5022 1ST AVE S MINNEAPOLIS MN 55419

PID: 1502824420067

Property Overview

Parcel ID1502824420067

Lot Size10,474 sq ft (0.240 ac)

Lot Dimensions (est.)131 ft wide × 80 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerLISA A RYDLAND

Assessed Value$625,800

Land Value$281,000

Building Value$344,800

Annual Tax$10,091

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

4 permits on record since 2017 · $10K total declared value · Most recent: Jul 2022 (misc)

MiscJul 2022Closed

$1K

CROSSROAD CONSTRUCTION INC

ResFeb 2020Closed

Lisa A Schultz

RemodelOct 2018Closed

$9K

Lisa A Schultz

ResJan 2017Closed

CENTERPOINT ENERGY

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 width70 ft

Buildable depth91 ft

Area~6,364 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 6,364 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5014 1ST AVE S MINNEAPOLIS MN 55419	R T STUERMAN & A M STUERMAN	RESIDENTIAL	$607,000	80 ft
5032 1ST AVE S MINNEAPOLIS MN 55419	J M CAVANAUGH & R LEE	RESIDENTIAL	$932,100	80 ft
5037 NICOLLET AVE MINNEAPOLIS MN 55419	CAPGROW HLDGS JV SUB VI LLC	RESIDENTIAL-TWO UNIT	$426,800	131 ft
5033 NICOLLET AVE MINNEAPOLIS MN 55419	BEVERLY S HARDY	RESIDENTIAL-TWO UNIT	$515,200	137 ft
5041 NICOLLET AVE MINNEAPOLIS MN 55419	ERIC M PETERSON REV TRUST	RESIDENTIAL-TWO UNIT	$521,000	143 ft
5027 NICOLLET AVE MINNEAPOLIS MN 55419	STEVEN HOLZEMER	RESIDENTIAL	$341,000	158 ft
5040 1ST AVE S MINNEAPOLIS MN 55419	EILEEN BEHA & RALPH BEHA TR	RESIDENTIAL	$1,076,000	160 ft
5047 NICOLLET AVE MINNEAPOLIS MN 55419	LAURIE E NOVAK	RESIDENTIAL	$310,000	169 ft
5006 1ST AVE S MINNEAPOLIS MN 55419	R N & E C LINDBERG	RESIDENTIAL	$1,175,100	180 ft
5021 NICOLLET AVE MINNEAPOLIS MN 55419	RYNE M VAN HORN	RESIDENTIAL	$307,400	191 ft

Property History

Most Recent Sale

Date199808

Price$160,000

Type—

Current Tax Year

Year2026

Tax Due$10,091