5541 33RD AVE S MINNEAPOLIS MN 55417

PID: 1902823220125

Property Overview

Parcel ID1902823220125

Lot Size6,367 sq ft (0.146 ac)

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

Year Built1948

Property ClassRESIDENTIAL

OwnerA OPP & T J STOCKERT

Assessed Value$340,500

Land Value$133,000

Building Value$207,500

Annual Tax$5,251

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

3 permits on record since 2019 · $26K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Closed

CenterPoint Energy Resource Corp

AdditionDec 2020Closed

$1K

Jacob Erickson

AccessoryMar 2019Closed

$25K

Jacob Erickson

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

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth108 ft

Area~3,566 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 3,566 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
5545 33RD AVE S MINNEAPOLIS MN 55417	KAREN ANN STEINBRING	RESIDENTIAL	$316,100	43 ft
5537 33RD AVE S MINNEAPOLIS MN 55417	JESSICA KOPPEN	RESIDENTIAL	$356,400	43 ft
5549 33RD AVE S MINNEAPOLIS MN 55417	NANCEE L SOVA	RESIDENTIAL	$308,700	86 ft
5533 33RD AVE S MINNEAPOLIS MN 55417	T SMITH & K MCMINIMY	RESIDENTIAL	$328,900	86 ft
5553 33RD AVE S MINNEAPOLIS MN 55417	ILLIANNA DANIELS	RESIDENTIAL	$302,100	128 ft
5529 33RD AVE S MINNEAPOLIS MN 55417	LAUREN ELIZABETH LINDER	RESIDENTIAL	$284,700	129 ft
5540 34TH AVE S MINNEAPOLIS MN 55417	R W HYLAND & E B HYLAND	RESIDENTIAL	$278,000	162 ft
5544 34TH AVE S MINNEAPOLIS MN 55417	S MCLAUGHLIN & K L SCHWEIKER	RESIDENTIAL	$316,200	167 ft
5538 34TH AVE S MINNEAPOLIS MN 55417	JAVIER CRUZ	RESIDENTIAL	$280,500	168 ft
5525 33RD AVE S MINNEAPOLIS MN 55417	RIGOBERTO GONZALEZ FLORES	RESIDENTIAL	$276,700	172 ft

Property History

Most Recent Sale

Date202604

Price$315,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,251