5937 CHICAGO AVE MINNEAPOLIS MN 55417

PID: 2302824310194

Property Overview

Parcel ID2302824310194

Lot Size7,378 sq ft (0.169 ac)

Lot Dimensions (est.)119 ft wide × 62 ft deep

Year Built1955

Property ClassRESIDENTIAL-TWO UNIT

OwnerE M BERVIK & M E BERVIK

Assessed Value$419,500

Land Value$129,000

Building Value$290,500

Annual Tax$7,936

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2022 · $52K total declared value · Most recent: Sep 2024 (existres)

ExistresSep 2024Cancelled

Super Heating and Cooling LLC

ExistresSep 2024Closed

Super Heating and Cooling LLC

RemodelSep 2024Final Inspection

$50K

Evan Reminick LLC

ResAug 2024Closed

Marchand Plumbing and Gas LLC

ExistresAug 2024Closed

McQuillan Home Services LLC

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width52 ft

Buildable depth79 ft

Area~4,098 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 3-story wood frame (5–12 units) benchmarks for 4,098 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5933 CHICAGO AVE MINNEAPOLIS MN 55417	MICHAEL SCHAEFBAUER	RESIDENTIAL-TWO UNIT	$384,900	56 ft
800 60TH ST E MINNEAPOLIS MN 55417	ROSS E HYDE/ TARA BOEDEKER	RESIDENTIAL	$428,600	61 ft
5929 CHICAGO AVE MINNEAPOLIS MN 55417	B M & S S PEREZ ET AL	RESIDENTIAL-TWO UNIT	$397,500	106 ft
5936 ELLIOT AVE MINNEAPOLIS MN 55417	Z T SHANNON & J P D AVILEZ	RESIDENTIAL	$357,400	132 ft
5932 ELLIOT AVE MINNEAPOLIS MN 55417	J F & L E CANNON	RESIDENTIAL	$402,100	142 ft
812 60TH ST E MINNEAPOLIS MN 55417	ALLAN M CUMMINS	RESIDENTIAL-TWO UNIT	$418,400	145 ft
5925 CHICAGO AVE MINNEAPOLIS MN 55417	4407 PORTLAND LLC	RESIDENTIAL-TWO UNIT	$386,400	157 ft
5928 ELLIOT AVE MINNEAPOLIS MN 55417	J SCHECKMAN & R T SCHECKMAN	RESIDENTIAL	$431,600	171 ft
5936 CHICAGO AVE MINNEAPOLIS MN 55417	ALYSSA N HANSON	RESIDENTIAL-TWO UNIT	$489,800	200 ft
5932 CHICAGO AVE MINNEAPOLIS MN 55417	AMRA PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$480,600	206 ft

Property History

Most Recent Sale

Date202107

Price$400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,936