719 61ST ST E MINNEAPOLIS MN 55417

PID: 2302824330030

Property Overview

Parcel ID2302824330030

Lot Size10,343 sq ft (0.237 ac)

Lot Dimensions (est.)80 ft wide × 129 ft deep

Year Built1958

Property ClassRESIDENTIAL

OwnerS W PALMER & K Q PALMER

Assessed Value$529,800

Land Value$165,000

Building Value$364,800

Annual Tax$5,857

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $42K total declared value · Most recent: Nov 2025 (addition)

AdditionNov 2025Inspection

$10K

SCOTT W PALMER

ExistresDec 2024Closed

SEDGWICK HEATING & AIR CONDITIONING

AdditionMar 2018Closed

$32K

Scott W Palmer

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width67 ft

Buildable depth89 ft

Area~6,009 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 6,009 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
715 61ST ST E MINNEAPOLIS MN 55417	STEVEN L TOLLEFSON	RESIDENTIAL	$478,000	79 ft
727 61ST ST E MINNEAPOLIS MN 55417	COLIN WARREN & KARA WARREN	RESIDENTIAL	$302,100	122 ft
6104 LOREN DR MINNEAPOLIS MN 55417	KIM M KARKOSKA	RESIDENTIAL	$500,300	140 ft
709 61ST ST E MINNEAPOLIS MN 55417	C J KOBBE & S A KOBBE	RESIDENTIAL	$369,600	150 ft
6044 COLUMBUS AVE MINNEAPOLIS MN 55417	CAROLYN J RICHARDS	RESIDENTIAL	$350,300	160 ft
6108 LOREN DR MINNEAPOLIS MN 55417	PATRICIA A LICHTY	RESIDENTIAL	$374,300	184 ft
6045 COLUMBUS AVE MINNEAPOLIS MN 55417	KIMBERLY M MASTERS	RESIDENTIAL	$424,400	200 ft
743 61ST ST E MINNEAPOLIS MN 55417	COLIN WARREN & KARA WARREN	VACANT LAND-RESIDENTIAL	$3,800	200 ft
6040 COLUMBUS AVE MINNEAPOLIS MN 55417	MARYBETH MCGOWAN	RESIDENTIAL	$575,800	212 ft
701 61ST ST E MINNEAPOLIS MN 55417	D ANDERSON & P ANDERSON	RESIDENTIAL	$524,000	217 ft

Property History

Most Recent Sale

Date201309

Price$272,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,857