5509 NICOLLET AVE MINNEAPOLIS MN 55419

PID: 2202824120017

Property Overview

Parcel ID2202824120017

Lot Size5,055 sq ft (0.116 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerWILLIAM G CURRIER

Assessed Value$310,500

Land Value$113,000

Building Value$197,500

Annual Tax$4,104

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

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

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

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 ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 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

3.5%

Spread

-2.0%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5513 NICOLLET AVE MINNEAPOLIS MN 55419	J EDINGTON & H EDINGTON	RESIDENTIAL	$400,000	42 ft
5501 NICOLLET AVE MINNEAPOLIS MN 55419	DIAMOND LAKE PROPERTIES	APARTMENT	$1,906,000	80 ft
5517 NICOLLET AVE MINNEAPOLIS MN 55419	MATTHEW C MORRIS	RESIDENTIAL-TWO UNIT	$407,800	88 ft
5521 NICOLLET AVE MINNEAPOLIS MN 55419	AHWOI LARSON FAMILY TRUST	RESIDENTIAL	$406,800	132 ft
5508 1ST AVE S MINNEAPOLIS MN 55419	K J MCMILLEN & T C LISCHMANN	RESIDENTIAL	$437,400	140 ft
5504 1ST AVE S MINNEAPOLIS MN 55419	B W THOMPSON & M A KAUPPI	RESIDENTIAL	$383,600	146 ft
5512 1ST AVE S MINNEAPOLIS MN 55419	M & B GREENBERG	RESIDENTIAL	$336,300	146 ft
5500 1ST AVE S MINNEAPOLIS MN 55419	LPC PROPERTIES LLC	RESIDENTIAL	$372,400	162 ft
5516 1ST AVE S MINNEAPOLIS MN 55419	KYLE A CARLSON	RESIDENTIAL	$302,300	164 ft
5525 NICOLLET AVE MINNEAPOLIS MN 55419	S P Q QUIZPHI & R V C HUERTA	RESIDENTIAL-TWO UNIT	$376,400	177 ft

Property History

Current Tax Year

Year2026

Tax Due$4,104