5846 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824320025

Property Overview

Parcel ID2302824320025

Lot Size7,115 sq ft (0.163 ac)

Lot Dimensions (est.)119 ft wide × 60 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerT J GOUETTE & C N REBER

Assessed Value$502,400

Land Value$169,000

Building Value$333,400

Annual Tax$7,732

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

1 permit on record since 2024 · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

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 width50 ft

Buildable depth79 ft

Area~3,925 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 3,925 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
5850 PARK AVE MINNEAPOLIS MN 55417	ANNE KINTOP	RESIDENTIAL	$535,700	60 ft
5834 PARK AVE MINNEAPOLIS MN 55417	G R & C A JOHNSON	RESIDENTIAL	$438,400	120 ft
5854 PARK AVE MINNEAPOLIS MN 55417	REBECCA BOGEN	RESIDENTIAL	$405,800	120 ft
5861 OAKLAND AVE MINNEAPOLIS MN 55417	ISAAC V SMITH/EMMA L STRUSS	RESIDENTIAL	$468,300	133 ft
5867 OAKLAND AVE MINNEAPOLIS MN 55417	ELLEN JENNIFER SCHLAEFER	RESIDENTIAL	$398,500	142 ft
5855 OAKLAND AVE MINNEAPOLIS MN 55417	W NAUGHTON & E RUDNICK	RESIDENTIAL	$462,300	149 ft
5841 PARK AVE MINNEAPOLIS MN 55417	D & P CAMPBELL	RESIDENTIAL	$454,500	171 ft
5873 OAKLAND AVE MINNEAPOLIS MN 55417	L D NELSON & T J NELSON	RESIDENTIAL	$467,800	173 ft
5837 PARK AVE MINNEAPOLIS MN 55417	R J & J A THOMAS	RESIDENTIAL	$437,100	176 ft

Property History

Most Recent Sale

Date200405

Price$327,100

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,732