5436 3RD AVE S MINNEAPOLIS MN 55419

PID: 2202824120051

Property Overview

Parcel ID2202824120051

Lot Size6,478 sq ft (0.149 ac)

Lot Dimensions (est.)129 ft wide × 50 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerGEORGE MUTUMA/SHELLA TREON

Assessed Value$584,000

Land Value$210,000

Building Value$374,000

Annual Tax$9,300

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Page · Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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 width40 ft

Buildable depth90 ft

Area~3,581 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 3,581 sqft buildable area.

Est. units

Yield on cost

1.9%

Spread

-3.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5432 3RD AVE S MINNEAPOLIS MN 55419	AARON FIELDS/KATHLEEN FIELDS	RESIDENTIAL	$672,000	50 ft
5440 3RD AVE S MINNEAPOLIS MN 55419	G T RICHARDSON/R RICHARDSON	RESIDENTIAL	$541,100	50 ft
5428 3RD AVE S MINNEAPOLIS MN 55419	KELLY HAMMER	RESIDENTIAL	$507,000	100 ft
5446 3RD AVE S MINNEAPOLIS MN 55419	MARGARET MARY ANN FLYNN	RESIDENTIAL	$485,000	104 ft
5449 2ND AVE S MINNEAPOLIS MN 55419	RAFAEL BRITO & F OLIVEIRA	RESIDENTIAL	$473,000	143 ft
5424 3RD AVE S MINNEAPOLIS MN 55419	LOYCE M O'SHEA	RESIDENTIAL	$531,800	150 ft
5433 2ND AVE S MINNEAPOLIS MN 55419	JOSEPH ALAN DEZURIK	RESIDENTIAL	$423,200	152 ft
212 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	SUPERIOR FINANCING INC	RESIDENTIAL	$586,200	155 ft
5429 2ND AVE S MINNEAPOLIS MN 55419	P J THILLEN & C THILLEN	RESIDENTIAL	$459,300	174 ft
300 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	JORDANA NOEL ALLARD	RESIDENTIAL	$539,400	188 ft

Property History

Most Recent Sale

Date202112

Price$490,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,300