5400 29TH AVE S MINNEAPOLIS MN 55417

PID: 2402824110138

Property Overview

Parcel ID2402824110138

Lot Size7,392 sq ft (0.170 ac)

Lot Dimensions (est.)128 ft wide × 58 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerMICHELLE R MILLS

Assessed Value$402,200

Land Value$140,000

Building Value$262,200

Annual Tax$6,570

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

7 permits on record since 2016 · $446K total declared value · Most recent: Jun 2025 (existres)

ExistresJun 2025Closed

Perfection Heating and Air Conditioning Inc

RemodelApr 2017Closed

$221K

LINDSTROM RESTORATION

TempheatFeb 2017Closed

Perfection Heating and Air Conditioning Inc

ResJan 2017Closed

Perfection Heating and Air Conditioning Inc

ResJan 2017Closed

KAB Plumbing LLC

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

Neighborhood Profile

Wenonah · 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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 width115 ft

Buildable depth18 ft

Area~3,937 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 small multifamily (2–4 units, wood frame) benchmarks for 3,937 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5408 29TH AVE S MINNEAPOLIS MN 55417	JARROD JAMES KRONEBUSCH	RESIDENTIAL	$341,600	59 ft
5356 29TH AVE S MINNEAPOLIS MN 55417	M L DAMBRO & S J HROMATKA	RESIDENTIAL	$305,800	119 ft
5412 29TH AVE S MINNEAPOLIS MN 55417	K E RYDEEN & K E RYDEEN	RESIDENTIAL	$397,100	120 ft
5401 28TH AVE S MINNEAPOLIS MN 55417	L J SCHMIDT III/D P LANGEMO	RESIDENTIAL	$371,000	142 ft
5405 28TH AVE S MINNEAPOLIS MN 55417	CHARLES HOPPE & NANCY HOPPE	RESIDENTIAL	$372,200	145 ft
5352 29TH AVE S MINNEAPOLIS MN 55417	AFTON DANIELLE KELLY	RESIDENTIAL	$312,700	159 ft
5409 28TH AVE S MINNEAPOLIS MN 55417	MICHAEL V SATTER	RESIDENTIAL	$288,600	159 ft
5420 29TH AVE S MINNEAPOLIS MN 55417	J F CEDARBLADE/C CEDARBLADE	RESIDENTIAL	$324,500	179 ft
5415 28TH AVE S MINNEAPOLIS MN 55417	LUCINDA LAFRANCE	RESIDENTIAL	$282,100	180 ft
5357 28TH AVE S MINNEAPOLIS MN 55417	KATHERINE DOBSON	RESIDENTIAL	$311,200	183 ft

Property History

Most Recent Sale

Date199804

Price$93,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,570