5721 24TH AVE S MINNEAPOLIS MN 55417

PID: 2402824130141

Property Overview

Parcel ID2402824130141

Lot Size5,121 sq ft (0.118 ac)

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

Year Built1959

Property ClassRESIDENTIAL

OwnerC GAITHER & K GAITHER

Assessed Value$299,000

Land Value$120,000

Building Value$179,000

Annual Tax$4,337

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

3 permits on record since 2023 · $20K total declared value · Most recent: Aug 2023 (existres)

ExistresAug 2023Closed

Centraire Heating & Air Conditioning LLC

MiscJul 2023Closed

$18K

ALL ELEMENTS INC

MiscApr 2023Closed

$3K

EZ HOME SOLUTIONS 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

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~2,640 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 2,640 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
5725 24TH AVE S MINNEAPOLIS MN 55417	G BROWN & E M BROWN	RESIDENTIAL	$296,800	40 ft
5717 24TH AVE S MINNEAPOLIS MN 55417	ROSE LUTZ	RESIDENTIAL	$305,700	40 ft
5729 24TH AVE S MINNEAPOLIS MN 55417	SIFON LLC	RESIDENTIAL	$280,700	80 ft
5715 24TH AVE S MINNEAPOLIS MN 55417	RACHEL PORT & LOGAN PORT	RESIDENTIAL	$355,800	80 ft
5709 24TH AVE S MINNEAPOLIS MN 55417	JESSICA DAVIS	RESIDENTIAL	$302,500	120 ft
5733 24TH AVE S MINNEAPOLIS MN 55417	CHERYL J LALIBERTE	RESIDENTIAL	$260,400	120 ft
5720 25TH AVE S MINNEAPOLIS MN 55417	JUSTIN PRAHL	RESIDENTIAL	$387,300	142 ft
5724 25TH AVE S MINNEAPOLIS MN 55417	ROBERT E SIXTA	RESIDENTIAL	$441,800	146 ft
5716 25TH AVE S MINNEAPOLIS MN 55417	DAVID SWANSON & ANN SWANSON	RESIDENTIAL	$321,200	148 ft
5705 24TH AVE S MINNEAPOLIS MN 55417	TERRY P TEBOCKHORST TR ET AL	RESIDENTIAL	$302,800	160 ft

Property History

Most Recent Sale

Date202201

Price$254,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,337