1137 14TH AVE S E MINNEAPOLIS MN 55414

PID: 1302924430017

Property Overview

Parcel ID1302924430017

Lot Size4,917 sq ft (0.113 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerJ B WHITE JR/W M FOSSUM

Assessed Value$306,000

Land Value$78,000

Building Value$228,000

Annual Tax$4,470

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 rent1,416/mo

Renter-occupied87.3%

Median home value$321K

Vacancy rate6.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.02

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

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 depth83 ft

Area~2,538 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 2,538 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
1141 14TH AVE S E MINNEAPOLIS MN 55414	FATIMA MARTINS	RESIDENTIAL	$251,900	40 ft
1145 14TH AVE S E MINNEAPOLIS MN 55414	NHH PROPERTIES III L L C	RESIDENTIAL	$274,500	80 ft
1319 HENNEPIN AVE E MINNEAPOLIS MN 55414	CHRISPROP-HENN LLC	APARTMENT	$2,074,000	103 ft
1149 14TH AVE S E MINNEAPOLIS MN 55414	1149 14TH AVENUE LLC	RESIDENTIAL	$231,700	120 ft
1309 HENNEPIN AVE E MINNEAPOLIS MN 55414	SPECIALIZED PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$305,800	137 ft
319 GARFIELD ST N E MINNEAPOLIS MN 55413	CHRISPROP-GARF LLC	APARTMENT	$1,853,000	145 ft
1153 14TH AVE S E MINNEAPOLIS MN 55414	EMILY L JAMES	RESIDENTIAL	$266,900	160 ft
1305 HENNEPIN AVE E MINNEAPOLIS MN 55414	OCELOT LLC	RESIDENTIAL	$192,600	169 ft
327 GARFIELD ST N E MINNEAPOLIS MN 55413	CAROL M FERGUSON TRUSTEE	RESIDENTIAL	$339,100	184 ft
1138 14TH AVE S E MINNEAPOLIS MN 55414	ANDREW DAVIS	RESIDENTIAL-TWO UNIT	$317,400	193 ft

Property History

Most Recent Sale

Date202407

Price$392,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,470