5878 OAKLAND AVE MINNEAPOLIS MN 55417

PID: 2302824320010

Property Overview

Parcel ID2302824320010

Lot Size7,012 sq ft (0.161 ac)

Lot Dimensions (est.)119 ft wide × 59 ft deep

Year Built1942

Property ClassRESIDENTIAL

OwnerG CARLSON & P CARLSON

Assessed Value$518,300

Land Value$172,000

Building Value$346,300

Annual Tax$8,057

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2022 · $34K total declared value · Most recent: Jun 2025 (res)

ResJun 2025Final Inspection

Right Way Plumbing LLC

RemodelJun 2025Inspection

$34K

CORE DESIGN BUILD LLP

ResDec 2024Closed

CenterPoint Energy Resource Corp

ExistresJul 2023Closed

CENTERPOINT ENERGY

ResApr 2022Closed

Appliance Connections 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width106 ft

Buildable depth19 ft

Area~3,678 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 3,678 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5872 OAKLAND AVE MINNEAPOLIS MN 55417	NICK BUHTA & MARISA PETRARCA	RESIDENTIAL	$422,700	60 ft
5866 OAKLAND AVE MINNEAPOLIS MN 55417	F V CORTES & J R VAZQUEZ	RESIDENTIAL	$520,000	120 ft
5897 PORTLAND AVE MINNEAPOLIS MN 55417	M & A SMITH	RESIDENTIAL	$423,600	131 ft
5900 OAKLAND AVE MINNEAPOLIS MN 55417	PAUL EDWARD JOHNSON	RESIDENTIAL	$770,000	131 ft
5893 PORTLAND AVE MINNEAPOLIS MN 55417	JANET WESTENBERG	RESIDENTIAL	$378,600	144 ft
5879 OAKLAND AVE MINNEAPOLIS MN 55417	D E PATTERSON/C B PATTERSON	RESIDENTIAL	$523,600	173 ft
5889 PORTLAND AVE MINNEAPOLIS MN 55417	T L PARKER-GREWE & S WOOLERY	RESIDENTIAL	$462,600	177 ft
5873 OAKLAND AVE MINNEAPOLIS MN 55417	L D NELSON & T J NELSON	RESIDENTIAL	$467,800	177 ft
5860 OAKLAND AVE MINNEAPOLIS MN 55417	LUIS EDUARDO ROMO III ET AL	RESIDENTIAL	$526,800	180 ft
5901 PORTLAND AVE MINNEAPOLIS MN 55417	E & J OLSON	RESIDENTIAL	$429,400	184 ft

Property History

Most Recent Sale

Date200210

Price$341,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,057