5817 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824320061

Property Overview

Parcel ID2302824320061

Lot Size5,998 sq ft (0.138 ac)

Lot Dimensions (est.)128 ft wide × 47 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerSTEPHEN PREMO/PRIYANKA PREMO

Assessed Value$499,300

Land Value$158,000

Building Value$341,300

Annual Tax$7,678

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 width42 ft

Buildable depth75 ft

Area~3,216 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 3,216 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5821 PARK AVE MINNEAPOLIS MN 55417	ROSS B & C F MERRITT	RESIDENTIAL	$495,700	48 ft
5815 PARK AVE MINNEAPOLIS MN 55417	RICHARD UTTING	RESIDENTIAL	$540,700	49 ft
5825 PARK AVE MINNEAPOLIS MN 55417	AARON LOOMIS & CHIN KWOK	RESIDENTIAL	$415,800	97 ft
5809 PARK AVE MINNEAPOLIS MN 55417	C L SULLIVAN & T SULLIVAN	RESIDENTIAL	$481,200	97 ft
5812 COLUMBUS AVE MINNEAPOLIS MN 55417	DEBORAH KAY SCHUHMACHER	RESIDENTIAL	$499,500	140 ft
5808 COLUMBUS AVE MINNEAPOLIS MN 55417	DAVID J DERFLER ETAL	RESIDENTIAL	$412,100	143 ft
5805 PARK AVE MINNEAPOLIS MN 55417	PAUL D WHARTON	RESIDENTIAL	$561,800	143 ft
5829 PARK AVE MINNEAPOLIS MN 55417	ALLISON R VAN DYK	RESIDENTIAL	$468,400	146 ft
5816 COLUMBUS AVE MINNEAPOLIS MN 55417	N HERMAN & M FARRELL	RESIDENTIAL	$512,400	160 ft
5804 COLUMBUS AVE MINNEAPOLIS MN 55417	S J KNUTSON & J N KNUTSON	RESIDENTIAL	$412,900	169 ft

Property History

Most Recent Sale

Date201501

Price$332,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,678