5444 1ST AVE S MINNEAPOLIS MN 55419

PID: 2202824120012

Property Overview

Parcel ID2202824120012

Lot Size5,056 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerB D WIPF & B WIPF

Assessed Value$329,600

Land Value$146,000

Building Value$183,600

Annual Tax$4,847

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

3 permits on record since 2019 · Most recent: Nov 2025 (existres)

ExistresNov 2025Inspection

Standard Heating and Air Conditioning Inc

ResFeb 2021Closed

CenterPoint Energy Resource Corp

ResAug 2019Closed

Weld and Sons Plumbing Inc

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

Neighborhood Profile

Windom · 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 width30 ft

Buildable depth86 ft

Area~2,591 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 2,591 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5448 1ST AVE S MINNEAPOLIS MN 55419	R THUL & B L LEMMER	RESIDENTIAL	$381,200	40 ft
5440 1ST AVE S MINNEAPOLIS MN 55419	R L EVANS & D L EVANS	RESIDENTIAL	$484,100	53 ft
5500 1ST AVE S MINNEAPOLIS MN 55419	LPC PROPERTIES LLC	RESIDENTIAL	$372,400	80 ft
5504 1ST AVE S MINNEAPOLIS MN 55419	B W THOMPSON & M A KAUPPI	RESIDENTIAL	$383,600	120 ft
5455 NICOLLET AVE MINNEAPOLIS MN 55419	MINNEHAHA MALL LLC	COMMERCIAL-PREFERRED	$1,400,000	149 ft
5508 1ST AVE S MINNEAPOLIS MN 55419	K J MCMILLEN & T C LISCHMANN	RESIDENTIAL	$437,400	160 ft
5501 NICOLLET AVE MINNEAPOLIS MN 55419	DIAMOND LAKE PROPERTIES	APARTMENT	$1,906,000	162 ft
101 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	FRANCES K OLSON	RESIDENTIAL	$169,000	182 ft
5445 1ST AVE S MINNEAPOLIS MN 55419	M R HASKIN/D R HASKIN ET AL	RESIDENTIAL	$246,900	187 ft
5449 1ST AVE S MINNEAPOLIS MN 55419	P C & M M VISCARRA	RESIDENTIAL	$357,300	191 ft

Property History

Most Recent Sale

Date202004

Price$313,620

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,847