5508 PENN AVE S MINNEAPOLIS MN 55419	JACE BROCKEL	RESIDENTIAL-TWO UNIT	$435,900	173 ft
5516 QUEEN AVE S MINNEAPOLIS MN 55410	LEE F SIEVERS & WIFE	RESIDENTIAL	$553,500	186 ft
5520 QUEEN AVE S MINNEAPOLIS MN 55410	B BRASSER & R J BRASSER	RESIDENTIAL	$453,000	192 ft

Property History

Most Recent Sale

Date202109

Price$775,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,553