5815 2ND AVE S MINNEAPOLIS MN 55419

PID: 2202824420052

Property Overview

Parcel ID2202824420052

Lot Size7,947 sq ft (0.182 ac)

Lot Dimensions (est.)100 ft wide × 79 ft deep

Year Built1955

Property ClassRESIDENTIAL

OwnerBRANDON L LOUDERMILK TRUST

Assessed Value$423,900

Land Value$114,000

Building Value$309,900

Annual Tax$6,420

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 2022 · $15K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$15K

Red Line Contracting

ResJun 2022Closed

First Class Plumbing & Heating LLC

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 width70 ft

Buildable depth59 ft

Area~4,164 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 4,164 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5833 2ND AVE S MINNEAPOLIS MN 55419	M & T SIMPSON	RESIDENTIAL	$385,700	100 ft
209 58TH ST E MINNEAPOLIS MN 55419	SHARON LEE LEIGHTON	RESIDENTIAL	$348,100	107 ft
201 58TH ST E MINNEAPOLIS MN 55419	JOHN B ORR & BRIDGET M ORR	RESIDENTIAL	$281,600	118 ft
203 58TH ST E MINNEAPOLIS MN 55419	MATTHEW BORRMAN	RESIDENTIAL	$299,600	119 ft
5837 2ND AVE S MINNEAPOLIS MN 55419	ERIK R & AMY D ADDY	RESIDENTIAL	$481,900	143 ft
215 58TH ST E MINNEAPOLIS MN 55419	T J DEGROSS & C M DEGROSS	RESIDENTIAL	$556,000	147 ft
5841 2ND AVE S MINNEAPOLIS MN 55419	ELIZABETH TUCHSCHERER	RESIDENTIAL	$371,900	191 ft
219 58TH ST E MINNEAPOLIS MN 55419	DANIEL SPRINGROSE	RESIDENTIAL	$407,400	191 ft
5845 2ND AVE S MINNEAPOLIS MN 55419	A S JOHNSTON & A JOHNSTON	RESIDENTIAL	$428,700	237 ft
221 58TH ST E MINNEAPOLIS MN 55419	MARK A SCHAAN	RESIDENTIAL	$372,500	238 ft

Property History

Most Recent Sale

Date202208

Price$489,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,420