5531 WASHBURN AVE S MINNEAPOLIS MN 55410

PID: 2002824120205

Property Overview

Parcel ID2002824120205

Lot Size13,021 sq ft (0.299 ac)

Lot Dimensions (est.)127 ft wide × 102 ft deep

Year Built1959

Property ClassAPARTMENT

OwnerREGAN 5531 LLC

Assessed Value$1,361,000

Land Value$323,900

Building Value$1,037,100

Annual Tax$25,747

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

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

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 width90 ft

Buildable depth90 ft

Area~8,060 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 8,060 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
5537 WASHBURN AVE S MINNEAPOLIS MN 55410	TIMOTHY SCHROM	RESIDENTIAL	$485,000	75 ft
5523 WASHBURN AVE S MINNEAPOLIS MN 55410	REGAN 5523 LLD	APARTMENT	$1,361,000	102 ft
5541 WASHBURN AVE S MINNEAPOLIS MN 55410	S B HOLM & E T SCHAFFER	RESIDENTIAL	$563,400	124 ft
5528 VINCENT AVE S MINNEAPOLIS MN 55410	PAUL J GLOUDEMANS	RESIDENTIAL	$336,000	143 ft
5532 VINCENT AVE S MINNEAPOLIS MN 55410	P STOKKELAND & K MOSER	RESIDENTIAL	$624,800	144 ft
5524 VINCENT AVE S MINNEAPOLIS MN 55410	ANDREA DOLAN & SEAN M DOLAN	RESIDENTIAL	$483,100	160 ft
5536 VINCENT AVE S MINNEAPOLIS MN 55410	RYAN FRASER	RESIDENTIAL	$573,800	160 ft
5545 WASHBURN AVE S MINNEAPOLIS MN 55410	C A LIND & A C LIND	RESIDENTIAL	$469,200	174 ft
5517 WASHBURN AVE S MINNEAPOLIS MN 55410	M T SOMERS & J M SOMERS	RESIDENTIAL	$528,900	177 ft
5520 VINCENT AVE S MINNEAPOLIS MN 55410	A MUSTAFAYEV & R MUSTAFAYEVA	RESIDENTIAL	$464,000	188 ft

Property History

Most Recent Sale

Date201909

Price$3,905,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$25,747