5524 33RD AVE S MINNEAPOLIS MN 55417

PID: 1902823220093

Property Overview

Parcel ID1902823220093

Lot Size6,431 sq ft (0.148 ac)

Lot Dimensions (est.)150 ft wide × 43 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerVICKIE L TUNGSVIK

Assessed Value$198,800

Land Value$133,000

Building Value$65,800

Annual Tax$2,665

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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 rent1,094/mo

Renter-occupied49.4%

Median home value$326K

Vacancy rate4.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 121.01

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth110 ft

Area~3,615 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 3,615 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5520 33RD AVE S MINNEAPOLIS MN 55417	JOSEPH S WAIDELICH	RESIDENTIAL	$282,000	43 ft
5528 33RD AVE S MINNEAPOLIS MN 55417	NICHOLAS MROCZEK	RESIDENTIAL	$292,500	43 ft
5516 33RD AVE S MINNEAPOLIS MN 55417	J R DERENCE & J S RUUD	RESIDENTIAL	$384,900	86 ft
5532 33RD AVE S MINNEAPOLIS MN 55417	KELLY E MCNAUGHTON ET AL	RESIDENTIAL	$323,800	86 ft
5512 33RD AVE S MINNEAPOLIS MN 55417	D A AEIKENS & P AEIKENS	RESIDENTIAL	$331,300	129 ft
5536 33RD AVE S MINNEAPOLIS MN 55417	TERRI VETSCH & THOMAS VETSCH	RESIDENTIAL	$300,000	129 ft
5525 32ND AVE S MINNEAPOLIS MN 55417	ROBIN DARCHUK/STEVEN DARCHUK	RESIDENTIAL	$375,800	163 ft
5521 32ND AVE S MINNEAPOLIS MN 55417	MN ASSIST COUNCIL FOR VETS	RESIDENTIAL-TWO UNIT	$0	168 ft
5529 32ND AVE S MINNEAPOLIS MN 55417	HEIDI BREIVIK	RESIDENTIAL	$337,300	169 ft
5508 33RD AVE S MINNEAPOLIS MN 55417	ROSALINDA GRAM FOSTER	RESIDENTIAL	$300,400	172 ft

Property History

Most Recent Sale

Date199306

Price$24,700

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,665