5941 2ND AVE S MINNEAPOLIS MN 55419

PID: 2202824420038

Property Overview

Parcel ID2202824420038

Lot Size9,977 sq ft (0.229 ac)

Lot Dimensions (est.)200 ft wide × 50 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerDANIEL THOMAS BLASBERG

Assessed Value$375,400

Land Value$125,000

Building Value$250,400

Annual Tax$5,610

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 2018 · $10K total declared value · Most recent: Feb 2021 (misc)

MiscFeb 2021Closed

$10K

Minnesota Rusco Inc

ExistresSep 2018Closed

K & S Heating Air Conditioning & Plumbing 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 width40 ft

Buildable depth160 ft

Area~6,381 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 6,381 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
5945 2ND AVE S MINNEAPOLIS MN 55419	ROBERT R HARRIS ETAL	RESIDENTIAL	$310,700	50 ft
5935 2ND AVE S MINNEAPOLIS MN 55419	S JOHNSON & T JOHNSON	RESIDENTIAL	$388,900	50 ft
5949 2ND AVE S MINNEAPOLIS MN 55419	J DAVIS/A DAVIS/K KRAFT	RESIDENTIAL	$456,800	95 ft
5931 2ND AVE S MINNEAPOLIS MN 55419	H G C CORTES & G S CHAVIRA	RESIDENTIAL	$342,000	103 ft
220 CHESTER ST MINNEAPOLIS MN 55419	SHARLONA MURPHY	RESIDENTIAL	$366,700	133 ft
5925 2ND AVE S MINNEAPOLIS MN 55419	CLARICE L OSTRANDER	RESIDENTIAL	$317,000	152 ft
5953 2ND AVE S MINNEAPOLIS MN 55419	JOYCE M LANDGREN REVOC TRUST	RESIDENTIAL	$337,700	191 ft
5921 2ND AVE S MINNEAPOLIS MN 55419	DEBORAH E LEIN	RESIDENTIAL	$299,900	202 ft
230 CHESTER ST MINNEAPOLIS MN 55419	JOAN M WALENTINY REV LIV TRU	RESIDENTIAL	$359,900	220 ft
5957 2ND AVE S MINNEAPOLIS MN 55419	TAURUS SOLUTIONS LLC	RESIDENTIAL	$328,200	237 ft

Property History

Most Recent Sale

Date201809

Price$260,000

TypeCONTRACT FOR DEED

Current Tax Year

Year2026

Tax Due$5,610