5501 10TH AVE S MINNEAPOLIS MN 55417

PID: 2302824210127

Property Overview

Parcel ID2302824210127

Lot Size6,256 sq ft (0.144 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerB J SHELSTAD & K G SHELSTAD

Assessed Value$518,000

Land Value$190,000

Building Value$328,000

Annual Tax$8,051

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $14K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Final Inspection

$14K

1ST TEAM EXTERIORS

ResFeb 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Diamond Lake · 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth10 ft

Area~3,148 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 3,148 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5505 10TH AVE S MINNEAPOLIS MN 55417	ANDREW P UHLER/KAREN C UHLER	RESIDENTIAL	$472,100	50 ft
5509 10TH AVE S MINNEAPOLIS MN 55417	RICHARD M FLINT REVOC TRUST	RESIDENTIAL	$574,300	100 ft
5449 10TH AVE S MINNEAPOLIS MN 55417	J A KINSLEY & J L KINSLEY	RESIDENTIAL	$477,900	110 ft
5500 11TH AVE S MINNEAPOLIS MN 55417	B PAVELKA & T R OLINGER	RESIDENTIAL	$528,500	139 ft
5504 11TH AVE S MINNEAPOLIS MN 55417	JEFFREY M SHUBERG	RESIDENTIAL	$458,700	146 ft
5515 10TH AVE S MINNEAPOLIS MN 55417	C NAJJAR & M NAJJAR	RESIDENTIAL	$680,300	150 ft
5445 10TH AVE S MINNEAPOLIS MN 55417	RUTH E WALTS TRUST	RESIDENTIAL	$411,900	160 ft
5508 11TH AVE S MINNEAPOLIS MN 55417	PAMELA J BOORAMA	RESIDENTIAL	$469,000	169 ft
5448 11TH AVE S MINNEAPOLIS MN 55417	E J TEMPLE & C W HANSON	RESIDENTIAL	$465,100	179 ft
5500 10TH AVE S MINNEAPOLIS MN 55417	CHRISTOPHER HENNESSY ET AL	RESIDENTIAL	$523,700	190 ft

Property History

Most Recent Sale

Date199410

Price$105,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,051