7514 5TH AVE S RICHFIELD MN 55423

PID: 3402824410097· 1 field stubbed (see below)

Property Overview

Parcel ID3402824410097

Lot Size10,078 sq ft (0.231 ac)

Lot Dimensions (est.)134 ft wide × 75 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerV N VISNJIC & Z M VISNJIC

Assessed Value$319,300

Land Value$112,000

Building Value$207,300

Annual Tax$4,540

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 rent1,101/mo

Renter-occupied53.7%

Median home value$302K

Vacancy rate8.2%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 248.02

Market Snapshot

Zip code 55423

Median sale price$348K-7.2% YoY

Median price / sqft$211/sqft

Median days to close32 days

Active listings40

Source: Redfin Data Center (Invalid Date) · Zip 55423

Zoning

Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.

Property History

Most Recent Sale

Date199907

Price$95,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,540

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
7508 5TH AVE S RICHFIELD MN 55423	JEFFREY W TIMM/AUDRA R TIMM	RESIDENTIAL	$346,200	75 ft
7520 5TH AVE S RICHFIELD MN 55423	PAMELA K AMES	RESIDENTIAL	$311,600	75 ft
7515 4TH AVE S RICHFIELD MN 55423	RICHARD J ZIERDEN	RESIDENTIAL	$278,100	134 ft
7500 5TH AVE S RICHFIELD MN 55423	MCKENZIE KAISER	RESIDENTIAL	$331,100	148 ft
7526 5TH AVE S RICHFIELD MN 55423	M L RHODES & L P RHODES	RESIDENTIAL	$388,200	150 ft
7509 4TH AVE S RICHFIELD MN 55423	JESSE ROBERTS/RUBY MACHUCA	RESIDENTIAL	$259,500	153 ft
7521 4TH AVE S RICHFIELD MN 55423	NATHANIEL SALCHOW	RESIDENTIAL	$270,900	154 ft
7515 5TH AVE S RICHFIELD MN 55423	T F JEFFERS & K F JEFFERS	RESIDENTIAL	$457,700	189 ft
7501 4TH AVE S RICHFIELD MN 55423	ROBERT L NAUMCHIK	RESIDENTIAL	$266,500	199 ft
7527 4TH AVE S RICHFIELD MN 55423	KATHERINE DOZIER	RESIDENTIAL	$318,500	202 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": zoning. See README for details on which sources are live vs. stubbed.