2900 5TH AVE S MINNEAPOLIS MN 55408

PID: 3402924440084

Property Overview

Parcel ID3402924440084

Lot Size45,453 sq ft (1.043 ac)

Lot Dimensions (est.)270 ft wide × 169 ft deep

Year Built1946

Property ClassINDUSTRIAL-PREFERRED

OwnerSHAMROCK GROUP LLC

Assessed Value$2,900,000

Land Value$682,600

Building Value$2,217,400

Annual Tax$102,869

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Phillips West · Minneapolis

Median reported rent808/mo

Renter-occupied84.8%

Median home value$226K

Vacancy rate8.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1260

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

Zoning

CM2Corridor Mixed Use

Property History

Current Tax Year

Year2026

Tax Due$102,869

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2917 4TH AVE S MINNEAPOLIS MN 55408	NO STAR MINI-STORAGE MPLS LP	LAND - INDUSTRIAL	$259,300	164 ft
2843 4TH AVE S MINNEAPOLIS MN 55408	HENNEPIN CO REGIONAL RR AUTH	LAND-COMMERCIAL	$0	174 ft
2928 5TH AVE S MINNEAPOLIS MN 55408	NO STAR MINI-STORAGE MPLS LP	COMMERCIAL-PREFERRED	$450,000	182 ft
2909 5TH AVE S MINNEAPOLIS MN 55408	VERIZON WIRELESS (VAW) LLC	LAND-COMMERCIAL	$276,800	254 ft
2905 5TH AVE S MINNEAPOLIS MN 55408	VERIZON WIRELESS (VAW) LLC	LAND-COMMERCIAL	$76,800	254 ft
2915 5TH AVE S MINNEAPOLIS MN 55408	PEDER TRELSTAD	RESIDENTIAL	$168,400	260 ft
2901 5TH AVE S MINNEAPOLIS MN 55408	VERIZON WIRELESS (VAW) LLC	LAND-COMMERCIAL	$245,700	262 ft
2917 5TH AVE S MINNEAPOLIS MN 55408	JENNIFER L GILREATH	RESIDENTIAL	$199,000	273 ft
2929 4TH AVE S MINNEAPOLIS MN 55408	NO STAR MINI-STORAGE MPLS LP	COMMERCIAL-PREFERRED	$815,000	282 ft
2839 4TH AVE S MINNEAPOLIS MN 55408	URBN VENTURES LDRSHP FNDTION	LAND-COMMERCIAL	$0	286 ft