TO CLARIFY
Really a lot of answers here are the same and say something like "Restart and it magically works again".
Well, 9 out of 10 times people have this issue like the OP it is because THE IP-ADDRESS IS ALREADY IN USE.
ANSWER
There could be 2 ip-addresses that are in use. Both of them you can find by:
1) Right-clicking on the start-up project
2) Click on "Properties"
3) Click on the "Debug" tab
Here you see your "App URL" and your "SSL URL".
If your "App URL" is in use, just change it there and save it and it should work again.
If your "SSL URL" is in use, close down VS, delete the "applicationhost.config" file in the hidden .vs folder of your project and open VS up again.