1863 58TH ST E MINNEAPOLIS MN 55417

PID: 2402824320029

Property Overview

Parcel ID2402824320029

Lot Size3,000 sq ft (0.069 ac)

Lot Dimensions (est.)51 ft wide × 59 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerSTEVEN W YOUNGQUIST

Assessed Value$205,900

Land Value$89,000

Building Value$116,900

Annual Tax$2,784

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

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 width40 ft

Buildable depth20 ft

Area~802 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 802 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5801 LONGFELLOW AVE MINNEAPOLIS MN 55417	J D HALBACH & E A HALBACH	RESIDENTIAL	$301,800	64 ft
5805 LONGFELLOW AVE MINNEAPOLIS MN 55417	E WENDT & J LEINO	RESIDENTIAL	$340,500	68 ft
5800 19TH AVE S MINNEAPOLIS MN 55417	AARON TINKLENBERG ET AL	RESIDENTIAL	$437,200	103 ft
5804 19TH AVE S MINNEAPOLIS MN 55417	JUDITH GRUNDSTROM	RESIDENTIAL	$374,600	111 ft
5809 LONGFELLOW AVE MINNEAPOLIS MN 55417	MARQUIS TAPPLIN	RESIDENTIAL	$303,400	111 ft
5753 LONGFELLOW AVE MINNEAPOLIS MN 55417	JOSEPH NEUENS JR ET AL	RESIDENTIAL	$342,500	115 ft
5808 19TH AVE S MINNEAPOLIS MN 55417	NATHAN CLAY & BRITTANY CLAY	RESIDENTIAL	$349,900	137 ft
5752 19TH AVE S MINNEAPOLIS MN 55417	KIRSTEN R HOLMQUIST	RESIDENTIAL	$300,200	152 ft
5749 LONGFELLOW AVE MINNEAPOLIS MN 55417	D ROSELAND & T RINKENBERGER	RESIDENTIAL	$422,900	154 ft
5813 LONGFELLOW AVE MINNEAPOLIS MN 55417	GERMAIN MOCTEZUMA CANO	RESIDENTIAL	$298,000	154 ft

Property History

Most Recent Sale

Date199406

Price$1

Type—

Current Tax Year

Year2026

Tax Due$2,784