516 6TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924230063

Property Overview

Parcel ID2402924230063

Lot Size5,769 sq ft (0.132 ac)

Lot Dimensions (est.)115 ft wide × 50 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerDYLAN ADAMS & KRISTA ADAMS

Assessed Value$652,000

Land Value$163,000

Building Value$489,000

Annual Tax$10,627

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — Fifth Street SE

Development Opportunities

Historic district — Fifth Street SEHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

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

Permit History

3 permits on record since 2019 · $13K total declared value · Most recent: Sep 2023 (res)

ResSep 2023Expired

Cities 1 Plumbing and Heating Inc

RemodelAug 2023Closed

$13K

GREAT LAKES WINDOW AND SIDING CO

ResJun 2019Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Marcy Holmes · Minneapolis

Median reported rent1,144/mo

Renter-occupied96.6%

Median home value—

Vacancy rate12.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 38.01

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

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 width48 ft

Buildable depth59 ft

Area~2,855 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 2,855 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
514 6TH AVE S E MINNEAPOLIS MN 55414	ELIZABETH L DILKS REVOC TR	RESIDENTIAL	$341,000	50 ft
528 6TH AVE S E MINNEAPOLIS MN 55414	R L LUEDTKE & M J LUEDTKE TR	RESIDENTIAL	$497,700	62 ft
610 6TH ST S E MINNEAPOLIS MN 55414	LAURICE JAMIESON	RESIDENTIAL	$459,400	75 ft
510 6TH AVE S E MINNEAPOLIS MN 55414	T MYERS & A WETHINGTON	RESIDENTIAL	$447,800	93 ft
616 6TH ST S E MINNEAPOLIS MN 55414	P D LUNDQUIST & M J MERRILL	RESIDENTIAL	$664,000	125 ft
611 5TH ST S E MINNEAPOLIS MN 55414	ELIZABETH J KINSEY HAWLEY	CONDOMINIUM	$473,000	174 ft
611 5TH ST S E MINNEAPOLIS MN 55414	RYAN GARRETT & RYAN KLATH	CONDOMINIUM	$508,000	174 ft
MN	Unknown	—	—	174 ft
MN	Unknown	—	—	176 ft
MN	Unknown	—	—	176 ft

Property History

Most Recent Sale

Date202503

Price$535,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,627