321 DIAMOND LAKE RD E MINNEAPOLIS MN 55419

PID: 2202824110047

Property Overview

Parcel ID2202824110047

Lot Size6,384 sq ft (0.147 ac)

Lot Dimensions (est.)87 ft wide × 73 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerA MACLEOD/CARRIE L DRINKWINE

Assessed Value$484,700

Land Value$154,000

Building Value$330,700

Annual Tax$8,970

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2021 · $7K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

MiscJul 2021Closed

$7K

Jensen GC LLC

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

Neighborhood Profile

Diamond Lake · Minneapolis

Median reported rent1,284/mo

Renter-occupied43.4%

Median home value$373K

Vacancy rate7.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 120.03

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width74 ft

Buildable depth33 ft

Area~3,331 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 3,331 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
315 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	M F MILLER & L J NYHUS	RESIDENTIAL	$308,500	50 ft
311 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	N LINSTROTH & THERESE PRICE	RESIDENTIAL	$405,700	94 ft
307 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	SARAH L HALVERSON	RESIDENTIAL	$315,800	136 ft
5509 CLINTON AVE MINNEAPOLIS MN 55419	D C COX & J A HEINEMAN	RESIDENTIAL	$548,700	149 ft
5515 CLINTON AVE MINNEAPOLIS MN 55419	ANITA M PROSSER TRUST	RESIDENTIAL	$552,900	169 ft
5501 CLINTON AVE MINNEAPOLIS MN 55419	MICHELLE LIAN-ANDERSON ET AL	RESIDENTIAL	$592,000	170 ft
303 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	G AULWES & K A DEUSCHLE	RESIDENTIAL	$499,000	181 ft
5454 CLINTON AVE MINNEAPOLIS MN 55419	T J JOHNSON & M J BITZAN	RESIDENTIAL	$574,000	202 ft
5519 CLINTON AVE MINNEAPOLIS MN 55419	D J LOEWENSON/M J LOEWENSON	RESIDENTIAL	$559,300	204 ft
318 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	S A GERRY & K WISTRCILL	RESIDENTIAL	$450,000	206 ft

Property History

Most Recent Sale

Date201510

Price$311,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,970