5901 DIAMOND LAKE LA MINNEAPOLIS MN 55419

PID: 2202824410107

Property Overview

Parcel ID2202824410107

Lot Size6,612 sq ft (0.152 ac)

Lot Dimensions (est.)133 ft wide × 50 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerWARREN W HANSON REV TRUST

Assessed Value$472,100

Land Value$198,000

Building Value$274,100

Annual Tax$7,223

Environmental Constraints

FloodplainUnknown

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2021 · $13K total declared value · Most recent: Jun 2025 (res)

ResJun 2025Closed

CenterPoint Energy Resource Corp

MiscJul 2021Closed

$13K

Summit Construction Group

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width160 ft

Buildable depth0 ft

Area~1,057 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,057 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5905 DIAMOND LAKE LA MINNEAPOLIS MN 55419	MITCHEL & TARA R PILIPOVIC	RESIDENTIAL	$419,500	52 ft
5909 DIAMOND LAKE LA MINNEAPOLIS MN 55419	G T WILSON & S M WILSON	RESIDENTIAL	$410,600	103 ft
510 DIAMOND LAKE LA MINNEAPOLIS MN 55419	S G & S H LARSEN	RESIDENTIAL	$615,900	123 ft
521 DIAMOND LAKE LA MINNEAPOLIS MN 55419	W & R DOTY JT REV TRUST	RESIDENTIAL	$463,000	145 ft
5904 PORTLAND AVE MINNEAPOLIS MN 55417	JENNIFER HOLTZ/MICHAEL HOLTZ	RESIDENTIAL	$402,000	153 ft
5915 DIAMOND LAKE LA MINNEAPOLIS MN 55419	ANNE MOLINAR/ANTHONY MOLINAR	RESIDENTIAL	$461,900	155 ft
5912 DIAMOND LAKE LA MINNEAPOLIS MN 55419	THOMAS & LAUREN GREENBERG	RESIDENTIAL	$634,000	167 ft
520 DIAMOND LAKE LA MINNEAPOLIS MN 55419	D B MEIER & M D EVANS	RESIDENTIAL	$562,700	175 ft
5908 PORTLAND AVE MINNEAPOLIS MN 55417	JENNIFER K HAMRI	RESIDENTIAL	$677,800	178 ft
5850 PORTLAND AVE MINNEAPOLIS MN 55417	R & G PETERSON	RESIDENTIAL-TWO UNIT	$573,800	207 ft

Property History

Most Recent Sale

Date199812

Price$148,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,223