5616 BLOOMINGTON AVE MINNEAPOLIS MN 55417

PID: 2302824130007

Property Overview

Parcel ID2302824130007

Lot Size6,403 sq ft (0.147 ac)

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

Year Built1938

Property ClassRESIDENTIAL

OwnerMEGAN GANNON & DEREK LEE

Assessed Value$516,800

Land Value$216,000

Building Value$300,800

Annual Tax$8,029

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $40K total declared value · Most recent: May 2023 (existres)

ExistresMay 2023Expired

Standard Heating and Air Conditioning Inc

ExistresDec 2022Expired

Standard Heating and Air Conditioning Inc

ResAug 2019Closed

Larson Plumbing Inc

RemodelJun 2019Closed

$40K

KITCHENS MADE SIMPLE

ResSep 2018Closed

Hearth and Home Technologies LLC

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

Neighborhood Profile

Minneapolis

Median reported rent1,798/mo

Renter-occupied6.8%

Median home value$416K

Vacancy rate0.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 117.04

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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 depth88 ft

Area~3,521 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 3,521 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
5612 BLOOMINGTON AVE MINNEAPOLIS MN 55417	P HATHAWAY & A HATHAWAY	RESIDENTIAL	$639,000	50 ft
5620 BLOOMINGTON AVE MINNEAPOLIS MN 55417	STEPHANIE A STEEL	RESIDENTIAL	$481,000	50 ft
5608 BLOOMINGTON AVE MINNEAPOLIS MN 55417	ALLESANDRO BARBAGALLO	RESIDENTIAL	$445,900	100 ft
5624 BLOOMINGTON AVE MINNEAPOLIS MN 55417	J A MCFARLAND & A MCFARLAND	RESIDENTIAL	$554,600	100 ft
5617 15TH AVE S MINNEAPOLIS MN 55417	DOUGLAS M DUTY	RESIDENTIAL	$358,400	142 ft
5615 15TH AVE S MINNEAPOLIS MN 55417	MAXINE M KLEIN	RESIDENTIAL	$410,200	149 ft
5604 BLOOMINGTON AVE MINNEAPOLIS MN 55417	AUGUSTA LLC	RESIDENTIAL	$482,600	150 ft
5628 BLOOMINGTON AVE MINNEAPOLIS MN 55417	LINDA L NIELSEN ET AL JT TR	RESIDENTIAL	$571,200	150 ft
5621 15TH AVE S MINNEAPOLIS MN 55417	C STERMER & S M MCLEAN	RESIDENTIAL	$608,700	151 ft
5609 15TH AVE S MINNEAPOLIS MN 55417	KEVIN REHDER & ARA REHDER	RESIDENTIAL	$549,800	172 ft

Property History

Most Recent Sale

Date201805

Price$400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,029