5937 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824320120

Property Overview

Parcel ID2302824320120

Lot Size6,860 sq ft (0.157 ac)

Lot Dimensions (est.)127 ft wide × 54 ft deep

Year Built1946

Property ClassRESIDENTIAL

OwnerMICHELLE K FREDRICKSON ET AL

Assessed Value$435,300

Land Value$167,000

Building Value$268,300

Annual Tax$6,610

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $8K total declared value · Most recent: Jan 2025 (res)

ResJan 2025Closed

CenterPoint Energy Resource Corp

ExistresJun 2023Closed

Genz-Ryan Plumbing and Heating Co

MiscSep 2020Closed

$8K

GRUSSING ROOFING INC

ResNov 2017Closed

SCOTT THEILBAR O C INSTALLS 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width44 ft

Buildable depth87 ft

Area~3,833 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 3-story wood frame (5–12 units) benchmarks for 3,833 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5933 PARK AVE MINNEAPOLIS MN 55417	BENJAMIN FIGINI	RESIDENTIAL	$374,000	54 ft
5941 PARK AVE MINNEAPOLIS MN 55417	S E & T L NELSON	RESIDENTIAL	$551,800	57 ft
5929 PARK AVE MINNEAPOLIS MN 55417	JERRY LYNN WILSON	RESIDENTIAL	$415,700	108 ft
5936 COLUMBUS AVE MINNEAPOLIS MN 55417	JESSICA GLAZA & TOM MASSEY	RESIDENTIAL	$594,000	141 ft
5932 COLUMBUS AVE MINNEAPOLIS MN 55417	M A CHAMBERS & N THOMPSON	RESIDENTIAL	$408,600	150 ft
5940 COLUMBUS AVE MINNEAPOLIS MN 55417	ETHAN STEIN & DANIELLE STEIN	RESIDENTIAL	$496,200	152 ft
5925 PARK AVE MINNEAPOLIS MN 55417	JODI L KUKLA	RESIDENTIAL	$526,400	161 ft
5928 COLUMBUS AVE MINNEAPOLIS MN 55417	J J CHUBB & T L WILLIAMS	RESIDENTIAL	$434,600	175 ft
5940 PARK AVE MINNEAPOLIS MN 55417	ZACHARY P WACHLAROWICZ ET AL	RESIDENTIAL	$700,000	177 ft
5944 PARK AVE MINNEAPOLIS MN 55417	ROBERT G NELSON ETAL	RESIDENTIAL-TWO UNIT	$526,200	186 ft

Property History

Most Recent Sale

Date199907

Price$160,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,610