1631 WASHBURN AVE N MINNEAPOLIS MN 55411

PID: 1702924420141

Property Overview

Parcel ID1702924420141

Lot Size5,202 sq ft (0.119 ac)

Lot Dimensions (est.)127 ft wide × 41 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerBEE VUE

Assessed Value$141,800

Land Value$42,000

Building Value$99,800

Annual Tax$4,224

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

Willard - Hay · Minneapolis

Median reported rent1,042/mo

Renter-occupied38.0%

Median home value$229K

Vacancy rate3.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 27

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 depth90 ft

Area~2,692 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 2,692 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1635 WASHBURN AVE N MINNEAPOLIS MN 55411	AMANDA TIMM	RESIDENTIAL	$226,700	40 ft
1627 WASHBURN AVE N MINNEAPOLIS MN 55411	ANNETTE SIMMONS	RESIDENTIAL	$267,800	40 ft
1639 WASHBURN AVE N MINNEAPOLIS MN 55411	L GESIOR& J G ROLFES	RESIDENTIAL	$582,800	80 ft
1623 WASHBURN AVE N MINNEAPOLIS MN 55411	ALIKA & RALPH GALLOWAY	RESIDENTIAL	$270,100	81 ft
1643 WASHBURN AVE N MINNEAPOLIS MN 55411	PATRICIA DUKE & ALTA MANUEL	RESIDENTIAL	$261,400	119 ft
1619 WASHBURN AVE N MINNEAPOLIS MN 55411	K L & R A PHIFER	RESIDENTIAL	$172,300	121 ft
1630 XERXES AVE N MINNEAPOLIS MN 55411	ANDREW CROCKER ET AL	RESIDENTIAL	$331,000	141 ft
1634 XERXES AVE N MINNEAPOLIS MN 55411	ROLAND BAKER SR/LYNDA BAKER	RESIDENTIAL	$378,400	146 ft
1622 XERXES AVE N MINNEAPOLIS MN 55411	A CROCKER & K PINTAR	RESIDENTIAL	$104,000	157 ft
1647 WASHBURN AVE N MINNEAPOLIS MN 55411	M L PERSON & S M PERSON	RESIDENTIAL	$230,000	159 ft

Property History

Most Recent Sale

Date200802

Price$33,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$4,224