5241 PARK AVE MINNEAPOLIS MN 55417

PID: 1402824330050

Property Overview

Parcel ID1402824330050

Lot Size4,759 sq ft (0.109 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerRENE DE LOS REYES ET AL

Assessed Value$426,300

Land Value$151,000

Building Value$275,300

Annual Tax$6,460

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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~2,369 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 2,369 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
5245 PARK AVE MINNEAPOLIS MN 55417	DAKOTA BISHOP & JENNA BISHOP	RESIDENTIAL	$436,500	40 ft
5237 PARK AVE MINNEAPOLIS MN 55417	S A & J M WIESTLING	RESIDENTIAL	$560,600	40 ft
5249 PARK AVE MINNEAPOLIS MN 55417	DIANA SAEZ	RESIDENTIAL	$553,100	80 ft
5233 PARK AVE MINNEAPOLIS MN 55417	D A & L M CARLSON	RESIDENTIAL	$459,500	80 ft
5253 PARK AVE MINNEAPOLIS MN 55417	M L REVORD & K L REVORD	RESIDENTIAL	$441,800	120 ft
5229 PARK AVE MINNEAPOLIS MN 55417	K L SPITZNER & J A ADAMIC	RESIDENTIAL	$491,000	120 ft
5240 COLUMBUS AVE MINNEAPOLIS MN 55417	KATHLEEN GANSEN ET AL	RESIDENTIAL	$367,300	133 ft
5236 COLUMBUS AVE MINNEAPOLIS MN 55417	C A ROVN & J J ROVN	RESIDENTIAL	$422,500	139 ft
5244 COLUMBUS AVE MINNEAPOLIS MN 55417	B HEFFELBOWER/K HEFFELBOWER	RESIDENTIAL	$422,300	139 ft
5232 COLUMBUS AVE MINNEAPOLIS MN 55417	JEFFREY J GROVES	RESIDENTIAL	$264,000	155 ft

Property History

Most Recent Sale

Date198609

Price$69,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,460