5041 1ST AVE S MINNEAPOLIS MN 55419

PID: 1502824420059

Property Overview

Parcel ID1502824420059

Lot Size7,751 sq ft (0.178 ac)

Lot Dimensions (est.)129 ft wide × 60 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerM C-Y WONG & E H WONG

Assessed Value$811,900

Land Value$251,000

Building Value$560,900

Annual Tax$13,611

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2020 · $12K total declared value · Most recent: Jun 2023 (misc)

MiscJun 2023Closed

$12K

KAUFMAN SHEET METAL ROOFING INC

ResApr 2020Closed

Urban Pine Plumbing and 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width116 ft

Buildable depth20 ft

Area~4,191 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 4,191 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
5033 1ST AVE S MINNEAPOLIS MN 55419	IAN FORD & COURTNEY FORD	RESIDENTIAL	$634,000	60 ft
5029 1ST AVE S MINNEAPOLIS MN 55419	S W TJOSSEM & C J TJOSSEM	RESIDENTIAL	$702,500	130 ft
114 51ST ST E MINNEAPOLIS MN 55419	AMY JO DENN	RESIDENTIAL	$708,200	144 ft
107 51ST ST E MINNEAPOLIS MN 55419	T M SKRYPEK & M M SKRYPEK	RESIDENTIAL	$722,300	154 ft
5030 STEVENS AVE MINNEAPOLIS MN 55419	D M BURKE & J M BURKE	RESIDENTIAL	$761,300	170 ft
101 51ST ST E MINNEAPOLIS MN 55419	PAUL D & JANE P BERGE	RESIDENTIAL	$602,400	179 ft
115 51ST ST E MINNEAPOLIS MN 55419	ANDREW COOKE & MARY E COOKE	RESIDENTIAL	$733,700	182 ft
5040 1ST AVE S MINNEAPOLIS MN 55419	EILEEN BEHA & RALPH BEHA TR	RESIDENTIAL	$1,076,000	190 ft
5032 1ST AVE S MINNEAPOLIS MN 55419	J M CAVANAUGH & R LEE	RESIDENTIAL	$932,100	209 ft
5019 1ST AVE S MINNEAPOLIS MN 55419	S J & D H NYSTROM	RESIDENTIAL	$859,800	210 ft

Property History

Most Recent Sale

Date202104

Price$725,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,611