5849 OAKLAND AVE MINNEAPOLIS MN 55417

PID: 2302824320034

Property Overview

Parcel ID2302824320034

Lot Size7,062 sq ft (0.162 ac)

Lot Dimensions (est.)118 ft wide × 60 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerD D ARONSON & G C MARTIN

Assessed Value$395,300

Land Value$168,000

Building Value$227,300

Annual Tax$5,942

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 · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

ResFeb 2020Closed

Rock Solid Plumbing LLC

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 depth78 ft

Area~3,884 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 3,884 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
5855 OAKLAND AVE MINNEAPOLIS MN 55417	W NAUGHTON & E RUDNICK	RESIDENTIAL	$462,300	60 ft
5843 OAKLAND AVE MINNEAPOLIS MN 55417	ERIN P TRACY & M S PETERSEN	RESIDENTIAL	$544,700	60 ft
5861 OAKLAND AVE MINNEAPOLIS MN 55417	ISAAC V SMITH/EMMA L STRUSS	RESIDENTIAL	$468,300	120 ft
5839 OAKLAND AVE MINNEAPOLIS MN 55417	STAAB REVOCABLE FAMILY TRUST	RESIDENTIAL	$536,700	120 ft
5834 PARK AVE MINNEAPOLIS MN 55417	G R & C A JOHNSON	RESIDENTIAL	$438,400	131 ft
5828 PARK AVE MINNEAPOLIS MN 55417	LYNDA K CARLSON	RESIDENTIAL	$474,000	141 ft
5840 PARK AVE MINNEAPOLIS MN 55417	J INGALSBE & E R H INGALSBE	RESIDENTIAL	$424,100	149 ft
5848 OAKLAND AVE MINNEAPOLIS MN 55417	J B TURNER & T TURNER	RESIDENTIAL	$474,200	169 ft
5854 OAKLAND AVE MINNEAPOLIS MN 55417	D & K ANDERSON	RESIDENTIAL	$490,500	175 ft
5835 OAKLAND AVE MINNEAPOLIS MN 55417	RHONDA P RADEMACHER ET AL	RESIDENTIAL	$505,300	178 ft

Property History

Most Recent Sale

Date200803

Price$150,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,942