5616 12TH AVE S MINNEAPOLIS MN 55417

PID: 2302824240005

Property Overview

Parcel ID2302824240005

Lot Size6,030 sq ft (0.138 ac)

Lot Dimensions (est.)121 ft wide × 50 ft deep

Year Built1936

Property ClassRESIDENTIAL

OwnerK P RIGGINS & R L RIGGINS

Assessed Value$597,700

Land Value$187,000

Building Value$410,700

Annual Tax$9,559

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $14K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

ResDec 2021Closed

Urban Pine Plumbing and Mechanical Inc

ExistresJun 2021Closed

Air Rite Mechanical Systems Inc

MiscOct 2018Closed

$14K

KAUFMAN SHEET METAL ROOFING 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 rent1,798/mo

Renter-occupied6.8%

Median home value$416K

Vacancy rate0.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 117.04

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 width40 ft

Buildable depth81 ft

Area~3,222 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 3,222 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5612 12TH AVE S MINNEAPOLIS MN 55417	S & K MILLER	RESIDENTIAL	$491,000	50 ft
5620 12TH AVE S MINNEAPOLIS MN 55417	K R PAUL & E G PAUL	RESIDENTIAL	$407,300	50 ft
5608 12TH AVE S MINNEAPOLIS MN 55417	M J GEBHARDT & T J GEBHARDT	RESIDENTIAL	$543,000	100 ft
5624 12TH AVE S MINNEAPOLIS MN 55417	COLLEEN M KOHLMEYER BROOKS	RESIDENTIAL	$457,900	100 ft
5617 11TH AVE S MINNEAPOLIS MN 55417	H G SWEMLE & C A MAKI	RESIDENTIAL	$640,000	134 ft
5615 11TH AVE S MINNEAPOLIS MN 55417	J E JOHNSON & C A TOFTEY	RESIDENTIAL	$472,600	142 ft
5621 11TH AVE S MINNEAPOLIS MN 55417	B R BRADSHAW & C A BRADSHAW	RESIDENTIAL	$567,000	144 ft
5604 12TH AVE S MINNEAPOLIS MN 55417	MICHAEL WILLIAMS/KAI BAUKOL	RESIDENTIAL	$484,500	150 ft
5628 12TH AVE S MINNEAPOLIS MN 55417	J HARKNESS/J L ROSE-HARKNESS	RESIDENTIAL	$388,500	150 ft
5609 11TH AVE S MINNEAPOLIS MN 55417	DANIEL BUHR & KATHERINE BUHR	RESIDENTIAL	$600,600	165 ft

Property History

Most Recent Sale

Date199504

Price$144,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,559