2926 KNOX AVE N MINNEAPOLIS MN 55411

PID: 0902924310183

Property Overview

Parcel ID0902924310183

Lot Size5,088 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerKELLY J SCHUMANN

Assessed Value$158,200

Land Value$16,000

Building Value$142,200

Annual Tax$1,987

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

2 permits on record since 2017 · Most recent: Apr 2019 (existres)

ExistresApr 2019Closed

Home Energy Center Inc

ExistresAug 2017Closed

STAFFORD HOME SERVICE

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

Neighborhood Profile

Jordan · Minneapolis

Median reported rent1,750/mo

Renter-occupied36.0%

Median home value$198K

Vacancy rate6.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1257

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

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 width30 ft

Buildable depth87 ft

Area~2,616 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 2,616 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2922 KNOX AVE N MINNEAPOLIS MN 55411	HOWARD T HENRY	RESIDENTIAL	$202,600	40 ft
2930 KNOX AVE N MINNEAPOLIS MN 55411	TRAVIS RYAN JOSEPH	RESIDENTIAL	$272,300	40 ft
2918 KNOX AVE N MINNEAPOLIS MN 55411	ROBERT M ANDERSON TRUSTEE	RESIDENTIAL	$198,400	80 ft
2934 KNOX AVE N MINNEAPOLIS MN 55411	MARISSA MANZANO GOMEZ	RESIDENTIAL	$191,900	80 ft
2938 KNOX AVE N MINNEAPOLIS MN 55411	SHARON L POWELL	RESIDENTIAL	$183,900	120 ft
2914 KNOX AVE N MINNEAPOLIS MN 55411	J K ROBERTSON & K A FLEK	RESIDENTIAL	$237,300	130 ft
2927 JAMES AVE N MINNEAPOLIS MN 55411	M O XIONG & M C WILLIAMS	RESIDENTIAL	$202,600	139 ft
2923 JAMES AVE N MINNEAPOLIS MN 55411	NUTIDA WONG	RESIDENTIAL	$169,000	145 ft
2935 JAMES AVE N MINNEAPOLIS MN 55411	DANMARK PROPERTIES LLC	RESIDENTIAL	$188,500	151 ft
2942 KNOX AVE N MINNEAPOLIS MN 55411	DE'KALEIGHA WELLS	RESIDENTIAL	$293,000	159 ft

Property History

Most Recent Sale

Date201802

Price$125,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,987