700 58TH ST E MINNEAPOLIS MN 55417

PID: 2302824230016

Property Overview

Parcel ID2302824230016

Lot Size6,009 sq ft (0.138 ac)

Lot Dimensions (est.)103 ft wide × 58 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerD & M MCKEEN

Assessed Value$470,100

Land Value$158,000

Building Value$312,100

Annual Tax$7,191

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 2022 · $10K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

MiscAug 2022Closed

$10K

MODERN EXTERIORS 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

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 width37 ft

Buildable depth88 ft

Area~3,234 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 3,234 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
638 58TH ST E MINNEAPOLIS MN 55417	DEBORAH LARSEN	RESIDENTIAL	$415,000	47 ft
704 58TH ST E MINNEAPOLIS MN 55417	J C LEARY & C A LEARY	RESIDENTIAL	$439,300	48 ft
708 58TH ST E MINNEAPOLIS MN 55417	M A DEGIUSTI & K L DEGIUSTI	RESIDENTIAL	$494,900	95 ft
634 58TH ST E MINNEAPOLIS MN 55417	W MARTIN & S HAMM	RESIDENTIAL	$468,000	95 ft
712 58TH ST E MINNEAPOLIS MN 55417	B L HAUGSTAD & M M HAUGSTAD	RESIDENTIAL	$507,900	142 ft
709 57TH ST E MINNEAPOLIS MN 55417	R & J MYERS	RESIDENTIAL	$420,500	142 ft
630 58TH ST E MINNEAPOLIS MN 55417	NOAH BROWN/ELIZABETH MARTIN	RESIDENTIAL	$390,200	144 ft
705 57TH ST E MINNEAPOLIS MN 55417	S A & A R HOLDAHL TRUST	RESIDENTIAL	$439,300	145 ft
715 57TH ST E MINNEAPOLIS MN 55417	C L & H A HILLSTROM	RESIDENTIAL	$511,600	160 ft
701 57TH ST E MINNEAPOLIS MN 55417	A O DEMEHIN & D J DEMEHIN	RESIDENTIAL	$570,200	168 ft

Property History

Most Recent Sale

Date199305

Price$1

Type—

Current Tax Year

Year2026

Tax Due$7,191