2724 JAMES AVE N MINNEAPOLIS MN 55411

PID: 0902924340044

Property Overview

Parcel ID0902924340044

Lot Size4,163 sq ft (0.096 ac)

Lot Dimensions (est.)126 ft wide × 33 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerMUSTAFA ABDUL-QUDDOOS

Assessed Value$199,600

Land Value$14,000

Building Value$185,600

Annual Tax$2,677

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

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 width23 ft

Buildable depth86 ft

Area~1,981 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 1,981 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2720 JAMES AVE N MINNEAPOLIS MN 55411	EDWIN D REED	RESIDENTIAL	$342,000	33 ft
2726 JAMES AVE N MINNEAPOLIS MN 55411	GAOSONG VANG HEU	RESIDENTIAL	$224,000	33 ft
2718 JAMES AVE N MINNEAPOLIS MN 55411	TREVOR THRONTVEIT	RESIDENTIAL	$141,400	66 ft
2800 JAMES AVE N MINNEAPOLIS MN 55411	CARMEN B MASK	RESIDENTIAL	$177,100	70 ft
2716 JAMES AVE N MINNEAPOLIS MN 55411	PATRICIA M RICHBERG	RESIDENTIAL	$119,600	99 ft
2806 JAMES AVE N MINNEAPOLIS MN 55411	JAMES SWARTWOOD	RESIDENTIAL	$149,000	110 ft
2710 JAMES AVE N MINNEAPOLIS MN 55411	PATRICIA MICHAEL RICHBERG	VACANT LAND-RESIDENTIAL	$3,000	121 ft
2727 IRVING AVE N MINNEAPOLIS MN 55411	NICOLAS FOERSTER	RESIDENTIAL	$154,500	140 ft
2723 IRVING AVE N MINNEAPOLIS MN 55411	HOWARD M WESLEY	RESIDENTIAL	$157,800	140 ft
2810 JAMES AVE N MINNEAPOLIS MN 55411	P P PARRA & D R HERNANDEZ	RESIDENTIAL	$185,400	150 ft

Property History

Most Recent Sale

Date201701

Price$130,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,677