5828 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824320022

Property Overview

Parcel ID2302824320022

Lot Size7,867 sq ft (0.181 ac)

Lot Dimensions (est.)120 ft wide × 66 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerLYNDA K CARLSON

Assessed Value$474,000

Land Value$176,000

Building Value$298,000

Annual Tax$7,283

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

2 permits on record since 2020 · $19K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2020Closed

$19K

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 rent1,284/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 depth87 ft

Area~4,420 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 4,420 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5834 PARK AVE MINNEAPOLIS MN 55417	G R & C A JOHNSON	RESIDENTIAL	$438,400	64 ft
5826 PARK AVE MINNEAPOLIS MN 55417	Q C BOONE & S T BOONE	RESIDENTIAL	$525,600	66 ft
5840 PARK AVE MINNEAPOLIS MN 55417	J INGALSBE & E R H INGALSBE	RESIDENTIAL	$424,100	124 ft
5843 OAKLAND AVE MINNEAPOLIS MN 55417	ERIN P TRACY & M S PETERSEN	RESIDENTIAL	$544,700	130 ft
5822 PARK AVE MINNEAPOLIS MN 55417	F & E MURRAY	RESIDENTIAL	$366,400	132 ft
5849 OAKLAND AVE MINNEAPOLIS MN 55417	D D ARONSON & G C MARTIN	RESIDENTIAL	$395,300	141 ft
5839 OAKLAND AVE MINNEAPOLIS MN 55417	STAAB REVOCABLE FAMILY TRUST	RESIDENTIAL	$536,700	146 ft
5825 PARK AVE MINNEAPOLIS MN 55417	AARON LOOMIS & CHIN KWOK	RESIDENTIAL	$415,800	171 ft
5855 OAKLAND AVE MINNEAPOLIS MN 55417	W NAUGHTON & E RUDNICK	RESIDENTIAL	$462,300	173 ft
5829 PARK AVE MINNEAPOLIS MN 55417	ALLISON R VAN DYK	RESIDENTIAL	$468,400	173 ft

Property History

Most Recent Sale

Date201406

Price$325,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,283