5905 2ND AVE S MINNEAPOLIS MN 55419

PID: 2202824420043

Property Overview

Parcel ID2202824420043

Lot Size12,472 sq ft (0.286 ac)

Lot Dimensions (est.)250 ft wide × 50 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerEDGAR TAPIA/SHEILA M TAPIA

Assessed Value$370,700

Land Value$138,000

Building Value$232,700

Annual Tax$5,532

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

10 permits on record since 2017 · $99K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$16K

RENEWAL BY ANDERSEN CORP

MiscApr 2023Closed

$7K

LEGACY RESTORATION LLC

AccessoryJun 2021Closed

$21K

Minneapolis Garage Builders, LLC

MiscAug 2020Closed

$21K

RENEWAL BY ANDERSEN CORP

ExistresJun 2020Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

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 depth209 ft

Area~8,377 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 8,377 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5909 2ND AVE S MINNEAPOLIS MN 55419	DANIELLE M H FRAZIER	RESIDENTIAL	$366,200	50 ft
5901 2ND AVE S MINNEAPOLIS MN 55419	TARIK GERALD THORNTON	RESIDENTIAL	$330,700	50 ft
5917 2ND AVE S MINNEAPOLIS MN 55419	JAMES E BUFFINGTON ETAL	RESIDENTIAL	$384,100	100 ft
5849 2ND AVE S MINNEAPOLIS MN 55419	LISA ANDERSON/DAVID HUISKEN	RESIDENTIAL	$321,800	100 ft
5921 2ND AVE S MINNEAPOLIS MN 55419	DEBORAH E LEIN	RESIDENTIAL	$299,900	150 ft
5845 2ND AVE S MINNEAPOLIS MN 55419	A S JOHNSTON & A JOHNSTON	RESIDENTIAL	$428,700	150 ft
5925 2ND AVE S MINNEAPOLIS MN 55419	CLARICE L OSTRANDER	RESIDENTIAL	$317,000	200 ft
5841 2ND AVE S MINNEAPOLIS MN 55419	ELIZABETH TUCHSCHERER	RESIDENTIAL	$371,900	200 ft
5906 CLINTON AVE MINNEAPOLIS MN 55419	H STAFFORD & KELLI LASSIG	RESIDENTIAL	$477,100	249 ft
5931 2ND AVE S MINNEAPOLIS MN 55419	H G C CORTES & G S CHAVIRA	RESIDENTIAL	$342,000	250 ft

Property History

Most Recent Sale

Date201404

Price$169,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,532