5805 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824230072

Property Overview

Parcel ID2302824230072

Lot Size5,805 sq ft (0.133 ac)

Lot Dimensions (est.)127 ft wide × 46 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerPAUL D WHARTON

Assessed Value$561,800

Land Value$156,000

Building Value$405,800

Annual Tax$8,881

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

7 permits on record since 2020 · $3K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

ExistresApr 2023Expired

Patton Heating And Air Conditioning Inc

ResApr 2023Closed

Bredahl Plumbing Inc

ResApr 2022Closed

SODERLIN PLUMBING HEATING AND AIR

ResNov 2021Closed

MN Plumbing & Home Services 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 width42 ft

Buildable depth72 ft

Area~3,073 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 3,073 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5801 PARK AVE MINNEAPOLIS MN 55417	R S SOUGSTAD & SARA LEFEBVRE	RESIDENTIAL	$425,000	46 ft
5809 PARK AVE MINNEAPOLIS MN 55417	C L SULLIVAN & T SULLIVAN	RESIDENTIAL	$481,200	47 ft
5815 PARK AVE MINNEAPOLIS MN 55417	RICHARD UTTING	RESIDENTIAL	$540,700	94 ft
5800 COLUMBUS AVE MINNEAPOLIS MN 55417	ROBERT G NOBLE & WIFE	RESIDENTIAL	$490,000	133 ft
5804 COLUMBUS AVE MINNEAPOLIS MN 55417	S J KNUTSON & J N KNUTSON	RESIDENTIAL	$412,900	140 ft
5817 PARK AVE MINNEAPOLIS MN 55417	STEPHEN PREMO/PRIYANKA PREMO	RESIDENTIAL	$499,300	143 ft
5808 COLUMBUS AVE MINNEAPOLIS MN 55417	DAVID J DERFLER ETAL	RESIDENTIAL	$412,100	165 ft
5804 PARK AVE MINNEAPOLIS MN 55417	RACHEL VICTORIA ISOLA	RESIDENTIAL	$417,800	167 ft
5810 PARK AVE MINNEAPOLIS MN 55417	JULIA K PRICE	RESIDENTIAL	$451,700	174 ft
5800 PARK AVE MINNEAPOLIS MN 55417	KAREN SUE WILLIAMS	RESIDENTIAL	$576,000	185 ft

Property History

Most Recent Sale

Date199208

Price$118,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,881