8700 47TH AVE N NEW HOPE MN 55428

PID: 0711821340002· 1 field stubbed (see below)

Property Overview

Parcel ID0711821340002

Lot Size11,431 sq ft (0.262 ac)

Lot Dimensions (est.)91 ft wide × 125 ft deep

Year Built1964

Property ClassRESIDENTIAL

OwnerRONALD P SHACTER ETAL

Assessed Value$304,600

Land Value$87,000

Building Value$217,600

Annual Tax$4,603

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 rent992/mo

Renter-occupied54.1%

Median home value$320K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 215.03

Market Snapshot

Zip code 55428

Median sale price$333K+8.5% YoY

Median price / sqft$184/sqft

Median days to close39 days

Active listings38

Source: Redfin Data Center (Invalid Date) · Zip 55428

Zoning

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

Property History

Most Recent Sale

Date197111

Price$29,700

Type—

Current Tax Year

Year2026

Tax Due$4,603

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
8710 47TH AVE N NEW HOPE MN 55428	A HUFFHINES & S HUFFHINES	RESIDENTIAL	$343,600	82 ft
4709 BOONE AVE N NEW HOPE MN 55428	R & C NAVALTA	RESIDENTIAL	$328,200	106 ft
8720 47TH AVE N NEW HOPE MN 55428	JATON JONES	RESIDENTIAL	$350,800	157 ft
8701 47TH AVE N NEW HOPE MN 55428	BRIDGE SFR IV BORROWER 3 LLC	RESIDENTIAL	$303,100	187 ft
4717 BOONE AVE N NEW HOPE MN 55428	J C LERACH & S DEE LERACH	RESIDENTIAL	$305,500	188 ft
4654 BOONE AVE N NEW HOPE MN 55428	LARRY HELGET	RESIDENTIAL	$277,400	192 ft
8711 47TH AVE N NEW HOPE MN 55428	JENNIFER C PAPAS	RESIDENTIAL	$383,800	204 ft
4648 BOONE AVE N NEW HOPE MN 55428	ROBERT ALLEN & CARMEN ALLEN	RESIDENTIAL	$360,800	220 ft
4742 DECATUR PL NEW HOPE MN 55428	CHARLES W PYYKKONEN	RESIDENTIAL	$324,700	221 ft
8800 47TH AVE N NEW HOPE MN 55428	ECLIPSE INVESTMENTS LLC	RESIDENTIAL	$324,600	232 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.