714 25TH AVE N MINNEAPOLIS MN 55411

PID: 1602924110186

Property Overview

Parcel ID1602924110186

Lot Size3,988 sq ft (0.092 ac)

Lot Dimensions (est.)41 ft wide × 98 ft deep

Year Built1977

Property ClassRESIDENTIAL

OwnerR T JOHNSON REV LIV TR ET AL

Assessed Value$203,000

Land Value$13,000

Building Value$190,000

Annual Tax$0

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

1 permit on record since 2017 · $4K total declared value · Most recent: May 2017 (misc)

MiscMay 2017Closed

$4K

BAYPORT ROOFING AND SIDING LLC

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

Neighborhood Profile

Hawthorne · 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 width29 ft

Buildable depth62 ft

Area~15 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 15 sqft buildable area.

Est. units

Yield on cost

61.1%

Spread

+55.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
720 25TH AVE N MINNEAPOLIS MN 55411	ADM OF VETERANS AFFAIRS	RESIDENTIAL	$149,800	46 ft
712 25TH AVE N MINNEAPOLIS MN 55411	FOUNDATION CAPITAL RESOURES	VACANT LAND-RESIDENTIAL	$0	60 ft
2506 ALDRICH AVE N MINNEAPOLIS MN 55411	JUDITH M ECKLEY	RESIDENTIAL	$158,000	82 ft
2510 ALDRICH AVE N MINNEAPOLIS MN 55411	QUALITY RESIDENCES LLC	RESIDENTIAL	$109,000	95 ft
708 25TH AVE N MINNEAPOLIS MN 55411	FOUNDATION CAPITAL RESOURES	VACANT LAND-RESIDENTIAL	$0	98 ft
2500 ALDRICH AVE N MINNEAPOLIS MN 55411	SCOTT R ARNOLD	RESIDENTIAL	$136,500	101 ft
2507 LYNDALE AVE N MINNEAPOLIS MN 55411	FOUNDATION CAPITAL RESOURES	VACANT LAND-RESIDENTIAL	$0	117 ft
2511 LYNDALE AVE N MINNEAPOLIS MN 55411	FOUNDATION CAPITAL RESOURES	VACANT LAND-RESIDENTIAL	$0	136 ft
2514 ALDRICH AVE N MINNEAPOLIS MN 55411	ANA LUCIA VICUNA CASTRO	RESIDENTIAL	$212,000	137 ft
715 25TH AVE N MINNEAPOLIS MN 55411	LOURDES MIRIAM DUTA CARCHI	RESIDENTIAL	$209,000	137 ft

Property History

Most Recent Sale

Date198404

Price$59,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$0