2908 56TH ST E MINNEAPOLIS MN 55417

PID: 2402824110218

Property Overview

Parcel ID2402824110218

Lot Size1,570 sq ft (0.036 ac)

Lot Dimensions (est.)9 ft wide × 180 ft deep

Year Built0

Property ClassLAND-COMMERCIAL

OwnerCROSSTOWN EVANGELICA COV CH

Assessed Value$0

Land Value$0

Building Value$0

Annual Tax$42

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 width0 ft

Buildable depth184 ft

Area~558 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5540 30TH AVE S MINNEAPOLIS MN 55417	CROSSTOWN EVAN COVT CHURCH	COMMERCIAL-PREFERRED	$0	69 ft
5537 29TH AVE S MINNEAPOLIS MN 55417	CROSSTOWN EVAN COVT CHURCH	LAND-COMMERCIAL	$0	81 ft
5533 29TH AVE S MINNEAPOLIS MN 55417	CRSTWN EVANGLCL CONVNT CHRCH	COMMERCIAL-PREFERRED	$0	94 ft
5529 29TH AVE S MINNEAPOLIS MN 55417	CROSSTOWN EVAN COVT CHURCH	LAND-COMMERCIAL	$0	130 ft
5524 30TH AVE S MINNEAPOLIS MN 55417	RACHEL K TROST	RESIDENTIAL	$333,200	177 ft
5525 29TH AVE S MINNEAPOLIS MN 55417	THOMAS SAUNDERS/ANDREA GUINN	RESIDENTIAL	$409,800	178 ft
5520 30TH AVE S MINNEAPOLIS MN 55417	M B JACOBY & K D KMETZ	RESIDENTIAL	$338,000	224 ft
5521 29TH AVE S MINNEAPOLIS MN 55417	KIMBERLY J KOHOUT	RESIDENTIAL	$343,800	224 ft
5537 30TH AVE S MINNEAPOLIS MN 55417	F L NAUER & K L NAUER	RESIDENTIAL	$370,500	256 ft
5541 30TH AVE S MINNEAPOLIS MN 55417	DAVID WITTMAN/TRACY PEDERSEN	RESIDENTIAL	$343,400	257 ft

Property History

Current Tax Year

Year2026

Tax Due$42