5501 37TH AVE S MINNEAPOLIS MN 55417

PID: 1902823210220

Property Overview

Parcel ID1902823210220

Lot Size5,120 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built2005

Property ClassRESIDENTIAL

OwnerB CHHUN & M E CHHUN

Assessed Value$524,300

Land Value$115,000

Building Value$409,300

Annual Tax$8,171

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2005 · $175K total declared value · Most recent: Oct 2025 (existres)

ExistresOct 2025Closed

Dean's Professional Plumbing Inc

ResDec 2024Closed

Dean's Professional Plumbing Inc

BinbMar 2005

$175K

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 width115 ft

Buildable depth0 ft

Area~2,376 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 2,376 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5505 37TH AVE S MINNEAPOLIS MN 55417	LINDSEY B MILLER REVOC TRUST	RESIDENTIAL	$504,000	40 ft
5509 37TH AVE S MINNEAPOLIS MN 55417	DARCEY MCCAMPBELL	RESIDENTIAL	$238,300	80 ft
5513 37TH AVE S MINNEAPOLIS MN 55417	D & C BOKUSKY	RESIDENTIAL	$265,200	120 ft
5500 38TH AVE S MINNEAPOLIS MN 55417	NOU YANG & HECTOR REYES	RESIDENTIAL	$305,200	143 ft
3704 55TH ST E MINNEAPOLIS MN 55417	NARGIS KHAN & ZUBAIR KHAN	RESIDENTIAL	$255,700	148 ft
5504 38TH AVE S MINNEAPOLIS MN 55417	S DONLEY & J DONLEY	RESIDENTIAL	$244,700	148 ft
3700 55TH ST E MINNEAPOLIS MN 55417	J'NAI BUCHANAN	RESIDENTIAL	$278,500	152 ft
3708 55TH ST E MINNEAPOLIS MN 55417	DANIEL J SMESTAD	RESIDENTIAL	$285,900	158 ft
5517 37TH AVE S MINNEAPOLIS MN 55417	JOHN BORDELON/BRITTANY MONTE	RESIDENTIAL	$337,300	161 ft
5508 38TH AVE S MINNEAPOLIS MN 55417	ALEAH CARLSON	RESIDENTIAL	$289,900	163 ft

Property History

Most Recent Sale

Date202008

Price$470,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,171