On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
No permits found in Minneapolis open data for this parcel.
Diamond Lake · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 120.03
Zip code 55417
Source: Redfin Data Center (Invalid Date) · Zip 55417
Residential Mixed-Use 1 — low-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 7,127 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 5536 CHICAGO AVE MINNEAPOLIS MN 55417 | NB ENTERPRISES LLC | RESIDENTIAL | $438,000 | 75 ft |
| 5530 CHICAGO AVE MINNEAPOLIS MN 55417 | SPENCER BREW | RESIDENTIAL-TWO UNIT | $420,700 | 125 ft |
| 5541 COLUMBUS AVE MINNEAPOLIS MN 55417 | M G LIEB & C W LIEB | RESIDENTIAL | $508,200 | 139 ft |
| 5545 COLUMBUS AVE MINNEAPOLIS MN 55417 | ALI MINA & VANESSA MINA | RESIDENTIAL | $648,000 | 140 ft |
| 5537 COLUMBUS AVE MINNEAPOLIS MN 55417 | M & C MILLIGAN | RESIDENTIAL | $456,600 | 156 ft |
| 5528 CHICAGO AVE MINNEAPOLIS MN 55417 | ELIZABETH L CHEATHAM | RESIDENTIAL-TWO UNIT | $538,100 | 175 ft |
| 5533 COLUMBUS AVE MINNEAPOLIS MN 55417 | J P JONES & C L BALEGA | RESIDENTIAL | $504,000 | 184 ft |
| 5545 CHICAGO AVE MINNEAPOLIS MN 55417 | LINDA ANN TORKELSON | CONDOMINIUM | $195,800 | 204 ft |
| 5545 CHICAGO AVE MINNEAPOLIS MN 55417 | M E COMEAUX & E TORTORICH | CONDOMINIUM | $169,100 | 204 ft |
| 5545 CHICAGO AVE MINNEAPOLIS MN 55417 | JOHN WAGNER/MATTHEW WAGNER | CONDOMINIUM | $176,600 | 204 ft |
Most Recent Sale
Current Tax Year