812 33RD ST E MINNEAPOLIS MN 55407

PID: 0202824240040

Property Overview

Parcel ID0202824240040

Lot Size3,064 sq ft (0.070 ac)

Lot Dimensions (est.)42 ft wide × 73 ft deep

Year Built1891

Property ClassRESIDENTIAL-TWO UNIT

OwnerANGELA M TAKATA

Assessed Value$283,700

Land Value$52,000

Building Value$231,700

Annual Tax$4,222

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

Powderhorn Park · Minneapolis

Median reported rent1,157/mo

Renter-occupied51.4%

Median home value$305K

Vacancy rate5.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 85

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth35 ft

Area~1,070 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 1,070 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
810 33RD ST E MINNEAPOLIS MN 55407	JORGE RIVAS	RESIDENTIAL-TWO UNIT	$244,500	41 ft
814 33RD ST E MINNEAPOLIS MN 55407	EDGAR GONZALEZ	RESIDENTIAL-TWO UNIT	$235,600	41 ft
3240 ELLIOT AVE MINNEAPOLIS MN 55407	KATERINA KOROLA	RESIDENTIAL	$320,700	57 ft
808 33RD ST E MINNEAPOLIS MN 55407	A FERNANDEZ/TOMAS FERNANDEZ	RESIDENTIAL-TWO UNIT	$274,700	95 ft
3238 ELLIOT AVE MINNEAPOLIS MN 55407	STEVE MATTEK & WENN TOWNSEND	RESIDENTIAL-TWO UNIT	$335,500	97 ft
3232 ELLIOT AVE MINNEAPOLIS MN 55407	LISA SKELTON	RESIDENTIAL	$326,700	137 ft
3241 CHICAGO AVE MINNEAPOLIS MN 55407	N T MENGLER & E BREDESON	RESIDENTIAL	$346,900	148 ft
3247 CHICAGO AVE MINNEAPOLIS MN 55407	JINNING QI & HONG ZHENG	RESIDENTIAL-TWO UNIT	$237,100	158 ft
3245 CHICAGO AVE MINNEAPOLIS MN 55407	CATHERINE J LAVERGNE	RESIDENTIAL-TWO UNIT	$295,500	158 ft
3237 CHICAGO AVE MINNEAPOLIS MN 55407	M C LAMBING & K E MCMASTERS	RESIDENTIAL-TWO UNIT	$387,900	168 ft

Property History

Most Recent Sale

Date200903

Price$38,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,222