5721 LONGFELLOW AVE MINNEAPOLIS MN 55417

PID: 2402824230048

Property Overview

Parcel ID2402824230048

Lot Size5,143 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1946

Property ClassRESIDENTIAL

OwnerNORMA J JORAMO

Assessed Value$331,300

Land Value$126,000

Building Value$205,300

Annual Tax$4,876

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 depth89 ft

Area~2,656 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 2,656 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 LONGFELLOW AVE MINNEAPOLIS MN 55417	MICHAEL J DRAPER	RESIDENTIAL	$329,000	40 ft
5717 LONGFELLOW AVE MINNEAPOLIS MN 55417	D M & D G MCROBERTS JR	RESIDENTIAL	$259,900	40 ft
5729 LONGFELLOW AVE MINNEAPOLIS MN 55417	CATHY JEAN HARDY-LEMON	RESIDENTIAL	$310,900	80 ft
5715 LONGFELLOW AVE MINNEAPOLIS MN 55417	J R ROBIN & M J ROBIN	RESIDENTIAL	$444,900	80 ft
5733 LONGFELLOW AVE MINNEAPOLIS MN 55417	A J AJACK & V NELSON	RESIDENTIAL	$383,100	120 ft
5707 LONGFELLOW AVE MINNEAPOLIS MN 55417	THADEUS AKINYEDE	RESIDENTIAL	$356,000	130 ft
5720 19TH AVE S MINNEAPOLIS MN 55417	SANDRA FAY FJELSTUL	RESIDENTIAL	$277,100	140 ft
5724 19TH AVE S MINNEAPOLIS MN 55417	SHARON M LORANG	RESIDENTIAL	$289,000	145 ft
5716 19TH AVE S MINNEAPOLIS MN 55417	SUSAN M EVAN	RESIDENTIAL	$321,800	147 ft
5737 LONGFELLOW AVE MINNEAPOLIS MN 55417	J F MARTIN & L M MARTIN	RESIDENTIAL	$320,600	160 ft

Property History

Current Tax Year

Year2026

Tax Due$4,876