5128 PARK AVE MINNEAPOLIS MN 55417

PID: 1402824320073

Property Overview

Parcel ID1402824320073

Lot Size4,753 sq ft (0.109 ac)

Lot Dimensions (est.)119 ft wide × 40 ft deep

Year Built1935

Property ClassRESIDENTIAL

OwnerD C HAMMER & L S HAMMER

Assessed Value$480,000

Land Value$154,000

Building Value$326,000

Annual Tax$7,356

Environmental Constraints

FloodplainYes — Zone AE

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

3 permits on record since 2020 · Most recent: Dec 2025 (res)

ResDec 2025Closed

CenterPoint Energy Resource Corp

ExistresMar 2023Closed

WOODLAND STOVES & FIREPLACES

ResNov 2020Closed

Urban Pine Plumbing and Mechanical Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Page · Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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 width30 ft

Buildable depth79 ft

Area~2,364 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 2,364 sqft buildable area.

Est. units

Yield on cost

1.4%

Spread

-4.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5124 PARK AVE MINNEAPOLIS MN 55417	S DOLAN & L HOHANSHELT	RESIDENTIAL	$471,000	40 ft
5132 PARK AVE MINNEAPOLIS MN 55417	R E HYDE & T BOEDEKER	RESIDENTIAL	$480,000	40 ft
5120 PARK AVE MINNEAPOLIS MN 55417	D L WILSON & C K WILSON	RESIDENTIAL	$390,800	80 ft
5136 PARK AVE MINNEAPOLIS MN 55417	BRIAN SHIPE & JONETTE KUHNAU	RESIDENTIAL	$436,100	80 ft
5116 PARK AVE MINNEAPOLIS MN 55417	T O'MARA & J SAVILLE-O'MARA	RESIDENTIAL	$442,300	120 ft
5140 PARK AVE MINNEAPOLIS MN 55417	LISA A PETERSEN TRUST	RESIDENTIAL	$395,800	120 ft
5129 OAKLAND AVE MINNEAPOLIS MN 55417	L SCHWERZLER & J BLACKWOOD	RESIDENTIAL	$421,000	132 ft
5133 OAKLAND AVE MINNEAPOLIS MN 55417	STEPHANIE ANNE LAWSON	RESIDENTIAL	$334,000	138 ft
5121 OAKLAND AVE MINNEAPOLIS MN 55417	GLENN E KROCHESKI-MEYER ETAL	RESIDENTIAL	$536,900	145 ft
5137 OAKLAND AVE MINNEAPOLIS MN 55417	JOHN M BASSETT	RESIDENTIAL	$367,000	155 ft

Property History

Most Recent Sale

Date198710

Price$89,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,356