5500 12TH AVE S MINNEAPOLIS MN 55417

PID: 2302824210128

Property Overview

Parcel ID2302824210128

Lot Size6,081 sq ft (0.140 ac)

Lot Dimensions (est.)122 ft wide × 50 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerKAREN M BOISVERT

Assessed Value$462,900

Land Value$187,000

Building Value$275,900

Annual Tax$7,070

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

3 permits on record since 2018 · $7K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ExistresJul 2020Closed

NORTHERNS ONE HOUR HEATING AND AIR CONDITIONING

MiscJul 2018Closed

$7K

ALLSTAR CONSTRUCTION RESIDENTIAL 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 rent1,798/mo

Renter-occupied6.8%

Median home value$416K

Vacancy rate0.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 117.04

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

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 width109 ft

Buildable depth10 ft

Area~3,018 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 3,018 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
5504 12TH AVE S MINNEAPOLIS MN 55417	C J PETERSEN & A L KORINKO	RESIDENTIAL	$600,000	50 ft
5508 12TH AVE S MINNEAPOLIS MN 55417	SHANNA J BRADLEY	RESIDENTIAL	$477,600	100 ft
5501 11TH AVE S MINNEAPOLIS MN 55417	J CARTER & A VEIT-CARTER	RESIDENTIAL	$566,500	135 ft
5505 11TH AVE S MINNEAPOLIS MN 55417	COLLEEN GAIL LENZ	RESIDENTIAL	$454,100	146 ft
5512 12TH AVE S MINNEAPOLIS MN 55417	P J CAILLIER & M P TSCHIDA	RESIDENTIAL	$487,000	150 ft
5509 11TH AVE S MINNEAPOLIS MN 55417	DONOVAN NIESEN/MEGAN NIESEN	RESIDENTIAL	$563,300	171 ft
5516 12TH AVE S MINNEAPOLIS MN 55417	A MALTRY & M D HAHN	RESIDENTIAL	$704,900	200 ft
5501 12TH AVE S MINNEAPOLIS MN 55417	C J SAUNDERS/G A O SAUNDERS	RESIDENTIAL	$493,900	202 ft
5515 11TH AVE S MINNEAPOLIS MN 55417	C N JAMES & C J WASHICK	RESIDENTIAL	$591,000	205 ft
5505 12TH AVE S MINNEAPOLIS MN 55417	ELENA K FLORY	RESIDENTIAL	$543,200	206 ft

Property History

Current Tax Year

Year2026

Tax Due$7,070