5724 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 2202824240111

Property Overview

Parcel ID2202824240111

Lot Size6,350 sq ft (0.146 ac)

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

Year Built1946

Property ClassRESIDENTIAL-TWO UNIT

OwnerPAUL E SCOTT

Assessed Value$426,300

Land Value$125,000

Building Value$301,300

Annual Tax$8,065

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

11 permits on record since 2018 · $49K total declared value · Most recent: Jan 2025 (existres)

ExistresJan 2025Closed

Pronto Heating & Air Conditioning Inc

ExistresJul 2024Closed

Pronto Heating & Air Conditioning Inc

MiscOct 2021Closed

$17K

ARDMOR CONSTRUCTION

ResMay 2021Closed

Weld and Sons Plumbing Inc

RemodelFeb 2021Closed

$15K

Paul Scott

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

Neighborhood Profile

Windom · Minneapolis

Median reported rent1,486/mo

Renter-occupied21.5%

Median home value$519K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1115

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

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth87 ft

Area~3,476 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 3-story wood frame (5–12 units) benchmarks for 3,476 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5720 NICOLLET AVE MINNEAPOLIS MN 55419	MOHAMMAD EL-SAWAF	RESIDENTIAL-TWO UNIT	$409,800	50 ft
5728 NICOLLET AVE MINNEAPOLIS MN 55419	MARY ANN OLSON TRUST	RESIDENTIAL-TWO UNIT	$397,900	50 ft
5716 NICOLLET AVE MINNEAPOLIS MN 55419	LEWIS BENEDICT	RESIDENTIAL-TWO UNIT	$480,800	100 ft
5732 NICOLLET AVE MINNEAPOLIS MN 55419	MARIAN TOLBERT	RESIDENTIAL-TWO UNIT	$376,500	105 ft
5729 BLAISDELL AVE MINNEAPOLIS MN 55419	ROY D FIELDER & WIFE	RESIDENTIAL	$356,400	142 ft
5725 BLAISDELL AVE MINNEAPOLIS MN 55419	AMANDA KEITH	RESIDENTIAL	$386,900	142 ft
5710 NICOLLET AVE MINNEAPOLIS MN 55419	PAMELA M HALL-CLEMENS	RESIDENTIAL-TWO UNIT	$385,900	150 ft
5733 BLAISDELL AVE MINNEAPOLIS MN 55419	COLE MICHAEL MULLINS	RESIDENTIAL	$419,300	156 ft
5719 BLAISDELL AVE MINNEAPOLIS MN 55419	D HAWKINSON & J HAWKINSON	RESIDENTIAL-TWO UNIT	$595,300	169 ft
5744 NICOLLET AVE MINNEAPOLIS MN 55419	JAMES T FRUSH	COMMERCIAL-PREFERRED	$460,000	178 ft

Property History

Most Recent Sale

Date201711

Price$318,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,065