5721 1ST AVE S MINNEAPOLIS MN 55419

PID: 2202824130145

Property Overview

Parcel ID2202824130145

Lot Size5,118 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerSUSAN JANE SPENCE

Assessed Value$336,000

Land Value$146,000

Building Value$190,000

Annual Tax$4,954

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

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

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 width30 ft

Buildable depth88 ft

Area~2,638 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 2,638 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5725 1ST AVE S MINNEAPOLIS MN 55419	TERESE M MCNAMARA	RESIDENTIAL	$252,300	40 ft
5717 1ST AVE S MINNEAPOLIS MN 55419	LUIS A SEPULVEDA	RESIDENTIAL	$339,200	40 ft
5729 1ST AVE S MINNEAPOLIS MN 55419	TIMOTHY FOX/CHERYL LYNN FOX	RESIDENTIAL	$251,600	80 ft
5711 1ST AVE S MINNEAPOLIS MN 55419	R TIMM & E L BETLACH	RESIDENTIAL	$380,900	90 ft
5733 1ST AVE S MINNEAPOLIS MN 55419	DANIEL COVICH	RESIDENTIAL	$661,000	120 ft
5720 STEVENS AVE MINNEAPOLIS MN 55419	P L LANG & P L LANG	RESIDENTIAL	$333,000	142 ft
5705 1ST AVE S MINNEAPOLIS MN 55419	JAMES MATTHEW WHITE	RESIDENTIAL	$459,000	147 ft
5724 STEVENS AVE MINNEAPOLIS MN 55419	KEVIN P DENEEN	RESIDENTIAL	$313,100	147 ft
5712 STEVENS AVE MINNEAPOLIS MN 55419	T W ANDERSON & M E SMITH	RESIDENTIAL	$229,000	149 ft
5741 1ST AVE S MINNEAPOLIS MN 55419	MATTHEW CAUSEY	RESIDENTIAL	$403,300	160 ft

Property History

Most Recent Sale

Date199906

Price$95,750

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,954