5540 1ST AVE S MINNEAPOLIS MN 55419

PID: 2202824120103

Property Overview

Parcel ID2202824120103

Lot Size5,056 sq ft (0.116 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerTERRANCE H BRENNAN

Assessed Value$243,100

Land Value$143,000

Building Value$100,100

Annual Tax$3,404

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

1 permit on record since 2021 · Most recent: Mar 2021 (res)

ResMar 2021Closed

CenterPoint Energy Resource Corp

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%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5536 1ST AVE S MINNEAPOLIS MN 55419	GANNON S-LEVOIR & B SHRESTHA	RESIDENTIAL	$449,000	40 ft
5544 1ST AVE S MINNEAPOLIS MN 55419	J E OSBORN & A C OSBORN	RESIDENTIAL	$397,400	40 ft
5548 1ST AVE S MINNEAPOLIS MN 55419	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	80 ft
5532 1ST AVE S MINNEAPOLIS MN 55419	BONNIE MORGAN	RESIDENTIAL	$387,000	82 ft
5552 1ST AVE S MINNEAPOLIS MN 55419	ZACHARY OLSON	RESIDENTIAL	$367,000	120 ft
5528 1ST AVE S MINNEAPOLIS MN 55419	EVAN R ATKINS/EMMA L ATKINS	RESIDENTIAL	$358,000	127 ft
5541 NICOLLET AVE MINNEAPOLIS MN 55419	MICHAEL AUBOL	RESIDENTIAL	$400,400	141 ft
5545 NICOLLET AVE MINNEAPOLIS MN 55419	DONALD W SCHANDING II	RESIDENTIAL	$188,000	144 ft
5537 NICOLLET AVE MINNEAPOLIS MN 55419	RONALD E MAKI	RESIDENTIAL-TWO UNIT	$360,800	145 ft
5533 NICOLLET AVE MINNEAPOLIS MN 55419	KANAPATHIPILLAI RAJARATNAM	TRIPLEX	$581,600	162 ft

Property History

Current Tax Year

Year2026

Tax Due$3,404