5816 20TH AVE S MINNEAPOLIS MN 55417

PID: 2402824320039

Property Overview

Parcel ID2402824320039

Lot Size6,378 sq ft (0.146 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1987

Property ClassRESIDENTIAL

OwnerGARY ALAN LUSSIER ET AL

Assessed Value$347,300

Land Value$121,000

Building Value$226,300

Annual Tax$5,142

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

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 depth88 ft

Area~3,501 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 3,501 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5820 20TH AVE S MINNEAPOLIS MN 55417	JAMES P & BOBBE J GRANDNER	RESIDENTIAL	$296,400	50 ft
5812 20TH AVE S MINNEAPOLIS MN 55417	MARK G & DEBORAH L RUSNAK	RESIDENTIAL	$375,100	50 ft
5808 20TH AVE S MINNEAPOLIS MN 55417	JACK D MYHERVOLD TRUSTEE	RESIDENTIAL	$355,200	99 ft
5815 19TH AVE S MINNEAPOLIS MN 55417	JEFFREY L WEATHERLY	RESIDENTIAL-TWO UNIT	$482,400	143 ft
5806 20TH AVE S MINNEAPOLIS MN 55417	D J DOBLE & R L DOBLE	RESIDENTIAL	$405,900	149 ft
5821 19TH AVE S MET AIRPORT MN 55450	M ST P MET AIRPORTS COMM	VACANT LAND-RESIDENTIAL	$0	151 ft
5809 19TH AVE S MINNEAPOLIS MN 55417	S A EWING & A K LOKKEN	RESIDENTIAL	$352,100	170 ft
5815 20TH AVE S MINNEAPOLIS MN 55417	KELLEY B DANIELSON	RESIDENTIAL	$287,700	195 ft
1925 58TH ST E MINNEAPOLIS MN 55417	SOUTH NOKOMIS LLC	RESIDENTIAL-TWO UNIT	$431,900	200 ft
5805 19TH AVE S MINNEAPOLIS MN 55417	KRISTA ANN WENTZEL JOHNSON	RESIDENTIAL	$348,400	203 ft

Property History

Most Recent Sale

Date198710

Price$83,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,142