5728 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 2202824240112

Property Overview

Parcel ID2202824240112

Lot Size6,350 sq ft (0.146 ac)

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

Year Built1946

Property ClassRESIDENTIAL-TWO UNIT

OwnerMARY ANN OLSON TRUST

Assessed Value$397,900

Land Value$125,000

Building Value$272,900

Annual Tax$7,527

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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
5724 NICOLLET AVE MINNEAPOLIS MN 55419	PAUL E SCOTT	RESIDENTIAL-TWO UNIT	$426,300	50 ft
5732 NICOLLET AVE MINNEAPOLIS MN 55419	MARIAN TOLBERT	RESIDENTIAL-TWO UNIT	$376,500	55 ft
5720 NICOLLET AVE MINNEAPOLIS MN 55419	MOHAMMAD EL-SAWAF	RESIDENTIAL-TWO UNIT	$409,800	100 ft
5744 NICOLLET AVE MINNEAPOLIS MN 55419	JAMES T FRUSH	COMMERCIAL-PREFERRED	$460,000	128 ft
5733 BLAISDELL AVE MINNEAPOLIS MN 55419	COLE MICHAEL MULLINS	RESIDENTIAL	$419,300	141 ft
5729 BLAISDELL AVE MINNEAPOLIS MN 55419	ROY D FIELDER & WIFE	RESIDENTIAL	$356,400	143 ft
5716 NICOLLET AVE MINNEAPOLIS MN 55419	LEWIS BENEDICT	RESIDENTIAL-TWO UNIT	$480,800	151 ft
5737 BLAISDELL AVE MINNEAPOLIS MN 55419	A S WALKER & M J WALKER	RESIDENTIAL	$402,600	154 ft
5725 BLAISDELL AVE MINNEAPOLIS MN 55419	AMANDA KEITH	RESIDENTIAL	$386,900	159 ft
5741 BLAISDELL AVE MINNEAPOLIS MN 55419	MALGORZATA MARJANSKA	RESIDENTIAL	$428,000	178 ft

Property History

Most Recent Sale

Date200008

Price$167,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,527