5006 1ST AVE S MINNEAPOLIS MN 55419

PID: 1502824420065

Property Overview

Parcel ID1502824420065

Lot Size15,684 sq ft (0.360 ac)

Lot Dimensions (est.)131 ft wide × 120 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerR N & E C LINDBERG

Assessed Value$1,175,100

Land Value$333,000

Building Value$842,100

Annual Tax$20,482

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

8 permits on record since 2019 · $154K total declared value · Most recent: May 2025 (misc)

MiscMay 2025Closed

$40K

SELA ROOFING AND REMODELING INC

MiscSep 2024Closed

$17K

SCHERER BROTHERS LUMBER CO

MiscJan 2024Closed

$16K

SCHERER BROTHERS LUMBER CO

RemodelFeb 2023Expired

$43K

DBS RESIDENTIAL SOLUTIONS INC

MiscMay 2021Closed

$18K

SCHERER BROTHERS LUMBER CO

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth91 ft

Area~9,977 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 small multifamily (2–4 units, wood frame) benchmarks for 9,977 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5000 1ST AVE S MINNEAPOLIS MN 55419	RANDY MILLER	RESIDENTIAL	$686,600	96 ft
5014 1ST AVE S MINNEAPOLIS MN 55419	R T STUERMAN & A M STUERMAN	RESIDENTIAL	$607,000	100 ft
5015 NICOLLET AVE MINNEAPOLIS MN 55419	MICHELE ZAVORAL	RESIDENTIAL	$335,300	131 ft
5021 NICOLLET AVE MINNEAPOLIS MN 55419	RYNE M VAN HORN	RESIDENTIAL	$307,400	137 ft
5009 NICOLLET AVE MINNEAPOLIS MN 55419	STEPHEN K GRIESGRABER	RESIDENTIAL	$341,000	144 ft
5027 NICOLLET AVE MINNEAPOLIS MN 55419	STEVEN HOLZEMER	RESIDENTIAL	$341,000	159 ft
25 50TH ST E MINNEAPOLIS MN 55419	CHRISTOPHER G GRAN LIVING TR	RESIDENTIAL	$753,600	169 ft
11 50TH ST E MINNEAPOLIS MN 55419	SCOTT ARBESFELD	RESIDENTIAL	$452,900	175 ft
5022 1ST AVE S MINNEAPOLIS MN 55419	LISA A RYDLAND	RESIDENTIAL	$625,800	180 ft
5003 1ST AVE S MINNEAPOLIS MN 55419	DAVID J & ANGEL R PAULSON	RESIDENTIAL	$849,300	191 ft

Property History

Most Recent Sale

Date199110

Price$275,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$20,482