5834 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824320023

Property Overview

Parcel ID2302824320023

Lot Size7,008 sq ft (0.161 ac)

Lot Dimensions (est.)117 ft wide × 60 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerG R & C A JOHNSON

Assessed Value$438,400

Land Value$167,000

Building Value$271,400

Annual Tax$6,662

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

No permits found in Minneapolis open data for this parcel.

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 width50 ft

Buildable depth77 ft

Area~3,838 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 3,838 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5840 PARK AVE MINNEAPOLIS MN 55417	J INGALSBE & E R H INGALSBE	RESIDENTIAL	$424,100	60 ft
5828 PARK AVE MINNEAPOLIS MN 55417	LYNDA K CARLSON	RESIDENTIAL	$474,000	64 ft
5846 PARK AVE MINNEAPOLIS MN 55417	T J GOUETTE & C N REBER	RESIDENTIAL	$502,400	120 ft
5826 PARK AVE MINNEAPOLIS MN 55417	Q C BOONE & S T BOONE	RESIDENTIAL	$525,600	130 ft
5849 OAKLAND AVE MINNEAPOLIS MN 55417	D D ARONSON & G C MARTIN	RESIDENTIAL	$395,300	131 ft
5855 OAKLAND AVE MINNEAPOLIS MN 55417	W NAUGHTON & E RUDNICK	RESIDENTIAL	$462,300	140 ft
5843 OAKLAND AVE MINNEAPOLIS MN 55417	ERIN P TRACY & M S PETERSEN	RESIDENTIAL	$544,700	148 ft
5829 PARK AVE MINNEAPOLIS MN 55417	ALLISON R VAN DYK	RESIDENTIAL	$468,400	170 ft
5833 PARK AVE MINNEAPOLIS MN 55417	G D GOSSARD & E J GOSSARD	RESIDENTIAL	$538,000	171 ft
5861 OAKLAND AVE MINNEAPOLIS MN 55417	ISAAC V SMITH/EMMA L STRUSS	RESIDENTIAL	$468,300	172 ft

Property History

Most Recent Sale

Date198603

Price$89,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,662