5428 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824220055

Property Overview

Parcel ID2302824220055

Lot Size10,499 sq ft (0.241 ac)

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

Year Built1939

Property ClassRESIDENTIAL

OwnerRICHARD H & JOAN A HILDEN

Assessed Value$538,300

Land Value$215,000

Building Value$323,300

Annual Tax$8,824

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 2017 · Most recent: Apr 2017 (res)

ResApr 2017Closed

Urban Pine Plumbing and Mechanical Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Page · 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth170 ft

Area~6,798 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 6,798 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5424 PARK AVE MINNEAPOLIS MN 55417	A R G GUENTZEL/K S GUENTZEL	RESIDENTIAL	$562,400	50 ft
5432 PARK AVE MINNEAPOLIS MN 55417	N SCHMIDT & F SCHMIDT	RESIDENTIAL	$535,000	50 ft
5420 PARK AVE MINNEAPOLIS MN 55417	FISHER LIVING TRUST	RESIDENTIAL	$552,000	100 ft
5436 PARK AVE MINNEAPOLIS MN 55417	H A KNAUS & J A KNAUS	RESIDENTIAL	$534,600	100 ft
5416 PARK AVE MINNEAPOLIS MN 55417	STACY D POWERS TRUST	RESIDENTIAL	$506,000	150 ft
5440 PARK AVE MINNEAPOLIS MN 55417	AMY S NEWTON/MICHAEL NEWTON	RESIDENTIAL	$798,900	150 ft
5412 PARK AVE MINNEAPOLIS MN 55417	D C MORENO & J B MORENO	RESIDENTIAL	$521,300	200 ft
5444 PARK AVE MINNEAPOLIS MN 55417	NELSON REVOCABLE FAMILY TR	RESIDENTIAL	$641,000	202 ft
5429 PARK AVE MINNEAPOLIS MN 55417	ROBERTA ANNE BERRY	RESIDENTIAL	$556,000	248 ft
5429 PORTLAND AVE MINNEAPOLIS MN 55417	I M ROHDE & N E CLARK	RESIDENTIAL	$485,800	248 ft

Property History

Current Tax Year

Year2026

Tax Due$8,824