5729 22ND AVE S MINNEAPOLIS MN 55417

PID: 2402824240137

Property Overview

Parcel ID2402824240137

Lot Size5,017 sq ft (0.115 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1946

Property ClassRESIDENTIAL

OwnerKARA RICE & KEITH RICE

Assessed Value$305,500

Land Value$124,000

Building Value$181,500

Annual Tax$4,444

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

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 depth85 ft

Area~2,562 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 2,562 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
5733 22ND AVE S MINNEAPOLIS MN 55417	SHARON PERRIER/KEVIN PERRIER	RESIDENTIAL	$337,100	40 ft
5725 22ND AVE S MINNEAPOLIS MN 55417	P F WARD & K M WARD	RESIDENTIAL	$322,800	40 ft
5737 22ND AVE S MINNEAPOLIS MN 55417	H HEMRIC & Y M LIU-HEMRIC	RESIDENTIAL	$277,000	80 ft
5721 22ND AVE S MINNEAPOLIS MN 55417	MARLENE M SKRIVSETH TRUSTEE	RESIDENTIAL	$338,900	80 ft
5741 22ND AVE S MINNEAPOLIS MN 55417	DAVID C FRANSEN	RESIDENTIAL	$338,100	120 ft
5717 22ND AVE S MINNEAPOLIS MN 55417	SYLVIA M B CRANNELL	RESIDENTIAL	$329,400	120 ft
5728 STANDISH AVE MINNEAPOLIS MN 55417	MATTHEW ROY & MICHELE ROY	RESIDENTIAL	$336,800	139 ft
5732 STANDISH AVE MINNEAPOLIS MN 55417	BRETT WEBER & ELISE ROBERTS	RESIDENTIAL	$365,700	144 ft
5724 STANDISH AVE MINNEAPOLIS MN 55417	ANDREA MARIE CONAWAY	RESIDENTIAL	$351,400	146 ft
5736 STANDISH AVE MINNEAPOLIS MN 55417	MARIANA URBINA/LUKAS MLSNA	RESIDENTIAL	$471,000	159 ft

Property History

Most Recent Sale

Date201805

Price$280,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,444