716 58TH ST E MINNEAPOLIS MN 55417

PID: 2302824230012

Property Overview

Parcel ID2302824230012

Lot Size5,966 sq ft (0.137 ac)

Lot Dimensions (est.)92 ft wide × 65 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerR C WELSHANS/C L WELSHANS TR

Assessed Value$434,400

Land Value$157,000

Building Value$277,400

Annual Tax$6,594

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

2 permits on record since 2021 · $14K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

MiscApr 2021Closed

$14K

Holmlund Masonry Inc

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 depth79 ft

Area~3,195 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 3,195 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
720 58TH ST E MINNEAPOLIS MN 55417	MARGARET M ROTH REVOC TRUST	RESIDENTIAL	$434,300	47 ft
712 58TH ST E MINNEAPOLIS MN 55417	B L HAUGSTAD & M M HAUGSTAD	RESIDENTIAL	$507,900	47 ft
724 58TH ST E MINNEAPOLIS MN 55417	HALEY EPPING	RESIDENTIAL	$415,700	95 ft
708 58TH ST E MINNEAPOLIS MN 55417	M A DEGIUSTI & K L DEGIUSTI	RESIDENTIAL	$494,900	95 ft
704 58TH ST E MINNEAPOLIS MN 55417	J C LEARY & C A LEARY	RESIDENTIAL	$439,300	142 ft
728 58TH ST E MINNEAPOLIS MN 55417	D A PALMIERI & N R PALMIERI	RESIDENTIAL	$437,600	144 ft
721 57TH ST E MINNEAPOLIS MN 55417	K J TIMANDER & A M TIMANDER	RESIDENTIAL	$545,700	145 ft
717 57TH ST E MINNEAPOLIS MN 55417	J M WELLS & L L WELLS	RESIDENTIAL	$448,500	146 ft
5800 COLUMBUS AVE MINNEAPOLIS MN 55417	ROBERT G NOBLE & WIFE	RESIDENTIAL	$490,000	147 ft
725 57TH ST E MINNEAPOLIS MN 55417	SARAH A ZIMMEL	RESIDENTIAL	$438,500	167 ft

Property History

Current Tax Year

Year2026

Tax Due$6,594