5720 LONGFELLOW AVE MINNEAPOLIS MN 55417

PID: 2402824230058

Property Overview

Parcel ID2402824230058

Lot Size5,143 sq ft (0.118 ac)

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

Year Built1945

Property ClassRESIDENTIAL

OwnerDOUGLAS R ANDERSON

Assessed Value$294,800

Land Value$99,000

Building Value$195,800

Annual Tax$4,267

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 width119 ft

Buildable depth0 ft

Area~2,656 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5716 LONGFELLOW AVE MINNEAPOLIS MN 55417	MARY BRUESS	RESIDENTIAL	$307,000	40 ft
5724 LONGFELLOW AVE MINNEAPOLIS MN 55417	ERIK M TORKELSON	RESIDENTIAL	$291,900	40 ft
5712 LONGFELLOW AVE MINNEAPOLIS MN 55417	JANE KATHY KAGAN	RESIDENTIAL	$301,400	80 ft
5728 LONGFELLOW AVE MINNEAPOLIS MN 55417	AMY HUTCHINS/HANNAH HUTCHINS	RESIDENTIAL	$214,000	80 ft
5708 LONGFELLOW AVE MINNEAPOLIS MN 55417	SUZANNE L ANDERSON ET AL	RESIDENTIAL	$318,800	120 ft
5732 LONGFELLOW AVE MINNEAPOLIS MN 55417	JONATHAN CEBALLOS-GONZALEZ	RESIDENTIAL	$277,500	120 ft
5704 LONGFELLOW AVE MINNEAPOLIS MN 55417	JOSEPH E MARX	RESIDENTIAL	$322,900	160 ft
5736 LONGFELLOW AVE MINNEAPOLIS MN 55417	EMILY M WEBER	RESIDENTIAL	$283,400	160 ft
5721 LONGFELLOW AVE MINNEAPOLIS MN 55417	NORMA J JORAMO	RESIDENTIAL	$331,300	188 ft
5725 LONGFELLOW AVE MINNEAPOLIS MN 55417	MICHAEL J DRAPER	RESIDENTIAL	$329,000	191 ft

Property History

Most Recent Sale

Date200107

Price$159,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,267