5029 1ST AVE S MINNEAPOLIS MN 55419

PID: 1502824420061

Property Overview

Parcel ID1502824420061

Lot Size10,322 sq ft (0.237 ac)

Lot Dimensions (est.)129 ft wide × 80 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerS W TJOSSEM & C J TJOSSEM

Assessed Value$702,500

Land Value$281,000

Building Value$421,500

Annual Tax$11,541

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

3 permits on record since 2020 · $64K total declared value · Most recent: Nov 2025 (existres)

ExistresNov 2025Inspection

BONFES PLUMBING HEATING AND AIR SERVICE INC

MiscOct 2024Final Inspection

$57K

RENEWAL BY ANDERSEN CORP

MiscSep 2020Closed

$7K

Options Exteriors

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 width70 ft

Buildable depth89 ft

Area~6,231 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 6,231 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
5033 1ST AVE S MINNEAPOLIS MN 55419	IAN FORD & COURTNEY FORD	RESIDENTIAL	$634,000	70 ft
5019 1ST AVE S MINNEAPOLIS MN 55419	S J & D H NYSTROM	RESIDENTIAL	$859,800	80 ft
5041 1ST AVE S MINNEAPOLIS MN 55419	M C-Y WONG & E H WONG	RESIDENTIAL	$811,900	130 ft
5022 STEVENS AVE MINNEAPOLIS MN 55419	ANTHONY & JENNIFER THOMPSON	RESIDENTIAL	$601,600	146 ft
5030 STEVENS AVE MINNEAPOLIS MN 55419	D M BURKE & J M BURKE	RESIDENTIAL	$761,300	148 ft
5015 1ST AVE S MINNEAPOLIS MN 55419	M SCHOECH & B SCHOECH	RESIDENTIAL	$980,000	160 ft
5016 STEVENS AVE MINNEAPOLIS MN 55419	N NEIBERGALL & N DAVIS	RESIDENTIAL	$681,700	170 ft
114 51ST ST E MINNEAPOLIS MN 55419	AMY JO DENN	RESIDENTIAL	$708,200	185 ft
5022 1ST AVE S MINNEAPOLIS MN 55419	LISA A RYDLAND	RESIDENTIAL	$625,800	193 ft
5032 1ST AVE S MINNEAPOLIS MN 55419	J M CAVANAUGH & R LEE	RESIDENTIAL	$932,100	195 ft

Property History

Most Recent Sale

Date199808

Price$270,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,541