5521 2ND AVE S MINNEAPOLIS MN 55419

PID: 2202824120075

Property Overview

Parcel ID2202824120075

Lot Size5,094 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerJENNIFER A REIDER

Assessed Value$305,300

Land Value$95,000

Building Value$210,300

Annual Tax$4,441

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

2 permits on record since 2019 · $5K total declared value · Most recent: Nov 2021 (res)

ResNov 2021Closed

Urban Pine Plumbing and Mechanical Inc

MiscApr 2019Closed

$5K

PELLA NORTHLAND

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

Neighborhood Profile

Diamond Lake · Minneapolis

Median reported rent1,284/mo

Renter-occupied43.4%

Median home value$373K

Vacancy rate7.4%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 120.03

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 width30 ft

Buildable depth87 ft

Area~2,621 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 2,621 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
5517 2ND AVE S MINNEAPOLIS MN 55419	STEVEN N SCHLOSKEY	RESIDENTIAL	$308,400	40 ft
5525 2ND AVE S MINNEAPOLIS MN 55419	MICHELE E LABORE	RESIDENTIAL	$291,500	47 ft
5515 2ND AVE S MINNEAPOLIS MN 55419	C K HANSON & S K HANSON	RESIDENTIAL	$282,700	80 ft
209 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	LOGAN DENEFF & EMILY DENEFF	RESIDENTIAL	$341,000	95 ft
5529 2ND AVE S MINNEAPOLIS MN 55419	SUSAN L MERRILL TRUST	RESIDENTIAL	$265,100	107 ft
5509 2ND AVE S MINNEAPOLIS MN 55419	KAYLEE ISOM & RACHEL GIEMZA	RESIDENTIAL	$319,500	119 ft
219 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	B H STRAND & M C STRAND	RESIDENTIAL	$301,000	134 ft
5537 2ND AVE S MINNEAPOLIS MN 55419	PATRICK STEIN & HANNAH STEIN	RESIDENTIAL	$553,000	165 ft
205 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	KRISTINE M GREMMELS	RESIDENTIAL	$337,900	187 ft
201 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	SHERRI LYNNE BEIER	RESIDENTIAL-TWO UNIT	$458,300	194 ft

Property History

Most Recent Sale

Date201006

Price$177,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,441