5708 12TH AVE S MINNEAPOLIS MN 55417

PID: 2302824240167

Property Overview

Parcel ID2302824240167

Lot Size5,996 sq ft (0.138 ac)

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

Year Built1940

Property ClassRESIDENTIAL

OwnerDAVID R TROUTWINE ET AL TR

Assessed Value$502,300

Land Value$186,000

Building Value$316,300

Annual Tax$7,731

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

8 permits on record since 2018 · $79K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

RemodelJan 2023Closed

$4K

BRS Field Ops, LLC

ResJan 2022Closed

Warners Stellian Co Inc

ResSep 2019Closed

Water Heaters Now Inc

ExistresAug 2018Closed

GV Heating and Air 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 depth80 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 sfr / adu benchmarks for 3,195 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
5704 12TH AVE S MINNEAPOLIS MN 55417	J A MOREEN & J C MOREEN	RESIDENTIAL	$507,000	50 ft
5712 12TH AVE S MINNEAPOLIS MN 55417	D HARTY & E GEROGEROGE TRUST	RESIDENTIAL	$480,000	50 ft
5700 12TH AVE S MINNEAPOLIS MN 55417	C L FARNHAM & A CHILDERS	RESIDENTIAL	$449,000	100 ft
5716 12TH AVE S MINNEAPOLIS MN 55417	SUSAN M SKELTON & IAN LEASK	RESIDENTIAL	$465,000	100 ft
5709 11TH AVE S MINNEAPOLIS MN 55417	T C PARKS & T PARKS	RESIDENTIAL	$440,300	134 ft
5705 11TH AVE S MINNEAPOLIS MN 55417	K WILLIAMS & S WILLIAMS	RESIDENTIAL	$444,700	141 ft
5715 11TH AVE S MINNEAPOLIS MN 55417	MICHAEL T BEERY	RESIDENTIAL	$452,000	144 ft
5720 12TH AVE S MINNEAPOLIS MN 55417	CINDY RIPPA & MARK HELGESON	RESIDENTIAL	$538,900	150 ft
5701 11TH AVE S MINNEAPOLIS MN 55417	CAROLYN M BERG TRUST	RESIDENTIAL	$455,200	165 ft
5719 11TH AVE S MINNEAPOLIS MN 55417	B A KAUFMAN & L M KAUFMAN	RESIDENTIAL	$744,700	169 ft

Property History

Most Recent Sale

Date202506

Price$570,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,731