525 PROSPECT AVE MINNEAPOLIS MN 55419

PID: 1502824320016

Property Overview

Parcel ID1502824320016

Lot Size8,324 sq ft (0.191 ac)

Lot Dimensions (est.)123 ft wide × 68 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerA S KLEVEN & J D KLEVEN

Assessed Value$710,300

Land Value$333,000

Building Value$377,300

Annual Tax$11,689

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2018 · $162K total declared value · Most recent: Jul 2025 (existres)

ExistresJul 2025Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResJul 2022Closed

Warners Stellian Co Inc

ExistresJan 2020Closed

Erickson Plumbing Heating Cooling Inc

MiscOct 2019Closed

$12K

CROSSROAD CONSTRUCTION INC

ExistresDec 2018Closed

Farr Plumbing and Heating LLC

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

Neighborhood Profile

Tangletown · Minneapolis

Median reported rent1,486/mo

Renter-occupied21.5%

Median home value$519K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1115

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width66 ft

Buildable depth70 ft

Area~4,608 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 sfr / adu benchmarks for 4,608 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
531 PROSPECT AVE MINNEAPOLIS MN 55419	BETHANEY KAYE & JOSHUA KAYE	RESIDENTIAL	$676,000	69 ft
515 PROSPECT AVE MINNEAPOLIS MN 55419	CHARLES & NANCIE NELSON TR	RESIDENTIAL	$652,000	77 ft
5112 HARRIET AVE MINNEAPOLIS MN 55419	B K ELLIOT & G A E KATZ	RESIDENTIAL	$703,100	112 ft
5100 HARRIET AVE MINNEAPOLIS MN 55419	C D & H L JONES REVOCABLE TR	RESIDENTIAL	$1,198,000	129 ft
5116 HARRIET AVE MINNEAPOLIS MN 55419	RUTHANNE D STROHN	RESIDENTIAL	$959,500	137 ft
5065 GARFIELD AVE MINNEAPOLIS MN 55419	ERIN DANAHY LIVING TRUST	RESIDENTIAL	$757,900	160 ft
5061 GARFIELD AVE MINNEAPOLIS MN 55419	MICHELLE W & TANNER W HANSON	RESIDENTIAL	$588,000	165 ft
5103 GARFIELD AVE MINNEAPOLIS MN 55419	M MCCABE & C L MCCABE	RESIDENTIAL	$1,010,200	167 ft
5057 GARFIELD AVE MINNEAPOLIS MN 55419	JENNIFER MCFADYEN TRUST	RESIDENTIAL	$491,000	180 ft
5124 HARRIET AVE MINNEAPOLIS MN 55419	LAURA MARTINI & KYLE BUZA	RESIDENTIAL	$1,156,300	186 ft

Property History

Most Recent Sale

Date201205

Price$360,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,689