5201 2ND AVE S MINNEAPOLIS MN 55419

PID: 1502824430030

Property Overview

Parcel ID1502824430030

Lot Size5,186 sq ft (0.119 ac)

Lot Dimensions (est.)128 ft wide × 41 ft deep

Year Built1931

Property ClassRESIDENTIAL

OwnerP E KLEIN & K M GROPP

Assessed Value$538,300

Land Value$150,000

Building Value$388,300

Annual Tax$8,436

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2020 · $25K total declared value · Most recent: Dec 2022 (existres)

ExistresDec 2022Closed

Standard Heating and Air Conditioning Inc

MiscJun 2020Closed

$25K

CROSSROAD CONSTRUCTION INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Page · 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

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 width115 ft

Buildable depth1 ft

Area~2,421 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 2,421 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5205 2ND AVE S MINNEAPOLIS MN 55419	BENJAMIN J WALKER	RESIDENTIAL	$506,000	51 ft
5209 2ND AVE S MINNEAPOLIS MN 55419	T & A LYNCH	RESIDENTIAL	$502,000	108 ft
200 LUVERNE AVE MINNEAPOLIS MN 55419	R H RYDLAND & R S RYDLAND	RESIDENTIAL	$853,000	142 ft
225 LUVERNE AVE MINNEAPOLIS MN 55419	JAMES K & JANICE A UTT TR	RESIDENTIAL	$573,000	142 ft
5204 3RD AVE S MINNEAPOLIS MN 55419	TRISHA LEE WILSON	RESIDENTIAL	$760,000	153 ft
5215 2ND AVE S MINNEAPOLIS MN 55419	MICHAEL L ZAMPINO ETAL	RESIDENTIAL	$498,000	158 ft
5208 3RD AVE S MINNEAPOLIS MN 55419	JOHN COATS & MICHAEL HAND	RESIDENTIAL	$579,000	177 ft
5217 2ND AVE S MINNEAPOLIS MN 55419	REED BAILEY & BRENDA BAILEY	RESIDENTIAL	$479,000	208 ft
5212 3RD AVE S MINNEAPOLIS MN 55419	J L BARBER & M D FLATTUM	RESIDENTIAL	$613,000	211 ft
300 PARKWAY CT MINNEAPOLIS MN 55419	JOHN ROBBINS & JANE ROBBINS	TOWNHOUSE	$342,400	250 ft

Property History

Most Recent Sale

Date200406

Price$366,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,436