5500 38TH AVE S MINNEAPOLIS MN 55417

PID: 1902823210100

Property Overview

Parcel ID1902823210100

Lot Size5,227 sq ft (0.120 ac)

Lot Dimensions (est.)131 ft wide × 40 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerNOU YANG & HECTOR REYES

Assessed Value$305,200

Land Value$116,000

Building Value$189,200

Annual Tax$4,440

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $10K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ExistresJan 2021Closed

Blue Ox Heating and Air LLC

MiscJul 2018Closed

$10K

Nou Yang

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Morris Park · Minneapolis

Median reported rent1,438/mo

Renter-occupied18.6%

Median home value$267K

Vacancy rate2.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 121.02

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 width118 ft

Buildable depth0 ft

Area~2,448 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,448 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5504 38TH AVE S MINNEAPOLIS MN 55417	S DONLEY & J DONLEY	RESIDENTIAL	$244,700	40 ft
5508 38TH AVE S MINNEAPOLIS MN 55417	ALEAH CARLSON	RESIDENTIAL	$289,900	80 ft
5512 38TH AVE S MINNEAPOLIS MN 55417	PETER SCHOW	RESIDENTIAL	$224,200	120 ft
5501 37TH AVE S MINNEAPOLIS MN 55417	B CHHUN & M E CHHUN	RESIDENTIAL	$524,300	143 ft
3716 55TH ST E MINNEAPOLIS MN 55417	S G GARAY & J L L CABRERA	RESIDENTIAL	$253,900	147 ft
5505 37TH AVE S MINNEAPOLIS MN 55417	LINDSEY B MILLER REVOC TRUST	RESIDENTIAL	$504,000	149 ft
3712 55TH ST E MINNEAPOLIS MN 55417	JONATHAN B CZAIA	RESIDENTIAL	$268,100	154 ft
3720 55TH ST E MINNEAPOLIS MN 55417	JEREMY PENTZ & PETER KRAUSE	RESIDENTIAL	$278,400	154 ft
5516 38TH AVE S MINNEAPOLIS MN 55417	A M ERICKSON & T ERICKSON	RESIDENTIAL	$352,500	160 ft
5509 37TH AVE S MINNEAPOLIS MN 55417	DARCEY MCCAMPBELL	RESIDENTIAL	$238,300	164 ft

Property History

Most Recent Sale

Date200405

Price$204,900

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,440