5731 2ND AVE S MINNEAPOLIS MN 55419

PID: 2202824130060

Property Overview

Parcel ID2202824130060

Lot Size6,265 sq ft (0.144 ac)

Lot Dimensions (est.)128 ft wide × 49 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerALAINA S RAMIREZ

Assessed Value$310,400

Land Value$104,000

Building Value$206,400

Annual Tax$6,070

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

3 permits on record since 2017 · $19K total declared value · Most recent: May 2019 (misc)

MiscMay 2019Closed

$10K

ALL PRO XTERIORS INC

MiscMay 2019Closed

$9K

ALL PRO XTERIORS INC

ResMar 2017Closed

Linn Star Transfer Inc

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 width39 ft

Buildable depth88 ft

Area~3,426 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 3,426 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5737 2ND AVE S MINNEAPOLIS MN 55419	SHERRY J FAGIN TRUSTEE	RESIDENTIAL	$321,800	46 ft
5729 2ND AVE S MINNEAPOLIS MN 55419	TIMOTHY ROSER & HANNAH BARTZ	RESIDENTIAL	$349,200	49 ft
5741 2ND AVE S MINNEAPOLIS MN 55419	MORGAN MOSELEY	RESIDENTIAL	$368,700	88 ft
5725 2ND AVE S MINNEAPOLIS MN 55419	KEVIN MORAN	RESIDENTIAL	$334,600	98 ft
5745 2ND AVE S MINNEAPOLIS MN 55419	CONNIE MARIE WRIGHT	RESIDENTIAL	$308,100	131 ft
5721 2ND AVE S MINNEAPOLIS MN 55419	GRETCHEN J GROMATKA	RESIDENTIAL	$314,000	147 ft
214 58TH ST E MINNEAPOLIS MN 55419	MICHAEL O'LEARY	RESIDENTIAL	$324,100	169 ft
5749 2ND AVE S MINNEAPOLIS MN 55419	ELLIOTT SCOTT FOSS	RESIDENTIAL	$278,200	173 ft
5717 2ND AVE S MINNEAPOLIS MN 55419	WILLIAM R & REBECCA L LOUK	RESIDENTIAL	$358,500	196 ft
218 58TH ST E MINNEAPOLIS MN 55419	TANNER ROSS QUAMMEN	RESIDENTIAL	$373,200	197 ft

Property History

Most Recent Sale

Date201009

Price$155,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,070