5545 1ST AVE S MINNEAPOLIS MN 55419

PID: 2202824120099

Property Overview

Parcel ID2202824120099

Lot Size5,116 sq ft (0.117 ac)

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

Year Built1976

Property ClassRESIDENTIAL

OwnerEDWARD M ELLS ET AL

Assessed Value$268,000

Land Value$146,000

Building Value$122,000

Annual Tax$3,820

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

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

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 depth88 ft

Area~2,636 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 2,636 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5549 1ST AVE S MINNEAPOLIS MN 55419	BEN PELTON & EMILY JOHNSON	RESIDENTIAL	$340,800	40 ft
5541 1ST AVE S MINNEAPOLIS MN 55419	B S ERICKSON & A C ERICKSON	RESIDENTIAL	$373,700	40 ft
5553 1ST AVE S MINNEAPOLIS MN 55419	SOLVEIG PEDERSON ZARUBIN	RESIDENTIAL	$403,500	80 ft
5537 1ST AVE S MINNEAPOLIS MN 55419	C J DEMPSTER & R J DEMPSTER	RESIDENTIAL	$365,000	80 ft
5533 1ST AVE S MINNEAPOLIS MN 55419	RESILIENT HOUSING GROUP LLC	RESIDENTIAL	$424,800	122 ft
104 56TH ST E MINNEAPOLIS MN 55419	CATHERINE M JOHNSON	RESIDENTIAL	$466,000	125 ft
5540 STEVENS AVE MINNEAPOLIS MN 55419	SUSANA D GLUCK	RESIDENTIAL	$254,600	142 ft
5548 STEVENS AVE MINNEAPOLIS MN 55419	GAY CELESTE CANSECO	RESIDENTIAL	$181,500	147 ft
5538 STEVENS AVE MINNEAPOLIS MN 55419	MICHAEL MUMMAH/KERRY MUMMAH	RESIDENTIAL	$308,500	158 ft
5552 STEVENS AVE MINNEAPOLIS MN 55419	CHARISSA BLUE	RESIDENTIAL	$217,000	162 ft

Property History

Current Tax Year

Year2026

Tax Due$3,820