5 WASHBURN AVE S MINNEAPOLIS MN 55405

PID: 2902924120100

Property Overview

Parcel ID2902924120100

Lot Size8,772 sq ft (0.201 ac)

Lot Dimensions (est.)135 ft wide × 65 ft deep

Year Built2007

Property ClassRESIDENTIAL

OwnerJ L GALLO & S M GALLO

Assessed Value$826,800

Land Value$250,000

Building Value$576,800

Annual Tax$13,884

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2007 · $804K total declared value · Most recent: Aug 2022 (remodel)

RemodelAug 2022Closed

$5K

ALL ENERGY SOLAR INC

AdditionSep 2018Closed

$29K

JK CARPENTRY LLC

BinbMar 2007

$771K

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

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

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width122 ft

Buildable depth25 ft

Area~4,934 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 4,934 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
9 WASHBURN AVE S MINNEAPOLIS MN 55405	C RYAN & A P ONDRACHEK	RESIDENTIAL	$945,000	62 ft
2811 CHESTNUT AVE W MINNEAPOLIS MN 55405	STEPHEN M BRYAN	RESIDENTIAL	$313,500	101 ft
216 WASHBURN AVE N MINNEAPOLIS MN 55405	ANDREW BELL & STEPHANIE BELL	RESIDENTIAL	$418,300	118 ft
17 WASHBURN AVE S MINNEAPOLIS MN 55405	AARON KOMO & ERIC KOMO	RESIDENTIAL	$664,000	119 ft
8 VINCENT AVE S MINNEAPOLIS MN 55405	GRANT JORDAN-TAYLOR ET AL	RESIDENTIAL	$460,100	144 ft
12 VINCENT AVE S MINNEAPOLIS MN 55405	A F LOHSE & N J KIMBLE	RESIDENTIAL	$403,700	167 ft
220 WASHBURN AVE N MINNEAPOLIS MN 55405	WINSTON WILDEBUSH	RESIDENTIAL	$409,200	168 ft
4 VINCENT AVE S MINNEAPOLIS MN 55405	KELLY JEAN THIESSE	RESIDENTIAL	$457,700	168 ft
21 WASHBURN AVE S MINNEAPOLIS MN 55405	BRIDGETTE FISCHER	RESIDENTIAL	$472,500	169 ft
211 VINCENT AVE N MINNEAPOLIS MN 55405	G P DALEN & L EBERTOWSKI	RESIDENTIAL	$359,000	182 ft

Property History

Most Recent Sale

Date200605

Price$200,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,884