5405 NOKOMIS AVE S MINNEAPOLIS MN 55417

PID: 2402824110076

Property Overview

Parcel ID2402824110076

Lot Size5,112 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1945

Property ClassRESIDENTIAL

OwnerLISA J DAHLE

Assessed Value$315,100

Land Value$125,000

Building Value$190,100

Annual Tax$4,734

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 width30 ft

Buildable depth88 ft

Area~2,634 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 2,634 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5401 NOKOMIS AVE S MINNEAPOLIS MN 55417	S M GREGOIRE & B G LEE	RESIDENTIAL	$352,000	39 ft
5409 NOKOMIS AVE S MINNEAPOLIS MN 55417	TERRANCE MULLER	RESIDENTIAL	$340,600	40 ft
5415 NOKOMIS AVE S MINNEAPOLIS MN 55417	MEREDITH RAE SCOTT	RESIDENTIAL	$303,100	80 ft
5417 NOKOMIS AVE S MINNEAPOLIS MN 55417	CITY OF LAKES COMM LAND TR	RESIDENTIAL	$290,100	120 ft
5406 31ST AVE S MINNEAPOLIS MN 55417	GARY T CAMPION	RESIDENTIAL	$362,900	142 ft
5400 31ST AVE S MINNEAPOLIS MN 55417	JOSHUA NIXON & AMY NIXON	RESIDENTIAL	$334,600	147 ft
5408 31ST AVE S MINNEAPOLIS MN 55417	TODD BUTCHER	RESIDENTIAL	$232,900	147 ft
5357 NOKOMIS AVE S MINNEAPOLIS MN 55417	A BORCHARDT & R BORCHARDT	RESIDENTIAL	$329,600	150 ft
5421 NOKOMIS AVE S MINNEAPOLIS MN 55417	EMILY K MADSEN	RESIDENTIAL	$315,700	160 ft
5414 31ST AVE S MINNEAPOLIS MN 55417	LORI JEANNE SEAMANS	RESIDENTIAL	$301,300	162 ft

Property History

Most Recent Sale

Date199606

Price$79,650

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,734