5529 2ND AVE S MINNEAPOLIS MN 55419

PID: 2202824120077

Property Overview

Parcel ID2202824120077

Lot Size8,277 sq ft (0.190 ac)

Lot Dimensions (est.)128 ft wide × 65 ft deep

Year Built1948

Property ClassRESIDENTIAL

OwnerSUSAN L MERRILL TRUST

Assessed Value$265,100

Land Value$116,000

Building Value$149,100

Annual Tax$3,771

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width55 ft

Buildable depth87 ft

Area~4,808 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 4,808 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5537 2ND AVE S MINNEAPOLIS MN 55419	PATRICK STEIN & HANNAH STEIN	RESIDENTIAL	$553,000	58 ft
5525 2ND AVE S MINNEAPOLIS MN 55419	MICHELE E LABORE	RESIDENTIAL	$291,500	60 ft
5521 2ND AVE S MINNEAPOLIS MN 55419	JENNIFER A REIDER	RESIDENTIAL	$305,300	107 ft
5541 2ND AVE S MINNEAPOLIS MN 55419	KEITH THOMAS MARKUN	RESIDENTIAL	$390,100	109 ft
5517 2ND AVE S MINNEAPOLIS MN 55419	STEVEN N SCHLOSKEY	RESIDENTIAL	$308,400	147 ft
5545 2ND AVE S MINNEAPOLIS MN 55419	MJB PROPS DIAMOND LAKE LLC	RESIDENTIAL	$254,000	161 ft
209 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	LOGAN DENEFF & EMILY DENEFF	RESIDENTIAL	$341,000	171 ft
5515 2ND AVE S MINNEAPOLIS MN 55419	C K HANSON & S K HANSON	RESIDENTIAL	$282,700	187 ft
219 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	B H STRAND & M C STRAND	RESIDENTIAL	$301,000	194 ft
5536 CLINTON AVE MINNEAPOLIS MN 55419	J M ALIBRANDI/P L ALIBRANDI	RESIDENTIAL	$630,000	204 ft

Property History

Most Recent Sale

Date199005

Price$78,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,771