5845 12TH AVE S MINNEAPOLIS MN 55417

PID: 2302824420013

Property Overview

Parcel ID2302824420013

Lot Size5,844 sq ft (0.134 ac)

Lot Dimensions (est.)124 ft wide × 47 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerA R LOVERA & S C HORSAGER

Assessed Value$368,700

Land Value$136,000

Building Value$232,700

Annual Tax$5,499

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2018 · $8K total declared value · Most recent: Oct 2018 (misc)

MiscOct 2018Closed

$8K

ALLSTAR CONSTRUCTION RESIDENTIAL 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 rent1,798/mo

Renter-occupied6.8%

Median home value$416K

Vacancy rate0.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 117.04

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 width111 ft

Buildable depth7 ft

Area~2,865 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 2,865 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5841 12TH AVE S MINNEAPOLIS MN 55417	C A PETERSON & C U PETERSON	RESIDENTIAL	$353,300	49 ft
5837 12TH AVE S MINNEAPOLIS MN 55417	E A NUNEZ & S A NUNEZ	RESIDENTIAL	$382,700	99 ft
5901 12TH AVE S MINNEAPOLIS MN 55417	J AND D APARTMENTS LLC	RESIDENTIAL	$389,900	109 ft
5833 12TH AVE S MINNEAPOLIS MN 55417	S K HEGNA & K M HEGNA	RESIDENTIAL	$340,700	149 ft
5905 12TH AVE S MINNEAPOLIS MN 55417	CATHERINE ANN MADIGAN TRUST	RESIDENTIAL	$351,200	159 ft
5829 12TH AVE S MINNEAPOLIS MN 55417	M HENDRICKSON & M WESTLING	RESIDENTIAL	$381,900	199 ft
5844 12TH AVE S MINNEAPOLIS MN 55417	ALEC J ARTHUR	RESIDENTIAL	$321,000	201 ft
5840 12TH AVE S MINNEAPOLIS MN 55417	R A JOSEPH & L D JOSEPH	RESIDENTIAL	$366,600	205 ft
5909 12TH AVE S MINNEAPOLIS MN 55417	THOMAS A MOBERG/KELLY H WARD	RESIDENTIAL	$428,300	209 ft
5836 12TH AVE S MINNEAPOLIS MN 55417	BERNARD MEIS & LAURA MEIS	RESIDENTIAL	$432,200	221 ft

Property History

Most Recent Sale

Date201105

Price$180,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,499