I had the exact same problem.
The reason - bad IIS config file.
Try deleting the automatically-created IISExpress
folder, which is usually located at %userprofile%/Documents
, e.g. C:Users[you]DocumentsIISExpress
.
Don't worry, VS should create it again - correctly, this time - once you run your solution again.
EDIT: Command line for deleting the folder:
rmdir /s /q "%userprofile%DocumentsIISExpress"
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