5837 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824320056

Property Overview

Parcel ID2302824320056

Lot Size6,219 sq ft (0.143 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerR J & J A THOMAS

Assessed Value$437,100

Land Value$160,000

Building Value$277,100

Annual Tax$6,640

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 2021 · $34K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2023Expired

$5K

THE HOME DEPOT

MiscAug 2021Closed

$29K

JJ HOME SERVICES 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 depth84 ft

Area~3,373 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 3,373 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
5833 PARK AVE MINNEAPOLIS MN 55417	G D GOSSARD & E J GOSSARD	RESIDENTIAL	$538,000	49 ft
5841 PARK AVE MINNEAPOLIS MN 55417	D & P CAMPBELL	RESIDENTIAL	$454,500	50 ft
5829 PARK AVE MINNEAPOLIS MN 55417	ALLISON R VAN DYK	RESIDENTIAL	$468,400	97 ft
5845 PARK AVE MINNEAPOLIS MN 55417	E E JOHNSON & P L JOHNSON	RESIDENTIAL	$444,400	100 ft
5828 COLUMBUS AVE MINNEAPOLIS MN 55417	PAUL BRIAN DIMMEN	RESIDENTIAL	$437,600	141 ft
5824 COLUMBUS AVE MINNEAPOLIS MN 55417	AMANDA SUSAN BUSSE	RESIDENTIAL	$531,400	145 ft
5825 PARK AVE MINNEAPOLIS MN 55417	AARON LOOMIS & CHIN KWOK	RESIDENTIAL	$415,800	146 ft
5849 PARK AVE MINNEAPOLIS MN 55417	D GRIFFITH & M GRIFFITH	RESIDENTIAL	$439,300	150 ft
5832 COLUMBUS AVE MINNEAPOLIS MN 55417	L M FALK & J P FALK	RESIDENTIAL	$400,000	155 ft
5820 COLUMBUS AVE MINNEAPOLIS MN 55417	STEPHEN STAWARZ	RESIDENTIAL	$616,100	164 ft

Property History

Most Recent Sale

Date199510

Price$112,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,640