5633 32ND AVE S MINNEAPOLIS MN 55417

PID: 1902823230031

Property Overview

Parcel ID1902823230031

Lot Size8,964 sq ft (0.206 ac)

Lot Dimensions (est.)149 ft wide × 60 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerSHELDON L BISMARK

Assessed Value$294,000

Land Value$150,000

Building Value$144,000

Annual Tax$4,465

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

2 permits on record since 2020 · $5K total declared value · Most recent: Jan 2025 (res)

ResJan 2025Closed

CenterPoint Energy Resource Corp

MiscApr 2020Closed

$5K

ALL CRAFTSMEN EXTERIORS

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

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 width50 ft

Buildable depth109 ft

Area~5,468 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 5,468 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5625 32ND AVE S MINNEAPOLIS MN 55417	K P THORNTON & L H THORNTON	RESIDENTIAL	$414,900	60 ft
5621 32ND AVE S MINNEAPOLIS MN 55417	KATHY ANN ZOCHER	RESIDENTIAL	$315,900	110 ft
5617 32ND AVE S MINNEAPOLIS MN 55417	KAMIKO HIGASHI	RESIDENTIAL	$332,600	150 ft
5632 33RD AVE S MINNEAPOLIS MN 55417	ANGEL M FONSECA	RESIDENTIAL	$316,800	163 ft
5628 33RD AVE S MINNEAPOLIS MN 55417	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$324,600	166 ft
5624 33RD AVE S MINNEAPOLIS MN 55417	B W ISRAELSON & R J MACHONES	RESIDENTIAL	$297,800	178 ft
5710 BOSSEN TER MINNEAPOLIS MN 55417	BOSSEN PARK LTD PTRNSHP	APARTMENT	$4,170,000	190 ft
5613 32ND AVE S MINNEAPOLIS MN 55417	B LAUDERT & J DROPIK	RESIDENTIAL	$230,700	190 ft
5620 33RD AVE S MINNEAPOLIS MN 55417	KARLA M KAPAUN	RESIDENTIAL	$319,000	198 ft
5632 32ND AVE S MINNEAPOLIS MN 55417	MARIA R GUAMAN CABRERA	RESIDENTIAL	$352,800	209 ft

Property History

Most Recent Sale

Date198706

Price$59,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,465