2123 5TH ST S MINNEAPOLIS MN 55454

PID: 2502924310025

Property Overview

Parcel ID2502924310025

Lot Size5,520 sq ft (0.127 ac)

Lot Dimensions (est.)44 ft wide × 124 ft deep

Year Built0

Property ClassLAND-COMMERCIAL

OwnerREGENTS OF UNIV OF MINN

Assessed Value$0

Land Value$0

Building Value$0

Annual Tax$0

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Cedar Riverside · Minneapolis

Median reported rent1,127/mo

Renter-occupied75.6%

Median home value$151K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1048.02

Market Snapshot

Zip code 55454

Median sale price$120K-48.7% YoY

Median price / sqft$79/sqft

Median days to close276 days

Active listings13

Source: Redfin Data Center (Invalid Date) · Zip 55454

Zoning

RM3Residence and Institutional

Residential Mixed-Use 3 — higher-density mixed residential

Typical Uses

·High-density apartments
·Mixed-use buildings
·Ground-floor retail

Max Height95 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width34 ft

Buildable depth85 ft

Area~2,904 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2129 5TH ST S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	33 ft
2119 5TH ST S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	47 ft
2131 5TH ST S MINNEAPOLIS MN 55454	U OF MINN	LAND-COMMERCIAL	$0	55 ft
2127 5TH ST S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	81 ft
2117 5TH ST S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	92 ft
510 22ND AVE S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	105 ft
2113 5TH ST S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	122 ft
512 22ND AVE S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	130 ft
2128 5TH ST S MINNEAPOLIS MN 55454	STATE OF MINN	LAND-COMMERCIAL	$0	149 ft
514 22ND AVE S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	159 ft

Property History

Current Tax Year

Year2026

Tax Due$0