5533 10TH AVE S MINNEAPOLIS MN 55417

PID: 2302824210119

Property Overview

Parcel ID2302824210119

Lot Size6,233 sq ft (0.143 ac)

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

Year Built1930

Property ClassRESIDENTIAL

OwnerMARK A & LAURA L ORMSETH

Assessed Value$484,000

Land Value$189,000

Building Value$295,000

Annual Tax$7,716

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~3,384 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 3,384 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
5537 10TH AVE S MINNEAPOLIS MN 55417	T L NELSON & R A HURD	RESIDENTIAL	$490,200	50 ft
5529 10TH AVE S MINNEAPOLIS MN 55417	JANE M JENEWEIN	RESIDENTIAL	$661,000	50 ft
5541 10TH AVE S MINNEAPOLIS MN 55417	B L SHARP & J L SHARP	RESIDENTIAL	$581,600	100 ft
5525 10TH AVE S MINNEAPOLIS MN 55417	J G MUNSON & M J MUNSON	RESIDENTIAL	$481,600	100 ft
5532 11TH AVE S MINNEAPOLIS MN 55417	DONALD N SROKA/SELMA L SROKA	RESIDENTIAL	$636,700	138 ft
5536 11TH AVE S MINNEAPOLIS MN 55417	MELINDA C BENHAM	RESIDENTIAL	$462,900	146 ft
5528 11TH AVE S MINNEAPOLIS MN 55417	T C CIALEK & E CIALEK	RESIDENTIAL	$487,000	148 ft
5521 10TH AVE S MINNEAPOLIS MN 55417	JOANNA PASCOE/JORDAN WARMATH	RESIDENTIAL	$465,000	150 ft
5545 10TH AVE S MINNEAPOLIS MN 55417	WILLIAM A BERGSTROM	RESIDENTIAL	$527,200	155 ft
5540 11TH AVE S MINNEAPOLIS MN 55417	JULIE C ROBERTS-PIPER	RESIDENTIAL	$467,100	168 ft

Property History

Most Recent Sale

Date199401

Price$108,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,716