5928 PARK AVE MINNEAPOLIS MN 55417

PID: 2302824320137

Property Overview

Parcel ID2302824320137

Lot Size6,325 sq ft (0.145 ac)

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

Year Built1953

Property ClassRESIDENTIAL

OwnerS EISENMENGER & L SCHRAMM

Assessed Value$600,000

Land Value$161,000

Building Value$439,000

Annual Tax$9,603

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $17K total declared value · Most recent: Jan 2025 (res)

ResJan 2025Closed

CenterPoint Energy Resource Corp

ResMar 2022Closed

Tony's Plumbing and Heating

RemodelMar 2022Closed

$16K

CRAFT MASTERS REMODELING INC

ExistresMar 2022Closed

$800

A.P. Mechanical LLC

ResAug 2018Closed

Urban Pine Plumbing and Mechanical Inc

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth86 ft

Area~3,455 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 small multifamily (2–4 units, wood frame) benchmarks for 3,455 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5924 PARK AVE MINNEAPOLIS MN 55417	S MEYER & L MEYER REV TRUST	RESIDENTIAL	$448,700	50 ft
5932 PARK AVE MINNEAPOLIS MN 55417	L W & J K KAMPINEN	RESIDENTIAL	$521,700	63 ft
5920 PARK AVE MINNEAPOLIS MN 55417	BRAD KORBESMEYER ET AL	RESIDENTIAL	$538,500	100 ft
5940 PARK AVE MINNEAPOLIS MN 55417	ZACHARY P WACHLAROWICZ ET AL	RESIDENTIAL	$700,000	138 ft
5929 OAKLAND AVE MINNEAPOLIS MN 55417	KAY MARIE MCKAY	RESIDENTIAL	$454,400	140 ft
5933 OAKLAND AVE MINNEAPOLIS MN 55417	KATHLEEN A MAGUIRE REV TRUST	RESIDENTIAL	$406,900	148 ft
5925 OAKLAND AVE MINNEAPOLIS MN 55417	FREDERICK J HERRON	RESIDENTIAL	$546,400	149 ft
5916 PARK AVE MINNEAPOLIS MN 55417	MERCEDES GUSTAFSON	RESIDENTIAL	$428,000	151 ft
5937 OAKLAND AVE MINNEAPOLIS MN 55417	J KANAZAWA & G KANAZAWA	RESIDENTIAL	$370,000	172 ft
5921 OAKLAND AVE MINNEAPOLIS MN 55417	ISABEL H ANDERSON	RESIDENTIAL	$436,600	174 ft

Property History

Most Recent Sale

Date201906

Price$510,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,603