5429 COLUMBUS AVE MINNEAPOLIS MN 55417

PID: 2302824220016

Property Overview

Parcel ID2302824220016

Lot Size6,199 sq ft (0.142 ac)

Lot Dimensions (est.)124 ft wide × 50 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerS FRISBIE & J FRISBIE

Assessed Value$551,000

Land Value$168,000

Building Value$383,000

Annual Tax$8,969

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

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 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth84 ft

Area~3,357 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 small multifamily (2–4 units, wood frame) benchmarks for 3,357 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5433 COLUMBUS AVE MINNEAPOLIS MN 55417	J HOWARD & E POMROY	RESIDENTIAL	$465,600	50 ft
5425 COLUMBUS AVE MINNEAPOLIS MN 55417	KRISTIN ZWILLING PERRY	RESIDENTIAL	$610,000	50 ft
5437 COLUMBUS AVE MINNEAPOLIS MN 55417	ALYSSA R BISEN/VIVEK BISEN	RESIDENTIAL	$405,000	100 ft
5421 COLUMBUS AVE MINNEAPOLIS MN 55417	ALAN KARL ANTHONY D'SOUZA	RESIDENTIAL	$380,800	100 ft
5428 CHICAGO AVE MINNEAPOLIS MN 55417	D J ALTENBURG/N K ALTENBURG	RESIDENTIAL-TWO UNIT	$434,200	137 ft
5432 CHICAGO AVE MINNEAPOLIS MN 55417	ALYSSA RIEBE & JEFFREY RIEBE	RESIDENTIAL	$325,000	145 ft
5424 CHICAGO AVE MINNEAPOLIS MN 55417	CHICAGO YELLOW DOOR LLC	RESIDENTIAL	$433,300	147 ft
5441 COLUMBUS AVE MINNEAPOLIS MN 55417	DAWN BARTL & GARY MILNE	RESIDENTIAL	$596,000	150 ft
5417 COLUMBUS AVE MINNEAPOLIS MN 55417	E D CORNETT & D S L CORNETT	RESIDENTIAL	$371,000	150 ft
5436 CHICAGO AVE MINNEAPOLIS MN 55417	J S PETERSON/K L PETERSON	RESIDENTIAL	$466,100	168 ft

Property History

Most Recent Sale

Date199405

Price$114,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,969