5627 2ND AVE S MINNEAPOLIS MN 55419

PID: 2202824130046

Property Overview

Parcel ID2202824130046

Lot Size6,489 sq ft (0.149 ac)

Lot Dimensions (est.)128 ft wide × 51 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerTERENCE H MATHENY ETAL

Assessed Value$315,100

Land Value$106,000

Building Value$209,100

Annual Tax$4,605

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

2 permits on record since 2022 · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

ExistresAug 2022Closed

HomeWorks Services LLC

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

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 width41 ft

Buildable depth87 ft

Area~3,580 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 3,580 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5621 2ND AVE S MINNEAPOLIS MN 55419	MICHAEL BREILING	RESIDENTIAL	$379,500	51 ft
5629 2ND AVE S MINNEAPOLIS MN 55419	ALICE-LYNNE OLSON	RESIDENTIAL	$345,500	51 ft
5619 2ND AVE S MINNEAPOLIS MN 55419	MAURICE J RHODES	RESIDENTIAL	$303,700	101 ft
5633 2ND AVE S MINNEAPOLIS MN 55419	ROSS W TWITE	RESIDENTIAL	$429,700	101 ft
5626 CLINTON AVE MINNEAPOLIS MN 55419	ETHAN HEYRMAN & MEGHAN GRAHS	RESIDENTIAL	$463,900	145 ft
5615 2ND AVE S MINNEAPOLIS MN 55419	D GERADS-SCHMIDT/R D SCHMIDT	RESIDENTIAL	$340,300	151 ft
5639 2ND AVE S MINNEAPOLIS MN 55419	S D WILLIAMS/T D WILLIAMS	RESIDENTIAL	$417,000	152 ft
5622 CLINTON AVE MINNEAPOLIS MN 55419	JOAN M CHARLES	RESIDENTIAL	$332,600	155 ft
5630 CLINTON AVE MINNEAPOLIS MN 55419	R E EIDE & K CORRIGAN EIDE	RESIDENTIAL	$562,500	159 ft
5618 CLINTON AVE MINNEAPOLIS MN 55419	JOHN S HANLEY TRUSTEE	RESIDENTIAL	$456,300	185 ft

Property History

Current Tax Year

Year2026

Tax Due$4,605