5826 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824320021

Property Overview

Parcel ID2302824320021

Lot Size7,940 sq ft (0.182 ac)

Lot Dimensions (est.)128 ft wide × 62 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerQ C BOONE & S T BOONE

Assessed Value$525,600

Land Value$176,000

Building Value$349,600

Annual Tax$8,195

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

5 permits on record since 2012 · $103K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2020Closed

$4K

WINDOW WORLD

MiscAug 2020Closed

$4K

WINDOW WORLD

ExistresDec 2016Closed

MINNEAPOLIS-ST. PAUL PLUMBING, HEATING & AIR

Building Re-inspectionJul 2012

$95K

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 width52 ft

Buildable depth88 ft

Area~4,495 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 4,495 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5822 PARK AVE MINNEAPOLIS MN 55417	F & E MURRAY	RESIDENTIAL	$366,400	66 ft
5828 PARK AVE MINNEAPOLIS MN 55417	LYNDA K CARLSON	RESIDENTIAL	$474,000	66 ft
5834 PARK AVE MINNEAPOLIS MN 55417	G R & C A JOHNSON	RESIDENTIAL	$438,400	130 ft
5816 PARK AVE MINNEAPOLIS MN 55417	NANCY E LARSEN TRUSTEE	RESIDENTIAL	$567,600	132 ft
5839 OAKLAND AVE MINNEAPOLIS MN 55417	STAAB REVOCABLE FAMILY TRUST	RESIDENTIAL	$536,700	135 ft
5835 OAKLAND AVE MINNEAPOLIS MN 55417	RHONDA P RADEMACHER ET AL	RESIDENTIAL	$505,300	141 ft
5843 OAKLAND AVE MINNEAPOLIS MN 55417	ERIN P TRACY & M S PETERSEN	RESIDENTIAL	$544,700	148 ft
5829 OAKLAND AVE MINNEAPOLIS MN 55417	J D JACOB & B C JACOB	RESIDENTIAL	$511,900	165 ft
5821 PARK AVE MINNEAPOLIS MN 55417	ROSS B & C F MERRITT	RESIDENTIAL	$495,700	172 ft
5825 PARK AVE MINNEAPOLIS MN 55417	AARON LOOMIS & CHIN KWOK	RESIDENTIAL	$415,800	176 ft

Property History

Most Recent Sale

Date200307

Price$295,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,195