531 PROSPECT AVE MINNEAPOLIS MN 55419

PID: 1502824320030

Property Overview

Parcel ID1502824320030

Lot Size7,094 sq ft (0.163 ac)

Lot Dimensions (est.)137 ft wide × 52 ft deep

Year Built1960

Property ClassRESIDENTIAL

OwnerBETHANEY KAYE & JOSHUA KAYE

Assessed Value$676,000

Land Value$313,000

Building Value$363,000

Annual Tax$11,040

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $45K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Final Inspection

$5K

Innovative Basement Authority

MiscSep 2023Closed

$34K

THE METAL ROOF COMPANY

MiscApr 2019Closed

$6K

CROSSROAD CONSTRUCTION INC

ResJan 2019Closed

Urban Pine Plumbing and Mechanical Inc

ResOct 2018Closed

Vito Mechanical Inc

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 width31 ft

Buildable depth133 ft

Area~3,962 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 3,962 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
525 PROSPECT AVE MINNEAPOLIS MN 55419	A S KLEVEN & J D KLEVEN	RESIDENTIAL	$710,300	69 ft
5116 HARRIET AVE MINNEAPOLIS MN 55419	RUTHANNE D STROHN	RESIDENTIAL	$959,500	103 ft
5124 HARRIET AVE MINNEAPOLIS MN 55419	LAURA MARTINI & KYLE BUZA	RESIDENTIAL	$1,156,300	128 ft
5112 HARRIET AVE MINNEAPOLIS MN 55419	B K ELLIOT & G A E KATZ	RESIDENTIAL	$703,100	131 ft
5103 GARFIELD AVE MINNEAPOLIS MN 55419	M MCCABE & C L MCCABE	RESIDENTIAL	$1,010,200	132 ft
515 PROSPECT AVE MINNEAPOLIS MN 55419	CHARLES & NANCIE NELSON TR	RESIDENTIAL	$652,000	145 ft
5130 HARRIET AVE MINNEAPOLIS MN 55419	W W BEEMAN & M B BATEMAN	RESIDENTIAL	$934,400	179 ft
5100 HARRIET AVE MINNEAPOLIS MN 55419	C D & H L JONES REVOCABLE TR	RESIDENTIAL	$1,198,000	180 ft
5065 GARFIELD AVE MINNEAPOLIS MN 55419	ERIN DANAHY LIVING TRUST	RESIDENTIAL	$757,900	189 ft
5111 GARFIELD AVE MINNEAPOLIS MN 55419	D BROWNLIE & C G BROWNLIE	RESIDENTIAL	$1,262,000	192 ft

Property History

Most Recent Sale

Date201711

Price$605,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,040