1419 WASHBURN AVE N MINNEAPOLIS MN 55411

PID: 1702924430132

Property Overview

Parcel ID1702924430132

Lot Size5,175 sq ft (0.119 ac)

Lot Dimensions (est.)132 ft wide × 39 ft deep

Year Built1931

Property ClassRESIDENTIAL

OwnerJOSIE LOWELL

Assessed Value$274,500

Land Value$42,000

Building Value$232,500

Annual Tax$4,056

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 width35 ft

Buildable depth75 ft

Area~2,614 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 2,614 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
1415 WASHBURN AVE N MINNEAPOLIS MN 55411	ROBERT RUDELIUS	RESIDENTIAL	$360,000	43 ft
1423 WASHBURN AVE N MINNEAPOLIS MN 55411	CAMERON DOUGLAS LANDSTEINER	RESIDENTIAL	$227,000	45 ft
1411 WASHBURN AVE N MINNEAPOLIS MN 55411	BEVERLY J MORRISON	RESIDENTIAL	$253,500	86 ft
1427 WASHBURN AVE N MINNEAPOLIS MN 55411	WNGS HOLDINGS LLC	RESIDENTIAL	$205,500	90 ft
1414 XERXES AVE N MINNEAPOLIS MN 55411	TANNER PODZIMEK	RESIDENTIAL	$403,000	127 ft
1407 WASHBURN AVE N MINNEAPOLIS MN 55411	JENNY INVESTMENTS LLC	RESIDENTIAL	$271,500	128 ft
1422 XERXES AVE N MINNEAPOLIS MN 55411	LISA FISHER ET AL	RESIDENTIAL	$173,300	129 ft
1431 WASHBURN AVE N MINNEAPOLIS MN 55411	ROBERT S METZGER	RESIDENTIAL	$227,900	135 ft
1426 XERXES AVE N MINNEAPOLIS MN 55411	KATIE FRANSON	RESIDENTIAL	$223,700	147 ft
2916 14TH AVE N MINNEAPOLIS MN 55411	IAN N KURIA	RESIDENTIAL	$280,900	151 ft

Property History

Most Recent Sale

Date201910

Price$225,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,056