5720 20TH AVE S MINNEAPOLIS MN 55417

PID: 2402824230128

Property Overview

Parcel ID2402824230128

Lot Size5,657 sq ft (0.130 ac)

Lot Dimensions (est.)129 ft wide × 44 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerMICHELLE MARIE MATHISON

Assessed Value$365,100

Land Value$132,000

Building Value$233,100

Annual Tax$5,439

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

2 permits on record since 2024 · $19K total declared value · Most recent: Dec 2024 (misc)

MiscDec 2024Closed

$12K

Nordic Builders LLC

MiscMar 2024Closed

$7K

RENEWAL BY ANDERSEN CORP

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 depth101 ft

Area~3,010 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 3,010 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5724 20TH AVE S MINNEAPOLIS MN 55417	S ALARCON & A E LARSON	RESIDENTIAL	$412,800	50 ft
5712 20TH AVE S MINNEAPOLIS MN 55417	PHILBERT LIVING TRUST	RESIDENTIAL	$486,600	62 ft
5732 20TH AVE S MINNEAPOLIS MN 55417	S P MCNAMARA & J M IVERSON	RESIDENTIAL	$317,200	108 ft
5708 20TH AVE S MINNEAPOLIS MN 55417	MEGHAN KALLOK	RESIDENTIAL	$351,300	122 ft
5721 19TH AVE S MINNEAPOLIS MN 55417	NICOLE R PRIEVE/TARAH PRIEVE	RESIDENTIAL	$359,700	140 ft
5717 19TH AVE S MINNEAPOLIS MN 55417	GREGORY FEDIO	RESIDENTIAL	$336,300	145 ft
5725 19TH AVE S MINNEAPOLIS MN 55417	JULIE M K & ROBERT P GLEASON	RESIDENTIAL	$380,700	146 ft
5736 20TH AVE S MINNEAPOLIS MN 55417	MARY L MOLUMBY	RESIDENTIAL	$306,000	158 ft
5715 19TH AVE S MINNEAPOLIS MN 55417	M M LANNON / R P LANNON	RESIDENTIAL	$381,800	161 ft
5704 20TH AVE S MINNEAPOLIS MN 55417	CASEY R SMITH	RESIDENTIAL	$350,700	162 ft

Property History

Most Recent Sale

Date202204

Price$361,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,439