1318 WASHBURN AVE N MINNEAPOLIS MN 55411

PID: 1702924430152

Property Overview

Parcel ID1702924430152

Lot Size5,907 sq ft (0.136 ac)

Lot Dimensions (est.)128 ft wide × 46 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerCIANNA EDWARDS

Assessed Value$259,200

Land Value$45,000

Building Value$214,200

Annual Tax$3,671

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 rent1,042/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 width36 ft

Buildable depth88 ft

Area~3,183 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 3,183 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
1322 WASHBURN AVE N MINNEAPOLIS MN 55411	BLAKE T ZOCHERT	RESIDENTIAL	$310,900	46 ft
1314 WASHBURN AVE N MINNEAPOLIS MN 55411	M T R DELORIE/O DUCKWORTH	RESIDENTIAL	$421,800	46 ft
1310 WASHBURN AVE N MINNEAPOLIS MN 55411	T WILLIAMS ETAL	RESIDENTIAL	$321,900	90 ft
1326 WASHBURN AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	92 ft
1306 WASHBURN AVE N MINNEAPOLIS MN 55411	JEAN ROBINSON	RESIDENTIAL	$344,400	131 ft
1330 WASHBURN AVE N MINNEAPOLIS MN 55411	TANNER JOHNSON/JULIA JOHNSON	RESIDENTIAL	$307,800	138 ft
1323 VINCENT AVE N MINNEAPOLIS MN 55411	YEE REVOCABLE INTERVIVOS TR	RESIDENTIAL	$379,500	145 ft
1315 VINCENT AVE N MINNEAPOLIS MN 55411	ANTHONY HILTON	RESIDENTIAL	$223,600	145 ft
1327 VINCENT AVE N MINNEAPOLIS MN 55411	R L LANTRY & S B WILSON	RESIDENTIAL	$266,300	156 ft
1311 VINCENT AVE N MINNEAPOLIS MN 55411	TWIN VENTURES LLC	RESIDENTIAL-TWO UNIT	$458,400	166 ft

Property History

Most Recent Sale

Date202411

Price$423,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,671