5549 32ND AVE S MINNEAPOLIS MN 55417

PID: 1902823220137

Property Overview

Parcel ID1902823220137

Lot Size6,430 sq ft (0.148 ac)

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

Year Built1949

Property ClassRESIDENTIAL

OwnerR M MCGEHERAN & J M BREMER

Assessed Value$344,800

Land Value$133,000

Building Value$211,800

Annual Tax$5,101

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

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%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5553 32ND AVE S MINNEAPOLIS MN 55417	S K VRANEY & K M NATHE	RESIDENTIAL	$332,400	43 ft
5545 32ND AVE S MINNEAPOLIS MN 55417	ANDREA XIONG & JEFFREY YANG	RESIDENTIAL	$270,400	43 ft
5541 32ND AVE S MINNEAPOLIS MN 55417	JAMES L BROWN	RESIDENTIAL	$318,300	86 ft
5537 32ND AVE S MINNEAPOLIS MN 55417	MARIE SCHMELZ & S SCHMELZ	RESIDENTIAL	$350,600	129 ft
5601 32ND AVE S MINNEAPOLIS MN 55417	M R BERNARDY & N A HINDS	RESIDENTIAL	$308,300	145 ft
5548 33RD AVE S MINNEAPOLIS MN 55417	W L BLACKMAN & T D EVENSON	RESIDENTIAL	$293,300	163 ft
5552 33RD AVE S MINNEAPOLIS MN 55417	D P LANDIN & R E LANDIN	RESIDENTIAL	$261,000	168 ft
5544 33RD AVE S MINNEAPOLIS MN 55417	E G ARONS & V M ARONS	RESIDENTIAL	$340,900	169 ft
5533 32ND AVE S MINNEAPOLIS MN 55417	NADIA YAYITRA	RESIDENTIAL	$206,000	172 ft
5540 33RD AVE S MINNEAPOLIS MN 55417	ERIC MILLER	RESIDENTIAL	$440,800	185 ft

Property History

Most Recent Sale

Date200503

Price$217,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,101