5127 PARK AVE MINNEAPOLIS MN 55417

PID: 1402824320104

Property Overview

Parcel ID1402824320104

Lot Size4,758 sq ft (0.109 ac)

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

Year Built1941

Property ClassRESIDENTIAL

OwnerK J SCHMIT & A C Z SCHMIT

Assessed Value$455,100

Land Value$154,000

Building Value$301,100

Annual Tax$6,940

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

3 permits on record since 2019 · $89K total declared value · Most recent: Feb 2019 (res)

ResFeb 2019Closed

DINIUS PLUMBING CO INC

ExistresFeb 2019Closed

Centraire Heating & Air Conditioning LLC

AdditionJan 2019Closed

$89K

STYBA BUILDERS 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~2,368 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 2,368 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
5123 PARK AVE MINNEAPOLIS MN 55417	FRANCIS MICHAEL SHEEHY	RESIDENTIAL	$328,000	40 ft
5131 PARK AVE MINNEAPOLIS MN 55417	CARL COOLEY & JESSICA KLUNTZ	RESIDENTIAL	$379,500	40 ft
5119 PARK AVE MINNEAPOLIS MN 55417	KRISTIN MARIE LOVEJOY TRUST	RESIDENTIAL	$414,700	80 ft
5135 PARK AVE MINNEAPOLIS MN 55417	ALEXANDER FAN/ELLEN MARTIN	RESIDENTIAL	$431,100	80 ft
5115 PARK AVE MINNEAPOLIS MN 55417	M J EULL & B J MILLER	RESIDENTIAL	$397,000	120 ft
5139 PARK AVE MINNEAPOLIS MN 55417	P M PRAUS & K R HOHN	RESIDENTIAL	$394,000	120 ft
5124 COLUMBUS AVE MINNEAPOLIS MN 55417	DAVID A VAN DYKE	RESIDENTIAL	$471,000	133 ft
5128 COLUMBUS AVE MINNEAPOLIS MN 55417	DAVID STREET & SANDY STREET	RESIDENTIAL	$494,300	139 ft
5120 COLUMBUS AVE MINNEAPOLIS MN 55417	ARNE JOHANSSON	RESIDENTIAL	$553,000	139 ft
5132 COLUMBUS AVE MINNEAPOLIS MN 55417	ARTHUR P LAKODUK	RESIDENTIAL	$477,000	155 ft

Property History

Most Recent Sale

Date200509

Price$265,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,940