3514 14TH AVE S MINNEAPOLIS MN 55407

PID: 0202824420058

Property Overview

Parcel ID0202824420058

Lot Size6,361 sq ft (0.146 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1920

Property ClassAPARTMENT

OwnerSN1 LLC

Assessed Value$1,091,000

Land Value$69,800

Building Value$781,200

Annual Tax$17,315

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2020 · Most recent: Feb 2020 (res)

ResFeb 2020Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,152/mo

Renter-occupied30.0%

Median home value$271K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 96

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 width40 ft

Buildable depth87 ft

Area~3,487 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 small multifamily (2–4 units, wood frame) benchmarks for 3,487 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3508 14TH AVE S MINNEAPOLIS MN 55407	S E HRUSKA-OLSON & T W OLSON	RESIDENTIAL-TWO UNIT	$349,700	44 ft
3516 14TH AVE S MINNEAPOLIS MN 55407	MORIAH BRIERLEY	APARTMENT	$537,000	50 ft
3506 14TH AVE S MINNEAPOLIS MN 55407	R SERIZAWA & C LOPEZ	RESIDENTIAL	$254,300	81 ft
3520 14TH AVE S MINNEAPOLIS MN 55407	LOTTE A KANE	RESIDENTIAL	$205,000	88 ft
3504 14TH AVE S MINNEAPOLIS MN 55407	CITY OF LAKES COMM LAND TRST	—	$262,000	112 ft
3522 14TH AVE S MINNEAPOLIS MN 55407	J BURRELL & C QUESENBERRY	RESIDENTIAL	$260,300	113 ft
3524 14TH AVE S MINNEAPOLIS MN 55407	MARK E ENGELSTAD/LINDA M OSE	RESIDENTIAL	$234,100	138 ft
3513 13TH AVE S MINNEAPOLIS MN 55407	BARBARA RENNA	RESIDENTIAL	$342,800	139 ft
3517 13TH AVE S MINNEAPOLIS MN 55407	M COPENHAVER & Z LALONDE	RESIDENTIAL	$349,200	147 ft
3509 13TH AVE S MINNEAPOLIS MN 55407	LUHA VENTURES LLC	RESIDENTIAL-TWO UNIT	$149,700	148 ft

Property History

Most Recent Sale

Date201403

Price$400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$17,315