5512 1ST AVE S MINNEAPOLIS MN 55419

PID: 2202824120127

Property Overview

Parcel ID2202824120127

Lot Size5,687 sq ft (0.131 ac)

Lot Dimensions (est.)126 ft wide × 45 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerM & B GREENBERG

Assessed Value$336,300

Land Value$151,000

Building Value$185,300

Annual Tax$5,515

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

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 width35 ft

Buildable depth86 ft

Area~3,022 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 3,022 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5508 1ST AVE S MINNEAPOLIS MN 55419	K J MCMILLEN & T C LISCHMANN	RESIDENTIAL	$437,400	43 ft
5516 1ST AVE S MINNEAPOLIS MN 55419	KYLE A CARLSON	RESIDENTIAL	$302,300	45 ft
5504 1ST AVE S MINNEAPOLIS MN 55419	B W THOMPSON & M A KAUPPI	RESIDENTIAL	$383,600	83 ft
5520 1ST AVE S MINNEAPOLIS MN 55419	SAMMI HOFFMAN-HANTOUS ETAL	RESIDENTIAL	$377,900	90 ft
5500 1ST AVE S MINNEAPOLIS MN 55419	LPC PROPERTIES LLC	RESIDENTIAL	$372,400	123 ft
5524 1ST AVE S MINNEAPOLIS MN 55419	M T KELLY & F J KELLY	RESIDENTIAL	$377,200	135 ft
5513 NICOLLET AVE MINNEAPOLIS MN 55419	J EDINGTON & H EDINGTON	RESIDENTIAL	$400,000	140 ft
5509 NICOLLET AVE MINNEAPOLIS MN 55419	WILLIAM G CURRIER	RESIDENTIAL	$310,500	146 ft
5517 NICOLLET AVE MINNEAPOLIS MN 55419	MATTHEW C MORRIS	RESIDENTIAL-TWO UNIT	$407,800	147 ft
5448 1ST AVE S MINNEAPOLIS MN 55419	R THUL & B L LEMMER	RESIDENTIAL	$381,200	163 ft

Property History

Current Tax Year

Year2026

Tax Due$5,515