2005 UPTON AVE S MINNEAPOLIS MN 55405

PID: 3202924120030

Property Overview

Parcel ID3202924120030

Lot Size4,854 sq ft (0.111 ac)

Lot Dimensions (est.)143 ft wide × 34 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMATTHEW J NELSON

Assessed Value$458,000

Land Value$307,000

Building Value$151,000

Annual Tax$7,063

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2021 · $11K total declared value · Most recent: May 2025 (res)

ResMay 2025Inspection

APOLLO HEATING AND AIR

ResJan 2024Closed

CenterPoint Energy Resource Corp

MiscSep 2023Closed

$11K

ARKO EXTERIORS INC

ExistresDec 2021Closed

Standard Heating and Air Conditioning Inc

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

Neighborhood Profile

Kenwood · Minneapolis

Median reported rent1,749/mo

Renter-occupied47.2%

Median home value$827K

Vacancy rate7.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1065

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width25 ft

Buildable depth99 ft

Area~2,461 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 2,461 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2009 UPTON AVE S MINNEAPOLIS MN 55405	E N NELSON & M NELSON	RESIDENTIAL	$832,900	34 ft
2001 UPTON AVE S MINNEAPOLIS MN 55405	S DENMAN & J A GRINSFELDER	RESIDENTIAL	$934,300	53 ft
2011 UPTON AVE S MINNEAPOLIS MN 55405	YVONNE M HAIK	RESIDENTIAL	$373,000	66 ft
2015 UPTON AVE S MINNEAPOLIS MN 55405	J J HANSON & M M COPPERUD TR	RESIDENTIAL	$767,000	103 ft
2021 UPTON AVE S MINNEAPOLIS MN 55405	KIM BARTMANN	RESIDENTIAL	$1,014,600	153 ft
2626 21ST ST W MINNEAPOLIS MN 55405	MPLS PARK & REC BOARD	LAND-COMMERCIAL	$0	201 ft
2031 UPTON AVE S MINNEAPOLIS MN 55405	CITY OF MPLS PARK BOARD	VACANT LAND-RESIDENTIAL	$0	243 ft
2012 THOMAS AVE S MINNEAPOLIS MN 55405	METROPOLITAN COUNCIL	LAND-COMMERCIAL	$0	247 ft
2519 FRANKLIN AVE W MINNEAPOLIS MN 55405	ERIN E & JOSEPH C GILSON	RESIDENTIAL	$620,200	367 ft
2043 UPTON AVE S MINNEAPOLIS MN 55405	MPLS PARK BOARD	VACANT LAND-RESIDENTIAL	$0	370 ft

Property History

Most Recent Sale

Date201203

Price$247,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,063