5400 WASHBURN AVE S MINNEAPOLIS MN 55410

PID: 2002824120085

Property Overview

Parcel ID2002824120085

Lot Size6,292 sq ft (0.144 ac)

Lot Dimensions (est.)45 ft wide × 140 ft deep

Year Built1960

Property ClassRESIDENTIAL

OwnerAMY NARUM

Assessed Value$677,200

Land Value$272,000

Building Value$405,200

Annual Tax$11,063

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2016 · Most recent: Oct 2021 (res)

ResOct 2021Closed

CHAMPION PLUMBING LLC

ResSep 2017Closed

METRO GAS INSTALLERS

ResDec 2016Closed

Twin City Fireplace & Stone Company

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 width32 ft

Buildable depth100 ft

Area~617 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 617 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3005 54TH ST W MINNEAPOLIS MN 55410	S MILES GALL AND B LEE GALL	RESIDENTIAL	$818,000	45 ft
3009 54TH ST W MINNEAPOLIS MN 55410	JAMES A CHASE	RESIDENTIAL	$907,300	90 ft
2921 54TH ST W MINNEAPOLIS MN 55410	FRANCES A RUSSELL	RESIDENTIAL	$502,800	105 ft
5414 WASHBURN AVE S MINNEAPOLIS MN 55410	J L SEGAL & T A HOIKKA	RESIDENTIAL	$755,200	112 ft
3015 54TH ST W MINNEAPOLIS MN 55410	JEAN BRANDL	RESIDENTIAL	$503,200	135 ft
5418 WASHBURN AVE S MINNEAPOLIS MN 55410	C ROBERTSON & R WOOLSEY	RESIDENTIAL	$513,400	152 ft
2917 54TH ST W MINNEAPOLIS MN 55410	TYLER STEER & DANIELLE STEER	RESIDENTIAL	$601,400	170 ft
5415 WASHBURN AVE S MINNEAPOLIS MN 55410	D J MCDONALD & B C MCDONALD	RESIDENTIAL	$894,100	181 ft
5422 WASHBURN AVE S MINNEAPOLIS MN 55410	J E TANTZEN & W L TANTZEN	RESIDENTIAL	$417,200	191 ft
5405 XERXES AVE S MINNEAPOLIS MN 55410	PETER KIRWIN & DANA KIRWIN	RESIDENTIAL	$720,300	202 ft

Property History

Most Recent Sale

Date201609

Price$533,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,063