5538 34TH AVE S MINNEAPOLIS MN 55417

PID: 1902823220117

Property Overview

Parcel ID1902823220117

Lot Size6,368 sq ft (0.146 ac)

Lot Dimensions (est.)148 ft wide × 43 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerJAVIER CRUZ

Assessed Value$280,500

Land Value$117,000

Building Value$163,500

Annual Tax$4,028

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

Wenonah · 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

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 width33 ft

Buildable depth108 ft

Area~3,567 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 3-story wood frame (5–12 units) benchmarks for 3,567 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5536 34TH AVE S MINNEAPOLIS MN 55417	MITCHELL GERKE	RESIDENTIAL	$255,500	43 ft
5540 34TH AVE S MINNEAPOLIS MN 55417	R W HYLAND & E B HYLAND	RESIDENTIAL	$278,000	43 ft
5534 34TH AVE S MINNEAPOLIS MN 55417	J A SHULTS & C SHULTS	RESIDENTIAL	$299,500	86 ft
5544 34TH AVE S MINNEAPOLIS MN 55417	S MCLAUGHLIN & K L SCHWEIKER	RESIDENTIAL	$316,200	86 ft
5524 34TH AVE S MINNEAPOLIS MN 55417	VICTOR DE LA CRUZ MIJANGOS	RESIDENTIAL	$306,800	129 ft
5548 34TH AVE S MINNEAPOLIS MN 55417	EDUARDO MENDOZA HERNANDEZ	RESIDENTIAL	$349,100	129 ft
5537 33RD AVE S MINNEAPOLIS MN 55417	JESSICA KOPPEN	RESIDENTIAL	$356,400	162 ft
5533 33RD AVE S MINNEAPOLIS MN 55417	T SMITH & K MCMINIMY	RESIDENTIAL	$328,900	167 ft
5541 33RD AVE S MINNEAPOLIS MN 55417	A OPP & T J STOCKERT	RESIDENTIAL	$340,500	168 ft
5554 34TH AVE S MINNEAPOLIS MN 55417	WAI C WONG	COMMERCIAL-PREFERRED	$424,000	171 ft

Property History

Most Recent Sale

Date202308

Price$315,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,028