5228 PARK AVE MINNEAPOLIS MN 55417

PID: 1402824330068

Property Overview

Parcel ID1402824330068

Lot Size6,000 sq ft (0.138 ac)

Lot Dimensions (est.)150 ft wide × 40 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerFREDERICK C ULRICH

Assessed Value$279,000

Land Value$169,000

Building Value$110,000

Annual Tax$4,003

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

2 permits on record since 2025 · $10K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Closed

CenterPoint Energy Resource Corp

MiscJun 2025Closed

$10K

Bold North Roofing and Contracting LLC

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 depth110 ft

Area~3,299 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 3,299 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5224 PARK AVE MINNEAPOLIS MN 55417	TARA A BRUESTLE-FITZGERALD	RESIDENTIAL	$377,000	40 ft
5232 PARK AVE MINNEAPOLIS MN 55417	MARTIN CLOUGH & AMY CLOUGH	RESIDENTIAL	$283,000	40 ft
5220 PARK AVE MINNEAPOLIS MN 55417	SUSAN I SCHIRBER	RESIDENTIAL	$432,600	80 ft
5236 PARK AVE MINNEAPOLIS MN 55417	D & L BENJAMIN	RESIDENTIAL	$395,000	80 ft
5216 PARK AVE MINNEAPOLIS MN 55417	ERIN KREBS & LIDA ROGERS	RESIDENTIAL	$426,000	120 ft
5240 PARK AVE MINNEAPOLIS MN 55417	B BLACK & M K ST MARTIN	RESIDENTIAL	$518,900	120 ft
5212 PARK AVE MINNEAPOLIS MN 55417	BETH A OLSON	RESIDENTIAL	$527,600	160 ft
5244 PARK AVE MINNEAPOLIS MN 55417	JUDITH A TYLER	RESIDENTIAL	$495,000	160 ft
5229 PORTLAND AVE MINNEAPOLIS MN 55417	DOUGLAS L OLSON	RESIDENTIAL	$354,000	178 ft
5233 PORTLAND AVE MINNEAPOLIS MN 55417	HOLLY SAWCHUK	RESIDENTIAL	$442,900	181 ft

Property History

Current Tax Year

Year2026

Tax Due$4,003