5400 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824220048

Property Overview

Parcel ID2302824220048

Lot Size10,499 sq ft (0.241 ac)

Lot Dimensions (est.)210 ft wide × 50 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerB S EDWARDS/J F EDWARDS

Assessed Value$500,800

Land Value$204,000

Building Value$296,800

Annual Tax$7,940

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

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 width197 ft

Buildable depth10 ft

Area~6,289 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 6,289 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5404 PARK AVE MINNEAPOLIS MN 55417	A J COX & A M O COX	RESIDENTIAL	$546,300	50 ft
5408 PARK AVE MINNEAPOLIS MN 55417	JEFF T HENNING-SMITH ET AL	RESIDENTIAL	$524,200	100 ft
5356 PARK AVE MINNEAPOLIS MN 55417	DANIEL MCPEAK & SARAH MCPEAK	RESIDENTIAL	$518,300	115 ft
624 54TH ST E MINNEAPOLIS MN 55417	KEITH A INGLIS	RESIDENTIAL	$485,900	148 ft
5412 PARK AVE MINNEAPOLIS MN 55417	D C MORENO & J B MORENO	RESIDENTIAL	$521,300	150 ft
5352 PARK AVE MINNEAPOLIS MN 55417	C A DIROSE & M D DIROSE	RESIDENTIAL	$416,700	154 ft
5348 PARK AVE MINNEAPOLIS MN 55417	JAMES A LASS & WIFE	RESIDENTIAL	$457,800	191 ft
5416 PARK AVE MINNEAPOLIS MN 55417	STACY D POWERS TRUST	RESIDENTIAL	$506,000	200 ft
5344 PARK AVE MINNEAPOLIS MN 55417	S L FORSBERG & D G ANDERSON	RESIDENTIAL	$488,000	231 ft
5401 PORTLAND AVE MINNEAPOLIS MN 55417	G AF GODDARD & K E REDALEN	RESIDENTIAL	$552,000	238 ft

Property History

Most Recent Sale

Date199705

Price$132,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,940