317 5TH AVE S E MINNEAPOLIS MN 55414

PID: 2302924140077

Property Overview

Parcel ID2302924140077

Lot Size7,891 sq ft (0.181 ac)

Lot Dimensions (est.)145 ft wide × 54 ft deep

Year Built1907

Property ClassRESIDENTIAL-TWO UNIT

OwnerMAAMUS REAL ESTATE LLC

Assessed Value$475,500

Land Value$186,000

Building Value$289,500

Annual Tax$9,030

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

1 permit on record since 2022 · Most recent: May 2022 (res)

ResMay 2022Closed

AQUARIUS HOME SERVICES

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

Neighborhood Profile

Marcy Holmes · Minneapolis

Median reported rent1,222/mo

Renter-occupied80.8%

Median home value$377K

Vacancy rate3.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1037

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width49 ft

Buildable depth94 ft

Area~4,589 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 4,589 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
311 5TH AVE S E MINNEAPOLIS MN 55414	GOGOPHER RENTALS LLC	RESIDENTIAL	$455,100	66 ft
428 4TH ST S E MINNEAPOLIS MN 55414	JOHN R PEMBLE	RESIDENTIAL	$334,800	84 ft
432 4TH ST S E MINNEAPOLIS MN 55414	EBULLIENT INVESTMENTS LLC	APARTMENT	$639,000	89 ft
424 4TH ST S E MINNEAPOLIS MN 55414	MANOUCHER ROSTAMKHANI	RESIDENTIAL	$292,700	97 ft
425 UNIVERSITY AVE S E MINNEAPOLIS MN 55414	LIVE CLOSE II LLC	APARTMENT	$2,302,000	104 ft
307 5TH AVE S E MINNEAPOLIS MN 55414	GOGOPHER RENTALS LLC	RESIDENTIAL	$348,400	117 ft
422 4TH ST S E MINNEAPOLIS MN 55414	SCOTT M JOHNSON	RESIDENTIAL-TWO UNIT	$351,300	118 ft
420 4TH ST S E MINNEAPOLIS MN 55414	GOPHER INVESTMENT LLC	RESIDENTIAL	$360,500	134 ft
419 UNIVERSITY AVE S E MINNEAPOLIS MN 55414	419 UNIVERSITY AVE SE L L C	RESIDENTIAL	$325,800	160 ft
301 5TH AVE S E MINNEAPOLIS MN 55414	GOGOPHER RENTALS LLC	RESIDENTIAL-TWO UNIT	$478,700	171 ft

Property History

Most Recent Sale

Date202310

Price$650,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,030