315 DIAMOND LAKE RD E MINNEAPOLIS MN 55419

PID: 2202824110048

Property Overview

Parcel ID2202824110048

Lot Size6,339 sq ft (0.146 ac)

Lot Dimensions (est.)69 ft wide × 92 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerM F MILLER & L J NYHUS

Assessed Value$308,500

Land Value$150,000

Building Value$158,500

Annual Tax$4,495

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $25K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

MiscSep 2023Closed

$25K

GATES GENERAL CONTRACTORS INC

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$535K+0.3% YoY

Median price / sqft$293/sqft

Median days to close12 days

Active listings39

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 width56 ft

Buildable depth52 ft

Area~3,227 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 3,227 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
311 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	N LINSTROTH & THERESE PRICE	RESIDENTIAL	$405,700	45 ft
321 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	A MACLEOD/CARRIE L DRINKWINE	RESIDENTIAL	$484,700	50 ft
307 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	SARAH L HALVERSON	RESIDENTIAL	$315,800	87 ft
303 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	G AULWES & K A DEUSCHLE	RESIDENTIAL	$499,000	132 ft
5508 CLINTON AVE MINNEAPOLIS MN 55419	DEAN R BJORKSTRAND ET AL	RESIDENTIAL	$627,000	174 ft
301 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	DAVID S FERNALD	RESIDENTIAL	$468,200	187 ft
5509 CLINTON AVE MINNEAPOLIS MN 55419	D C COX & J A HEINEMAN	RESIDENTIAL	$548,700	192 ft
5515 CLINTON AVE MINNEAPOLIS MN 55419	ANITA M PROSSER TRUST	RESIDENTIAL	$552,900	196 ft
5519 CLINTON AVE MINNEAPOLIS MN 55419	D J LOEWENSON/M J LOEWENSON	RESIDENTIAL	$559,300	211 ft
318 DIAMOND LAKE RD E MINNEAPOLIS MN 55419	S A GERRY & K WISTRCILL	RESIDENTIAL	$450,000	211 ft

Property History

Most Recent Sale

Date199603

Price$130,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,495