1028 25TH AVE S E MINNEAPOLIS MN 55414

PID: 1902923120022

Property Overview

Parcel ID1902923120022

Lot Size5,038 sq ft (0.116 ac)

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

Year Built1914

Property ClassRESIDENTIAL

OwnerJUOLA A & PATRICIA B HAGA

Assessed Value$350,300

Land Value$79,000

Building Value$271,300

Annual Tax$7,806

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

5 permits on record since 2000 · $201K total declared value · Most recent: Nov 2023 (existres)

ExistresNov 2023Closed

CENTERPOINT ENERGY

ResJul 2020Closed

Warners Stellian Co Inc

ExistresMay 2020Closed

CENTERPOINT ENERGY

AdditionOct 2017Closed

$500

Tree Trust

Building Re-inspectionApr 2000

$200K

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

Neighborhood Profile

Como · 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%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1024 25TH AVE S E MINNEAPOLIS MN 55414	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$340,100	40 ft
1032 25TH AVE S E MINNEAPOLIS MN 55414	URBAN CANOPIES LLC	RESIDENTIAL	$339,000	40 ft
1020 25TH AVE S E MINNEAPOLIS MN 55414	DOUG REEVES & HAYLEY JIRASEK	RESIDENTIAL	$301,200	80 ft
1036 25TH AVE S E MINNEAPOLIS MN 55414	BRIAN A BISCHOF	RESIDENTIAL	$259,500	80 ft
1016 25TH AVE S E MINNEAPOLIS MN 55414	1016 25TH AVE LLC	RESIDENTIAL	$315,900	120 ft
1040 25TH AVE S E MINNEAPOLIS MN 55414	ARSENIO J THUNSTROM	RESIDENTIAL	$396,500	130 ft
1027 26TH AVE S E MINNEAPOLIS MN 55414	R S RIBEIRO & L D M BECKMAN	RESIDENTIAL	$221,600	139 ft
1023 26TH AVE S E MINNEAPOLIS MN 55414	WEBER LIVING TRUST	RESIDENTIAL-TWO UNIT	$289,100	144 ft
1031 26TH AVE S E MINNEAPOLIS MN 55414	TYE BIASCO & SUSAN BIASCO	RESIDENTIAL	$319,200	146 ft
1019 26TH AVE S E MINNEAPOLIS MN 55414	1019 26TH AVE LLC	RESIDENTIAL-TWO UNIT	$306,900	159 ft

Property History

Current Tax Year

Year2026

Tax Due$7,806