5320 1ST AVE S MINNEAPOLIS MN 55419

PID: 1502824430037

Property Overview

Parcel ID1502824430037

Lot Size6,659 sq ft (0.153 ac)

Lot Dimensions (est.)145 ft wide × 46 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerPATRICK DOWD & TESSA STRACK

Assessed Value$526,700

Land Value$228,000

Building Value$298,700

Annual Tax$8,216

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 2021 · $14K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Closed

$14K

KAUFMAN SHEET METAL ROOFING INC

ExistresJul 2024Closed

Standard Heating and Air Conditioning Inc

ResApr 2024Expired

Warners Stellian Co Inc

ExistresJun 2021Closed

GV Heating and Air 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth93 ft

Area~3,616 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 3,616 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
5324 1ST AVE S MINNEAPOLIS MN 55419	JUSTIN R & ELAINE M N PEIK	RESIDENTIAL	$469,600	54 ft
5316 1ST AVE S MINNEAPOLIS MN 55419	J S EUE & R EUE	RESIDENTIAL	$558,100	60 ft
5328 1ST AVE S MINNEAPOLIS MN 55419	M S STILLMAN & M A SLAVIN	RESIDENTIAL	$483,400	109 ft
5312 1ST AVE S MINNEAPOLIS MN 55419	T W ANDERSON & J L ANDERSON	RESIDENTIAL	$653,700	127 ft
35 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	HARRY J KAISER/LEAH KAISER	RESIDENTIAL	$708,100	132 ft
41 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	D E OSLUND & M P OSLUND	RESIDENTIAL	$846,100	148 ft
5307 1ST AVE S MINNEAPOLIS MN 55419	R M WICHMANN & B H HANSON	RESIDENTIAL	$729,300	150 ft
25 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	TIMOTHY M DEAN & AMY S DEAN	RESIDENTIAL	$781,100	158 ft
5332 1ST AVE S MINNEAPOLIS MN 55419	M S IEZEK & T A BURGER	RESIDENTIAL	$494,000	166 ft
5317 1ST AVE S MINNEAPOLIS MN 55419	M MOYSKI & J FLAVIN	RESIDENTIAL	$560,900	166 ft

Property History

Most Recent Sale

Date202110

Price$565,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,216