611 5TH ST S E MINNEAPOLIS MN 55414

PID: 2402924230171

Property Overview

Parcel ID2402924230171

Lot Size10,989 sq ft (0.252 ac)

Lot Dimensions (est.)139 ft wide × 79 ft deep

Year Built1916

Property ClassCONDOMINIUM

OwnerRYAN GARRETT & RYAN KLATH

Assessed Value$508,000

Land Value$80,000

Building Value$428,000

Annual Tax$7,878

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

5 permits on record since 2017 · $58K total declared value · Most recent: Mar 2022 (res)

ResMar 2022Closed

Versant Plumbing Co

RemodelFeb 2022Closed

$40K

TREHUS BUILDERS INC

ExistresFeb 2022Closed

4Front Energy Solutions Inc

ComnofdbvFeb 2019Closed

Linn Star Transfer Inc

Commercial Multi-FamilyJun 2017Closed

$18K

UPTOWN PLUMBING HEATING AND COOLING

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 width56 ft

Buildable depth127 ft

Area~7,079 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 7,079 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
611 5TH ST S E MINNEAPOLIS MN 55414	ELIZABETH J KINSEY HAWLEY	CONDOMINIUM	$473,000	0 ft
MN	Unknown	—	—	0 ft
617 5TH ST S E MINNEAPOLIS MN 55414	M R RENNEBERG/K C RENNEBERG	RESIDENTIAL-TWO UNIT	$573,500	56 ft
MN	Unknown	—	—	86 ft
MN	Unknown	—	—	86 ft
601 5TH ST S E MINNEAPOLIS MN 55414	J E/L VANDER BROEK	TRIPLEX	$1,019,100	86 ft
MN	Unknown	—	—	86 ft
621 5TH ST S E MINNEAPOLIS MN 55414	JASON ANDREW ANDRIANO	RESIDENTIAL-TWO UNIT	$508,400	101 ft
510 6TH AVE S E MINNEAPOLIS MN 55414	T MYERS & A WETHINGTON	RESIDENTIAL	$447,800	102 ft
514 6TH AVE S E MINNEAPOLIS MN 55414	ELIZABETH L DILKS REVOC TR	RESIDENTIAL	$341,000	132 ft

Property History

Most Recent Sale

Date202003

Price$515,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,878