5711 23RD AVE S MINNEAPOLIS MN 55417

PID: 2402824240201

Property Overview

Parcel ID2402824240201

Lot Size7,504 sq ft (0.172 ac)

Lot Dimensions (est.)126 ft wide × 60 ft deep

Year Built1944

Property ClassRESIDENTIAL

OwnerC COOLEY & J E COOLEY

Assessed Value$383,500

Land Value$142,000

Building Value$241,500

Annual Tax$5,746

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 2021 · Most recent: Aug 2022 (res)

ResAug 2022Closed

Dean's Professional Plumbing Inc

ExistresApr 2021Closed

Hoffman Refrigeration and Heating Ltd

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 width50 ft

Buildable depth85 ft

Area~4,252 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 4,252 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5717 23RD AVE S MINNEAPOLIS MN 55417	L BERLING & J BERLING	RESIDENTIAL	$330,900	50 ft
5703 23RD AVE S MINNEAPOLIS MN 55417	HELEN R JACKSON REV TRUST	RESIDENTIAL	$274,900	60 ft
5721 23RD AVE S MINNEAPOLIS MN 55417	KYLE KOURI	RESIDENTIAL	$328,400	90 ft
5701 23RD AVE S MINNEAPOLIS MN 55417	SARA K JOHNSON	RESIDENTIAL	$431,000	112 ft
5725 23RD AVE S MINNEAPOLIS MN 55417	C & N GARCIA	RESIDENTIAL	$324,600	130 ft
5712 24TH AVE S MINNEAPOLIS MN 55417	MICHAEL BURSTEIN	RESIDENTIAL	$302,100	139 ft
5708 24TH AVE S MINNEAPOLIS MN 55417	JAMES STEFFEL	RESIDENTIAL	$191,000	143 ft
5716 24TH AVE S MINNEAPOLIS MN 55417	CAMILLE MARIE GROSS	RESIDENTIAL	$297,700	147 ft
5704 24TH AVE S MINNEAPOLIS MN 55417	M P ENGEN & K W ENGEN	RESIDENTIAL	$342,200	157 ft
5720 24TH AVE S MINNEAPOLIS MN 55417	TODD P CHOSE	RESIDENTIAL	$295,200	164 ft

Property History

Most Recent Sale

Date202103

Price$340,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,746