5307 1ST AVE S MINNEAPOLIS MN 55419

PID: 1502824430078

Property Overview

Parcel ID1502824430078

Lot Size10,258 sq ft (0.235 ac)

Lot Dimensions (est.)107 ft wide × 96 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerR M WICHMANN & B H HANSON

Assessed Value$729,300

Land Value$272,000

Building Value$457,300

Annual Tax$12,516

Environmental Constraints

FloodplainYes — Zone AE

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width202 ft

Buildable depth8 ft

Area~3,019 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 3,019 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5304 STEVENS AVE MINNEAPOLIS MN 55419	KEVIN SPINTI & CLAIRE SPINTI	RESIDENTIAL	$587,400	71 ft
5317 1ST AVE S MINNEAPOLIS MN 55419	M MOYSKI & J FLAVIN	RESIDENTIAL	$560,900	120 ft
5314 STEVENS AVE MINNEAPOLIS MN 55419	THOMAS J NADEAU	RESIDENTIAL	$475,600	128 ft
5316 1ST AVE S MINNEAPOLIS MN 55419	J S EUE & R EUE	RESIDENTIAL	$558,100	149 ft
5320 1ST AVE S MINNEAPOLIS MN 55419	PATRICK DOWD & TESSA STRACK	RESIDENTIAL	$526,700	150 ft
5312 1ST AVE S MINNEAPOLIS MN 55419	T W ANDERSON & J L ANDERSON	RESIDENTIAL	$653,700	165 ft
5324 1ST AVE S MINNEAPOLIS MN 55419	JUSTIN R & ELAINE M N PEIK	RESIDENTIAL	$469,600	175 ft
5308 1ST AVE S MINNEAPOLIS MN 55419	R C & L M MARTIN REV TRUST	RESIDENTIAL	$634,100	182 ft
5232 STEVENS AVE MINNEAPOLIS MN 55419	AMY M & JAMIE G SMITH	RESIDENTIAL	$585,700	198 ft
5320 STEVENS AVE MINNEAPOLIS MN 55419	JANE ERICKSON	RESIDENTIAL	$355,500	201 ft

Property History

Most Recent Sale

Date199903

Price$260,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,516