1016 25TH AVE S E MINNEAPOLIS MN 55414

PID: 1902923120019

Property Overview

Parcel ID1902923120019

Lot Size5,037 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL

Owner1016 25TH AVE LLC

Assessed Value$315,900

Land Value$79,000

Building Value$236,900

Annual Tax$4,890

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 rent1,416/mo

Renter-occupied87.3%

Median home value$321K

Vacancy rate6.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.02

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

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 depth86 ft

Area~2,577 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 2,577 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
1012 25TH AVE S E MINNEAPOLIS MN 55414	HOME SWEET HOME CLIFTON DR	RESIDENTIAL	$305,100	40 ft
1020 25TH AVE S E MINNEAPOLIS MN 55414	DOUG REEVES & HAYLEY JIRASEK	RESIDENTIAL	$301,200	40 ft
1024 25TH AVE S E MINNEAPOLIS MN 55414	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$340,100	80 ft
1028 25TH AVE S E MINNEAPOLIS MN 55414	JUOLA A & PATRICIA B HAGA	RESIDENTIAL	$350,300	120 ft
2505 COMO AVE S E MINNEAPOLIS MN 55414	FENG JUNG KAO & TUI CHU KAO	RESIDENTIAL	$292,000	128 ft
2515 COMO AVE S E MINNEAPOLIS MN 55414	GARY E ANDERSON ETAL	RESIDENTIAL	$299,100	134 ft
2501 COMO AVE S E MINNEAPOLIS MN 55414	NANCY E COX	RESIDENTIAL	$267,500	134 ft
1015 26TH AVE S E MINNEAPOLIS MN 55414	BT HOUSING LLC	RESIDENTIAL-TWO UNIT	$411,500	139 ft
1011 26TH AVE S E MINNEAPOLIS MN 55414	B A CONNOY & G M DEEGAN JR	RESIDENTIAL	$270,000	144 ft
1019 26TH AVE S E MINNEAPOLIS MN 55414	1019 26TH AVE LLC	RESIDENTIAL-TWO UNIT	$306,900	146 ft

Property History

Most Recent Sale

Date201608

Price$281,950

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,890