5029 2ND AVE S MINNEAPOLIS MN 55419

PID: 1502824420048

Property Overview

Parcel ID1502824420048

Lot Size10,740 sq ft (0.247 ac)

Lot Dimensions (est.)134 ft wide × 80 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerM R ANDERSON & L KELLY

Assessed Value$581,000

Land Value$202,000

Building Value$379,000

Annual Tax$9,244

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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 rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

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 width70 ft

Buildable depth94 ft

Area~6,595 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 6,595 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5035 2ND AVE S MINNEAPOLIS MN 55419	L K MORQUE & E M MORQUE	RESIDENTIAL	$677,000	80 ft
5019 2ND AVE S MINNEAPOLIS MN 55419	J E RUCKER III & S C RUCKER	RESIDENTIAL	$792,100	80 ft
5026 3RD AVE S MINNEAPOLIS MN 55419	M HOLDEM & A A HOLDEN	RESIDENTIAL	$629,900	134 ft
5034 3RD AVE S MINNEAPOLIS MN 55419	RICHARD P & SUSAN E MEWES	RESIDENTIAL	$611,700	155 ft
5011 2ND AVE S MINNEAPOLIS MN 55419	BRIAN P KARALUS	RESIDENTIAL	$729,300	160 ft
5045 2ND AVE S MINNEAPOLIS MN 55419	C CARPENTER & C LAWLER	RESIDENTIAL	$457,000	163 ft
5020 3RD AVE S MINNEAPOLIS MN 55419	JIM YOUNGBLUT & BRENDA ROTH	RESIDENTIAL	$1,170,000	164 ft
5042 3RD AVE S MINNEAPOLIS MN 55419	ANNE C SOTO	RESIDENTIAL	$634,200	210 ft
5010 3RD AVE S MINNEAPOLIS MN 55419	E FREESMEIER & D LEITER	RESIDENTIAL	$481,900	220 ft
5003 2ND AVE S MINNEAPOLIS MN 55419	MARIA GEIGLE & STAVEN BRUCE	RESIDENTIAL	$553,000	240 ft

Property History

Most Recent Sale

Date201811

Price$512,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,244