5616 1ST AVE S MINNEAPOLIS MN 55419

PID: 2202824130103

Property Overview

Parcel ID2202824130103

Lot Size5,053 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built2016

Property ClassRESIDENTIAL

OwnerMICHELLE R FICK

Assessed Value$656,500

Land Value$143,000

Building Value$513,500

Annual Tax$10,671

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 width30 ft

Buildable depth86 ft

Area~2,589 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 2,589 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5612 1ST AVE S MINNEAPOLIS MN 55419	SANDRA K HALL	RESIDENTIAL	$249,600	40 ft
5622 1ST AVE S MINNEAPOLIS MN 55419	ANA GEORGINA MONTOYA TOSTADO	RESIDENTIAL	$257,000	40 ft
5608 1ST AVE S MINNEAPOLIS MN 55419	JILL MARIE DEROUIN	RESIDENTIAL	$354,100	80 ft
5624 1ST AVE S MINNEAPOLIS MN 55419	N A W & D J KOSKI	RESIDENTIAL	$318,400	82 ft
5604 1ST AVE S MINNEAPOLIS MN 55419	EVEREST HOLDINGS LLC	RESIDENTIAL	$231,000	120 ft
5628 1ST AVE S MINNEAPOLIS MN 55419	S K WILLIAMS & M C VOSS	RESIDENTIAL	$381,200	127 ft
5617 NICOLLET AVE MINNEAPOLIS MN 55419	R BRUNNER & C BRUNNER	RESIDENTIAL	$180,700	140 ft
5613 NICOLLET AVE MINNEAPOLIS MN 55419	JASMINE N JOHNSON	RESIDENTIAL	$273,800	145 ft
5623 NICOLLET AVE MINNEAPOLIS MN 55419	ALISON N NOWAK ET AL	RESIDENTIAL	$259,100	146 ft
5600 1ST AVE S MINNEAPOLIS MN 55419	GREGORY W MATTERN	RESIDENTIAL-TWO UNIT	$396,500	158 ft

Property History

Most Recent Sale

Date201706

Price$489,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,671