5512 NOKOMIS AVE S MINNEAPOLIS MN 55417

PID: 2402824110027

Property Overview

Parcel ID2402824110027

Lot Size6,404 sq ft (0.147 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerJENNA LYNN GLARNEAU ET AL

Assessed Value$310,300

Land Value$138,000

Building Value$172,300

Annual Tax$4,525

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

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 width40 ft

Buildable depth88 ft

Area~3,522 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 3,522 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5508 NOKOMIS AVE S MINNEAPOLIS MN 55417	C CADWALLADER III/S MAST	RESIDENTIAL	$339,000	50 ft
5516 NOKOMIS AVE S MINNEAPOLIS MN 55417	JULIANNA GERNES	RESIDENTIAL	$325,400	50 ft
5504 NOKOMIS AVE S MINNEAPOLIS MN 55417	B ROBINSON & S SVENDSEN	RESIDENTIAL	$309,100	100 ft
5520 NOKOMIS AVE S MINNEAPOLIS MN 55417	T T HAGGERTY & M H NHEP	RESIDENTIAL	$334,800	100 ft
5515 30TH AVE S MINNEAPOLIS MN 55417	R D & C A TOSTENSON	RESIDENTIAL	$341,300	142 ft
5500 NOKOMIS AVE S MINNEAPOLIS MN 55417	ERIN K RADTKE	RESIDENTIAL	$337,500	150 ft
5524 NOKOMIS AVE S MINNEAPOLIS MN 55417	IH3 PROPERTY MINNESOTA LP	RESIDENTIAL	$311,100	150 ft
5509 30TH AVE S MINNEAPOLIS MN 55417	NATHAN DUNGAN/VICKIE FALES	RESIDENTIAL	$335,100	150 ft
5517 30TH AVE S MINNEAPOLIS MN 55417	CONSTANCE JEAN JOHNSON	RESIDENTIAL	$341,800	151 ft
5505 30TH AVE S MINNEAPOLIS MN 55417	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$341,600	172 ft

Property History

Most Recent Sale

Date202104

Price$300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,525