5845 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824320054

Property Overview

Parcel ID2302824320054

Lot Size6,269 sq ft (0.144 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1949

Property ClassRESIDENTIAL

OwnerE E JOHNSON & P L JOHNSON

Assessed Value$444,400

Land Value$160,000

Building Value$284,400

Annual Tax$6,761

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

3 permits on record since 2017 · $26K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscJun 2017Closed

$4K

Minneapolis Garage Builders, LLC

AccessoryJun 2017Closed

$22K

Minneapolis Garage Builders, 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 width40 ft

Buildable depth85 ft

Area~3,414 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 3,414 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5849 PARK AVE MINNEAPOLIS MN 55417	D GRIFFITH & M GRIFFITH	RESIDENTIAL	$439,300	50 ft
5841 PARK AVE MINNEAPOLIS MN 55417	D & P CAMPBELL	RESIDENTIAL	$454,500	50 ft
5853 PARK AVE MINNEAPOLIS MN 55417	P M COMEAU & W A COMEAU	RESIDENTIAL	$495,400	100 ft
5837 PARK AVE MINNEAPOLIS MN 55417	R J & J A THOMAS	RESIDENTIAL	$437,100	100 ft
5836 COLUMBUS AVE MINNEAPOLIS MN 55417	KASANDRA S DUTHIE ET AL	RESIDENTIAL	$463,200	141 ft
5832 COLUMBUS AVE MINNEAPOLIS MN 55417	L M FALK & J P FALK	RESIDENTIAL	$400,000	145 ft
5857 PARK AVE MINNEAPOLIS MN 55417	VERONICA K KRAHLING	RESIDENTIAL	$541,000	149 ft
5833 PARK AVE MINNEAPOLIS MN 55417	G D GOSSARD & E J GOSSARD	RESIDENTIAL	$538,000	149 ft
5840 COLUMBUS AVE MINNEAPOLIS MN 55417	G ZUCKWEILER & M ZUCKWEILER	RESIDENTIAL	$503,100	155 ft
5828 COLUMBUS AVE MINNEAPOLIS MN 55417	PAUL BRIAN DIMMEN	RESIDENTIAL	$437,600	164 ft

Property History

Most Recent Sale

Date200008

Price$179,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,761