2415 6TH ST N MINNEAPOLIS MN 55411

PID: 1502924220162

Property Overview

Parcel ID1502924220162

Lot Size6,745 sq ft (0.155 ac)

Lot Dimensions (est.)156 ft wide × 43 ft deep

Year Built1978

Property ClassRESIDENTIAL

OwnerL RODRIGUEZ & A MONTOYA

Assessed Value$191,700

Land Value$17,000

Building Value$174,700

Annual Tax$2,556

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 rent1,556/mo

Renter-occupied45.7%

Median home value$177K

Vacancy rate3.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 22

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 width33 ft

Buildable depth117 ft

Area~3,856 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 3,856 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2419 6TH ST N MINNEAPOLIS MN 55411	MAI V YANG	RESIDENTIAL	$175,400	43 ft
2409 6TH ST N MINNEAPOLIS MN 55411	SHA-ON RACHANAK	RESIDENTIAL	$215,300	43 ft
2423 6TH ST N MINNEAPOLIS MN 55411	ZEBEDEE J & HELEN Y HOWELL	RESIDENTIAL-TWO UNIT	$216,200	86 ft
2405 6TH ST N MINNEAPOLIS MN 55411	ANDREY MADAN & ALINA MADAN	RESIDENTIAL	$167,500	86 ft
2427 6TH ST N MINNEAPOLIS MN 55411	THAO P LOR	RESIDENTIAL	$274,000	129 ft
2401 6TH ST N MINNEAPOLIS MN 55411	LUIS F GOMEZ GUTIERREZ	RESIDENTIAL-TWO UNIT	$275,800	133 ft
610 24TH AVE N MINNEAPOLIS MN 55411	GOLDEN INVESTMENTS LLC	LOW INCOME RENTAL	$162,800	137 ft
614 24TH AVE N MINNEAPOLIS MN 55411	XIONG YANG & YOUA THAO	RESIDENTIAL	$178,000	167 ft
2414 LYNDALE AVE N MINNEAPOLIS MN 55411	JETHRO HATCH	VACANT LAND-RESIDENTIAL	$15,000	172 ft
2431 6TH ST N MINNEAPOLIS MN 55411	S NETERER & A I L NETERER	RESIDENTIAL	$305,000	172 ft

Property History

Most Recent Sale

Date202307

Price$248,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,556