5524 1ST AVE S MINNEAPOLIS MN 55419

PID: 2202824120130

Property Overview

Parcel ID2202824120130

Lot Size5,687 sq ft (0.131 ac)

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

Year Built1932

Property ClassRESIDENTIAL

OwnerM T KELLY & F J KELLY

Assessed Value$377,200

Land Value$151,000

Building Value$226,200

Annual Tax$5,641

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $12K total declared value · Most recent: Oct 2025 (misc)

MiscOct 2025Final Inspection

$12K

Mighty Dog Roofing 202

ResFeb 2021Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResFeb 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 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%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5520 1ST AVE S MINNEAPOLIS MN 55419	SAMMI HOFFMAN-HANTOUS ETAL	RESIDENTIAL	$377,900	45 ft
5528 1ST AVE S MINNEAPOLIS MN 55419	EVAN R ATKINS/EMMA L ATKINS	RESIDENTIAL	$358,000	45 ft
5516 1ST AVE S MINNEAPOLIS MN 55419	KYLE A CARLSON	RESIDENTIAL	$302,300	90 ft
5532 1ST AVE S MINNEAPOLIS MN 55419	BONNIE MORGAN	RESIDENTIAL	$387,000	90 ft
5536 1ST AVE S MINNEAPOLIS MN 55419	GANNON S-LEVOIR & B SHRESTHA	RESIDENTIAL	$449,000	132 ft
5512 1ST AVE S MINNEAPOLIS MN 55419	M & B GREENBERG	RESIDENTIAL	$336,300	135 ft
5525 NICOLLET AVE MINNEAPOLIS MN 55419	S P Q QUIZPHI & R V C HUERTA	RESIDENTIAL-TWO UNIT	$376,400	140 ft
5529 NICOLLET AVE MINNEAPOLIS MN 55419	NICOLLET PHAMILE LLC	RESIDENTIAL-TWO UNIT	$507,100	147 ft
5521 NICOLLET AVE MINNEAPOLIS MN 55419	AHWOI LARSON FAMILY TRUST	RESIDENTIAL	$406,800	147 ft
5517 NICOLLET AVE MINNEAPOLIS MN 55419	MATTHEW C MORRIS	RESIDENTIAL-TWO UNIT	$407,800	166 ft

Property History

Most Recent Sale

Date201001

Price$240,700

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$5,641