5553 34TH AVE S MINNEAPOLIS MN 55417

PID: 1902823210204

Property Overview

Parcel ID1902823210204

Lot Size4,974 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerLUCAS E PASSEK

Assessed Value$244,300

Land Value$100,000

Building Value$144,300

Annual Tax$3,424

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth84 ft

Area~2,530 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 2,530 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5549 34TH AVE S MINNEAPOLIS MN 55417	B R NUTTER & J L NUTTER	RESIDENTIAL-TWO UNIT	$406,600	40 ft
5557 34TH AVE S MINNEAPOLIS MN 55417	ERIC HANSBERGER	RESIDENTIAL	$220,900	43 ft
5545 34TH AVE S MINNEAPOLIS MN 55417	LEEAH VICTORIA BREKHUS	RESIDENTIAL	$170,000	80 ft
5541 34TH AVE S MINNEAPOLIS MN 55417	ALFREDO OMANA	RESIDENTIAL-TWO UNIT	$364,700	120 ft
5552 35TH AVE S MINNEAPOLIS MN 55417	ANDREA K JAULI TRUST	RESIDENTIAL	$310,600	139 ft
5548 35TH AVE S MINNEAPOLIS MN 55417	PRO OPERAM SUB VIII LLC	RESIDENTIAL	$210,500	145 ft
5556 35TH AVE S MINNEAPOLIS MN 55417	HELUE A VAZQUEZ VALVERDE	RESIDENTIAL	$258,300	145 ft
5601 34TH AVE S MINNEAPOLIS MN 55417	K B GANANN & L E GANANN	RESIDENTIAL	$301,900	159 ft
5537 34TH AVE S MINNEAPOLIS MN 55417	C E COLEMAN/M A O COLEMAN TR	RESIDENTIAL	$221,800	160 ft
5544 35TH AVE S MINNEAPOLIS MN 55417	PAIGE HOSLEY & JACK HOSLEY	RESIDENTIAL	$241,600	161 ft

Property History

Most Recent Sale

Date202109

Price$231,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,424