5601 2ND AVE S MINNEAPOLIS MN 55419

PID: 2202824130039

Property Overview

Parcel ID2202824130039

Lot Size6,646 sq ft (0.153 ac)

Lot Dimensions (est.)127 ft wide × 52 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerCAROL WALDOCH

Assessed Value$321,700

Land Value$106,000

Building Value$215,700

Annual Tax$4,715

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

Diamond Lake · Minneapolis

Median reported rent1,284/mo

Renter-occupied43.4%

Median home value$373K

Vacancy rate7.4%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 120.03

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 width42 ft

Buildable depth88 ft

Area~3,686 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 3,686 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5559 2ND AVE S MINNEAPOLIS MN 55419	GI JUNG LEE & SO JIN KIM	RESIDENTIAL	$304,700	50 ft
5605 2ND AVE S MINNEAPOLIS MN 55419	ALEXANDER L HATCHER	RESIDENTIAL	$273,300	52 ft
5555 2ND AVE S MINNEAPOLIS MN 55419	JAMES CAHOY	RESIDENTIAL	$282,300	101 ft
5609 2ND AVE S MINNEAPOLIS MN 55419	CAMERON WUTZKE	RESIDENTIAL	$371,000	102 ft
5615 2ND AVE S MINNEAPOLIS MN 55419	D GERADS-SCHMIDT/R D SCHMIDT	RESIDENTIAL	$340,300	152 ft
5551 2ND AVE S MINNEAPOLIS MN 55419	JACQUELINE HARTMAN	RESIDENTIAL	$295,700	154 ft
5606 CLINTON AVE MINNEAPOLIS MN 55419	D J PRICCO & A S PRICCO	RESIDENTIAL	$813,400	160 ft
5600 CLINTON AVE MINNEAPOLIS MN 55419	JEROME K KRUEGER	RESIDENTIAL-TWO UNIT	$719,000	166 ft
5552 CLINTON AVE MINNEAPOLIS MN 55419	JEROME K KRUEGER	VACANT LAND-RESIDENTIAL	$12,000	185 ft
5610 CLINTON AVE MINNEAPOLIS MN 55419	ALETHA WILKS & BRADLEY WILKS	RESIDENTIAL	$749,600	198 ft

Property History

Most Recent Sale

Date201303

Price$170,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,715