5529 COLUMBUS AVE MINNEAPOLIS MN 55417

PID: 2302824220132

Property Overview

Parcel ID2302824220132

Lot Size6,196 sq ft (0.142 ac)

Lot Dimensions (est.)124 ft wide × 50 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerTODD F ERNST & DEBRA A ERNST

Assessed Value$481,000

Land Value$184,000

Building Value$297,000

Annual Tax$7,664

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $14K total declared value · Most recent: Jan 2023 (existres)

ExistresJan 2023Closed

Schwantes Heating and Air

MiscSep 2020Closed

$14K

BUILT STRONG EXTERIORS LLC

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth84 ft

Area~3,355 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 small multifamily (2–4 units, wood frame) benchmarks for 3,355 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5533 COLUMBUS AVE MINNEAPOLIS MN 55417	J P JONES & C L BALEGA	RESIDENTIAL	$504,000	50 ft
5525 COLUMBUS AVE MINNEAPOLIS MN 55417	L M STOWE & K N COBB	RESIDENTIAL	$456,600	50 ft
5537 COLUMBUS AVE MINNEAPOLIS MN 55417	M & C MILLIGAN	RESIDENTIAL	$456,600	100 ft
5521 COLUMBUS AVE MINNEAPOLIS MN 55417	T D & K M H OLSON	RESIDENTIAL	$457,200	100 ft
5528 CHICAGO AVE MINNEAPOLIS MN 55417	ELIZABETH L CHEATHAM	RESIDENTIAL-TWO UNIT	$538,100	137 ft
5530 CHICAGO AVE MINNEAPOLIS MN 55417	SPENCER BREW	RESIDENTIAL-TWO UNIT	$420,700	146 ft
5524 CHICAGO AVE MINNEAPOLIS MN 55417	JEAN M FOX & KRIS A PEARSON	RESIDENTIAL-TWO UNIT	$557,800	147 ft
5541 COLUMBUS AVE MINNEAPOLIS MN 55417	M G LIEB & C W LIEB	RESIDENTIAL	$508,200	150 ft
5517 COLUMBUS AVE MINNEAPOLIS MN 55417	A E GREENAWALT/Z GREENAWALT	RESIDENTIAL	$486,900	150 ft
5536 CHICAGO AVE MINNEAPOLIS MN 55417	NB ENTERPRISES LLC	RESIDENTIAL	$438,000	168 ft

Property History

Most Recent Sale

Date200008

Price$212,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,664