5540 COLUMBUS AVE MINNEAPOLIS MN 55417

PID: 2302824220103

Property Overview

Parcel ID2302824220103

Lot Size5,995 sq ft (0.138 ac)

Lot Dimensions (est.)120 ft wide × 50 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerB F CAMPBELL & D S WEBB

Assessed Value$486,200

Land Value$186,000

Building Value$300,200

Annual Tax$7,742

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 2020 · $2K total declared value · Most recent: May 2023 (res)

ResMay 2023Closed

MN Plumbing & Home Services INC

RemodelMay 2021Closed

$2K

Midwest Egress

ResFeb 2020Closed

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 rent1,284/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 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 depth80 ft

Area~3,194 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 3,194 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
5536 COLUMBUS AVE MINNEAPOLIS MN 55417	D J MCGINTY & C TKACZ	RESIDENTIAL	$564,000	50 ft
720 56TH ST E MINNEAPOLIS MN 55417	S SINGH & A R SINGH	RESIDENTIAL	$550,000	50 ft
5532 COLUMBUS AVE MINNEAPOLIS MN 55417	J A BURDETTE & M J USS	RESIDENTIAL	$509,100	100 ft
5541 PARK AVE MINNEAPOLIS MN 55417	RANDALL B STRANDNESS	RESIDENTIAL	$614,000	137 ft
5537 PARK AVE MINNEAPOLIS MN 55417	NICHOLAS & ERIN E CONTI	RESIDENTIAL	$497,000	145 ft
708 56TH ST E MINNEAPOLIS MN 55417	P A MOE & J M MOE	RESIDENTIAL	$561,400	147 ft
5528 COLUMBUS AVE MINNEAPOLIS MN 55417	FRANK P PISKOLICH	RESIDENTIAL	$516,700	150 ft
5533 PARK AVE MINNEAPOLIS MN 55417	N S BECK & L SYGNECKI	RESIDENTIAL	$513,000	169 ft
5541 COLUMBUS AVE MINNEAPOLIS MN 55417	M G LIEB & C W LIEB	RESIDENTIAL	$508,200	181 ft
5545 COLUMBUS AVE MINNEAPOLIS MN 55417	ALI MINA & VANESSA MINA	RESIDENTIAL	$648,000	187 ft

Property History

Most Recent Sale

Date201411

Price$309,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,742