720 56TH ST E MINNEAPOLIS MN 55417

PID: 2302824220104

Property Overview

Parcel ID2302824220104

Lot Size5,995 sq ft (0.138 ac)

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

Year Built1949

Property ClassRESIDENTIAL

OwnerS SINGH & A R SINGH

Assessed Value$550,000

Land Value$186,000

Building Value$364,000

Annual Tax$8,940

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 rent1,284/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

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 width107 ft

Buildable depth10 ft

Area~1,077 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 1,077 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5540 COLUMBUS AVE MINNEAPOLIS MN 55417	B F CAMPBELL & D S WEBB	RESIDENTIAL	$486,200	50 ft
5536 COLUMBUS AVE MINNEAPOLIS MN 55417	D J MCGINTY & C TKACZ	RESIDENTIAL	$564,000	100 ft
708 56TH ST E MINNEAPOLIS MN 55417	P A MOE & J M MOE	RESIDENTIAL	$561,400	137 ft
5541 PARK AVE MINNEAPOLIS MN 55417	RANDALL B STRANDNESS	RESIDENTIAL	$614,000	146 ft
5532 COLUMBUS AVE MINNEAPOLIS MN 55417	J A BURDETTE & M J USS	RESIDENTIAL	$509,100	150 ft
5537 PARK AVE MINNEAPOLIS MN 55417	NICHOLAS & ERIN E CONTI	RESIDENTIAL	$497,000	169 ft
5545 COLUMBUS AVE MINNEAPOLIS MN 55417	ALI MINA & VANESSA MINA	RESIDENTIAL	$648,000	181 ft
5541 COLUMBUS AVE MINNEAPOLIS MN 55417	M G LIEB & C W LIEB	RESIDENTIAL	$508,200	189 ft
5528 COLUMBUS AVE MINNEAPOLIS MN 55417	FRANK P PISKOLICH	RESIDENTIAL	$516,700	200 ft
5533 PARK AVE MINNEAPOLIS MN 55417	N S BECK & L SYGNECKI	RESIDENTIAL	$513,000	202 ft

Property History

Most Recent Sale

Date200007

Price$194,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,940