Property Overview

Parcel ID1611721340340

Lot Size43,274 sq ft (0.993 ac)

Lot Dimensions (est.)333 ft wide × 130 ft deep

Year Built2012

Property ClassAPARTMENT

OwnerADAGIO APARTMENTS LLC

Assessed Value$21,000,000

Land Value$2,000,000

Building Value$19,000,000

Annual Tax$369,291

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,681/mo

Renter-occupied50.8%

Median home value$364K

Vacancy rate7.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 230

Market Snapshot

Zip code 55416

Median sale price$395K-8.1% YoY

Median price / sqft$246/sqft

Median days to close46 days

Active listings89

Source: Redfin Data Center (Invalid Date) · Zip 55416

Zoning

Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.

Property History

Most Recent Sale

Date201202

Price$4,843,986

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$369,291

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
5650 36TH ST W ST. LOUIS PARK MN 55416	UNION LAND II LLC	CONDO GARAGE/MISCELLANEOUS	$400	146 ft
5650 36TH ST W ST. LOUIS PARK MN 55416	UNION LAND II LLC	CONDO GARAGE/MISCELLANEOUS	$400	146 ft
5650 36TH ST W ST. LOUIS PARK MN 55416	UNION LAND II LLC	CONDO GARAGE/MISCELLANEOUS	$400	146 ft
5650 36TH ST W ST. LOUIS PARK MN 55416	UNION LAND II LLC	CONDO GARAGE/MISCELLANEOUS	$400	146 ft
5650 36TH ST W ST. LOUIS PARK MN 55416	UNION LAND II LLC	CONDO GARAGE/MISCELLANEOUS	$400	146 ft
5650 36TH ST W ST. LOUIS PARK MN 55416	UNION LAND II LLC	CONDO GARAGE/MISCELLANEOUS	$400	146 ft
5650 36TH ST W ST. LOUIS PARK MN 55416	UNION LAND II LLC	CONDO GARAGE/MISCELLANEOUS	$400	146 ft
5650 36TH ST W ST. LOUIS PARK MN 55416	UNION LAND II LLC	CONDO GARAGE/MISCELLANEOUS	$400	146 ft
5650 36TH ST W ST. LOUIS PARK MN 55416	UNION LAND II LLC	CONDO GARAGE/MISCELLANEOUS	$400	146 ft
5650 36TH ST W ST. LOUIS PARK MN 55416	UNION LAND II LLC	CONDO GARAGE/MISCELLANEOUS	$400	146 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": zoning. See README for details on which sources are live vs. stubbed.