5508 10TH AVE S MINNEAPOLIS MN 55417

PID: 2302824210082

Property Overview

Parcel ID2302824210082

Lot Size6,250 sq ft (0.143 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1935

Property ClassRESIDENTIAL

OwnerW E SHEPHERD & J C SHEPHERD

Assessed Value$468,600

Land Value$190,000

Building Value$278,600

Annual Tax$7,460

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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 rent1,798/mo

Renter-occupied6.8%

Median home value$416K

Vacancy rate0.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 117.04

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 width40 ft

Buildable depth85 ft

Area~3,398 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 3,398 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5504 10TH AVE S MINNEAPOLIS MN 55417	B K CARLSON & S I CARLSON	RESIDENTIAL	$626,500	50 ft
5512 10TH AVE S MINNEAPOLIS MN 55417	CONSTANCE GILLESPIE TRUSTEE	RESIDENTIAL	$458,000	50 ft
5500 10TH AVE S MINNEAPOLIS MN 55417	CHRISTOPHER HENNESSY ET AL	RESIDENTIAL	$523,700	100 ft
5516 10TH AVE S MINNEAPOLIS MN 55417	J W BLACK & T H BLACK	RESIDENTIAL	$568,000	100 ft
5509 ELLIOT AVE MINNEAPOLIS MN 55417	M R LOTZ & S LOTZ	RESIDENTIAL	$508,400	139 ft
5505 ELLIOT AVE MINNEAPOLIS MN 55417	J F COUGHLIN & C P COUGHLIN	RESIDENTIAL	$507,000	146 ft
5515 ELLIOT AVE MINNEAPOLIS MN 55417	T W CORCORAN & THEA-TULLOSS	RESIDENTIAL	$382,400	148 ft
5520 10TH AVE S MINNEAPOLIS MN 55417	KIRSTEN E SCHUBERT	RESIDENTIAL	$585,000	150 ft
5501 ELLIOT AVE MINNEAPOLIS MN 55417	STEPHEN NESSER REV TRUST	RESIDENTIAL	$493,600	169 ft
5517 ELLIOT AVE MINNEAPOLIS MN 55417	D P HAUGE& G J HAUGE	RESIDENTIAL	$463,700	173 ft

Property History

Most Recent Sale

Date198804

Price$92,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,460