5536 1ST AVE S MINNEAPOLIS MN 55419

PID: 2202824120102

Property Overview

Parcel ID2202824120102

Lot Size5,056 sq ft (0.116 ac)

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

Year Built1914

Property ClassRESIDENTIAL

OwnerGANNON S-LEVOIR & B SHRESTHA

Assessed Value$449,000

Land Value$143,000

Building Value$306,000

Annual Tax$6,839

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

6 permits on record since 2017 · Most recent: Sep 2021 (res)

ResSep 2021Closed

Water Heaters Now Inc

ResJun 2021Closed

Warners Stellian Co Inc

ResAug 2020Closed

Ideal Air LLC

ExistresAug 2020Closed

Ideal Air LLC

ResNov 2017Closed

Warners Stellian Co Inc

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

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 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

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5540 1ST AVE S MINNEAPOLIS MN 55419	TERRANCE H BRENNAN	RESIDENTIAL	$243,100	40 ft
5532 1ST AVE S MINNEAPOLIS MN 55419	BONNIE MORGAN	RESIDENTIAL	$387,000	42 ft
5544 1ST AVE S MINNEAPOLIS MN 55419	J E OSBORN & A C OSBORN	RESIDENTIAL	$397,400	80 ft
5528 1ST AVE S MINNEAPOLIS MN 55419	EVAN R ATKINS/EMMA L ATKINS	RESIDENTIAL	$358,000	87 ft
5548 1ST AVE S MINNEAPOLIS MN 55419	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	120 ft
5524 1ST AVE S MINNEAPOLIS MN 55419	M T KELLY & F J KELLY	RESIDENTIAL	$377,200	132 ft
5537 NICOLLET AVE MINNEAPOLIS MN 55419	RONALD E MAKI	RESIDENTIAL-TWO UNIT	$360,800	140 ft
5533 NICOLLET AVE MINNEAPOLIS MN 55419	KANAPATHIPILLAI RAJARATNAM	TRIPLEX	$581,600	146 ft
5541 NICOLLET AVE MINNEAPOLIS MN 55419	MICHAEL AUBOL	RESIDENTIAL	$400,400	147 ft
5552 1ST AVE S MINNEAPOLIS MN 55419	ZACHARY OLSON	RESIDENTIAL	$367,000	160 ft

Property History

Most Recent Sale

Date201602

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,839