721 57TH ST E MINNEAPOLIS MN 55417

PID: 2302824230044

Property Overview

Parcel ID2302824230044

Lot Size6,875 sq ft (0.158 ac)

Lot Dimensions (est.)98 ft wide × 70 ft deep

Year Built1947

Property ClassRESIDENTIAL

OwnerK J TIMANDER & A M TIMANDER

Assessed Value$545,700

Land Value$166,000

Building Value$379,700

Annual Tax$8,575

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

3 permits on record since 2018 · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

ExistresApr 2019Closed

TEAM MECHANICAL INC

ResMar 2018Closed

Urban Pine Plumbing and Mechanical 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 width38 ft

Buildable depth103 ft

Area~3,846 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 3,846 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
717 57TH ST E MINNEAPOLIS MN 55417	J M WELLS & L L WELLS	RESIDENTIAL	$448,500	53 ft
725 57TH ST E MINNEAPOLIS MN 55417	SARAH A ZIMMEL	RESIDENTIAL	$438,500	58 ft
715 57TH ST E MINNEAPOLIS MN 55417	C L & H A HILLSTROM	RESIDENTIAL	$511,600	105 ft
720 58TH ST E MINNEAPOLIS MN 55417	MARGARET M ROTH REVOC TRUST	RESIDENTIAL	$434,300	142 ft
716 58TH ST E MINNEAPOLIS MN 55417	R C WELSHANS/C L WELSHANS TR	RESIDENTIAL	$434,400	145 ft
724 58TH ST E MINNEAPOLIS MN 55417	HALEY EPPING	RESIDENTIAL	$415,700	151 ft
5700 CHICAGO AVE MINNEAPOLIS MN 55417	BARBARA J HEDBLOOM	RESIDENTIAL-TWO UNIT	$426,200	156 ft
709 57TH ST E MINNEAPOLIS MN 55417	R & J MYERS	RESIDENTIAL	$420,500	156 ft
712 58TH ST E MINNEAPOLIS MN 55417	B L HAUGSTAD & M M HAUGSTAD	RESIDENTIAL	$507,900	157 ft
5704 CHICAGO AVE MINNEAPOLIS MN 55417	JOHN MICHAEL STIELOW	RESIDENTIAL-TWO UNIT	$411,500	171 ft

Property History

Most Recent Sale

Date200205

Price$271,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,575