5555 2ND AVE S MINNEAPOLIS MN 55419

PID: 2202824120088

Property Overview

Parcel ID2202824120088

Lot Size6,936 sq ft (0.159 ac)

Lot Dimensions (est.)128 ft wide × 54 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerJAMES CAHOY

Assessed Value$282,300

Land Value$108,000

Building Value$174,300

Annual Tax$4,059

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

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 width45 ft

Buildable depth86 ft

Area~3,886 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 3,886 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5559 2ND AVE S MINNEAPOLIS MN 55419	GI JUNG LEE & SO JIN KIM	RESIDENTIAL	$304,700	51 ft
5551 2ND AVE S MINNEAPOLIS MN 55419	JACQUELINE HARTMAN	RESIDENTIAL	$295,700	53 ft
5601 2ND AVE S MINNEAPOLIS MN 55419	CAROL WALDOCH	RESIDENTIAL	$321,700	101 ft
5545 2ND AVE S MINNEAPOLIS MN 55419	MJB PROPS DIAMOND LAKE LLC	RESIDENTIAL	$254,000	104 ft
5605 2ND AVE S MINNEAPOLIS MN 55419	ALEXANDER L HATCHER	RESIDENTIAL	$273,300	153 ft
5541 2ND AVE S MINNEAPOLIS MN 55419	KEITH THOMAS MARKUN	RESIDENTIAL	$390,100	155 ft
5600 CLINTON AVE MINNEAPOLIS MN 55419	JEROME K KRUEGER	RESIDENTIAL-TWO UNIT	$719,000	166 ft
5552 CLINTON AVE MINNEAPOLIS MN 55419	JEROME K KRUEGER	VACANT LAND-RESIDENTIAL	$12,000	168 ft
5550 CLINTON AVE MINNEAPOLIS MN 55419	J M PEDERSEN & C M PEDERSEN	RESIDENTIAL	$1,288,000	171 ft
5544 CLINTON AVE MINNEAPOLIS MN 55419	MICHAEL J LOGAN	RESIDENTIAL	$678,200	196 ft

Property History

Most Recent Sale

Date200608

Price$185,550

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,059