5740 24TH AVE S MINNEAPOLIS MN 55417

PID: 2402824240185

Property Overview

Parcel ID2402824240185

Lot Size5,019 sq ft (0.115 ac)

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

Year Built1950

Property ClassRESIDENTIAL

OwnerJAMES WOODS & BRENNA WOODS

Assessed Value$306,800

Land Value$119,000

Building Value$187,800

Annual Tax$4,467

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 2017 · Most recent: Oct 2020 (existres)

ExistresOct 2020Closed

Standard Heating and Air Conditioning Inc

ResJun 2017Cancelled

CHAMPION PLUMBING LLC

ResMar 2017Closed

CENTERPOINT ENERGY

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 depth85 ft

Area~2,564 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 2,564 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
5736 24TH AVE S MINNEAPOLIS MN 55417	BRADY UGLAND	RESIDENTIAL	$306,400	40 ft
5744 24TH AVE S MINNEAPOLIS MN 55417	TODD P CHOSE	RESIDENTIAL	$166,000	40 ft
5732 24TH AVE S MINNEAPOLIS MN 55417	JOHN O'KEEFE	RESIDENTIAL	$322,900	80 ft
5748 24TH AVE S MINNEAPOLIS MN 55417	MATHEWOS TEMESGEN	RESIDENTIAL	$292,300	80 ft
5728 24TH AVE S MINNEAPOLIS MN 55417	MELISSA L STORBAKKEN ET AL	RESIDENTIAL	$314,100	120 ft
5752 24TH AVE S MINNEAPOLIS MN 55417	DAMION ALEXANDER	RESIDENTIAL	$336,900	120 ft
5741 23RD AVE S MINNEAPOLIS MN 55417	JONATHAN FRANKLIN/C FRANKLIN	RESIDENTIAL	$319,600	139 ft
5737 23RD AVE S MINNEAPOLIS MN 55417	BRENDA WICK	RESIDENTIAL	$314,400	144 ft
5745 23RD AVE S MINNEAPOLIS MN 55417	FLOYD K GETTY	RESIDENTIAL	$220,100	146 ft
5733 23RD AVE S MINNEAPOLIS MN 55417	NOAH JOSEPH BURNS	RESIDENTIAL	$299,100	159 ft

Property History

Most Recent Sale

Date202208

Price$352,621

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,467