5532 12TH AVE S MINNEAPOLIS MN 55417

PID: 2302824210136

Property Overview

Parcel ID2302824210136

Lot Size6,057 sq ft (0.139 ac)

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

Year Built1933

Property ClassRESIDENTIAL

OwnerKATHRYN L NELSEN

Assessed Value$541,200

Land Value$186,000

Building Value$355,200

Annual Tax$8,490

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

1 permit on record since 2024 · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

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$390K+0.0% YoY

Median price / sqft$253/sqft

Median days to close13 days

Active listings29

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 width40 ft

Buildable depth81 ft

Area~3,244 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 3,244 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
5528 12TH AVE S MINNEAPOLIS MN 55417	S SCHWANDT & C SCHWANDT	RESIDENTIAL	$470,900	50 ft
5536 12TH AVE S MINNEAPOLIS MN 55417	MARILYNN KLEIN HAMMOND LV TR	RESIDENTIAL	$567,700	50 ft
5524 12TH AVE S MINNEAPOLIS MN 55417	ALAN J MOORE/LEANNE R MOORE	RESIDENTIAL	$539,500	100 ft
5540 12TH AVE S MINNEAPOLIS MN 55417	THOMAS W ANDERSON	RESIDENTIAL	$504,100	100 ft
5533 11TH AVE S MINNEAPOLIS MN 55417	A F MEYER & M T MEYER	RESIDENTIAL	$582,000	135 ft
5529 11TH AVE S MINNEAPOLIS MN 55417	M J PERRY & P A PERRY	RESIDENTIAL	$592,900	142 ft
5537 11TH AVE S MINNEAPOLIS MN 55417	D & J PHILLIPPI	RESIDENTIAL	$473,500	145 ft
5520 12TH AVE S MINNEAPOLIS MN 55417	P REGULA & A SCHULZ	RESIDENTIAL	$487,900	150 ft
5544 12TH AVE S MINNEAPOLIS MN 55417	M D BICHSEL REVOC TRUST ETAL	RESIDENTIAL	$522,200	155 ft
5525 11TH AVE S MINNEAPOLIS MN 55417	JOHN R NEWTON/AMBER C NEWTON	RESIDENTIAL	$580,000	166 ft

Property History

Most Recent Sale

Date200710

Price$348,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,490