1507 UPTON AVE N MINNEAPOLIS MN 55411

PID: 1702924430078

Property Overview

Parcel ID1702924430078

Lot Size5,988 sq ft (0.137 ac)

Lot Dimensions (est.)128 ft wide × 47 ft deep

Year Built1935

Property ClassRESIDENTIAL

OwnerTYWANNA JOLENE JONES

Assessed Value$258,200

Land Value$23,000

Building Value$235,200

Annual Tax$3,654

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

4 permits on record since 2024 · $12K total declared value · Most recent: Nov 2025 (existres)

ExistresNov 2025Closed

FRANEK CONSTRUCTION INC

MiscMar 2025Closed

$12K

Adam Remodels LLC

ResJan 2024Closed

CenterPoint Energy Resource Corp

ResJan 2024Closed

CenterPoint Energy Resource Corp

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

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 width37 ft

Buildable depth87 ft

Area~3,239 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 3,239 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1511 UPTON AVE N MINNEAPOLIS MN 55411	VICKI E CLAYTON	RESIDENTIAL	$167,000	46 ft
1501 UPTON AVE N MINNEAPOLIS MN 55411	ERIN BURY	RESIDENTIAL	$282,000	47 ft
1425 UPTON AVE N MINNEAPOLIS MN 55411	DEVACIA OLASHUANEKE EVANS	RESIDENTIAL	$208,400	90 ft
1515 UPTON AVE N MINNEAPOLIS MN 55411	RLS INVESTMENT LLC	RESIDENTIAL	$218,000	93 ft
1423 UPTON AVE N MINNEAPOLIS MN 55411	OLIVIA DUBOIS	RESIDENTIAL	$148,000	129 ft
1519 UPTON AVE N MINNEAPOLIS MN 55411	RUTH JOHNSON	RESIDENTIAL	$287,200	139 ft
1506 VINCENT AVE N MINNEAPOLIS MN 55411	ANITA RANDOLPH	RESIDENTIAL	$339,800	142 ft
1500 VINCENT AVE N MINNEAPOLIS MN 55411	C J STUMBRAS & G J STUMBRAS	RESIDENTIAL	$395,600	149 ft
1510 VINCENT AVE N MINNEAPOLIS MN 55411	JENNY M BONDE & MARK R BONDE	RESIDENTIAL	$325,900	152 ft
1428 VINCENT AVE N MINNEAPOLIS MN 55411	JOSEPH IMHOEDE	RESIDENTIAL	$101,000	168 ft

Property History

Current Tax Year

Year2026

Tax Due$3,654