915 26TH AVE S E MINNEAPOLIS MN 55414

PID: 1902923130044

Property Overview

Parcel ID1902923130044

Lot Size5,004 sq ft (0.115 ac)

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

Year Built1954

Property ClassRESIDENTIAL

OwnerTHOMAS C VAITH

Assessed Value$234,900

Land Value$78,000

Building Value$156,900

Annual Tax$3,636

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 2017 · Most recent: Nov 2024 (existres)

ExistresNov 2024Closed

Perfection Heating and Air Conditioning Inc

ExistresJul 2017Closed

H2C Inc

ResJan 2017Closed

CENTERPOINT ENERGY

ResJan 2017Closed

EXCLUSIVE PLUMBING INC

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

Neighborhood Profile

Como · Minneapolis

Median reported rent1,734/mo

Renter-occupied73.3%

Median home value$337K

Vacancy rate15.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.01

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 depth85 ft

Area~2,554 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 2,554 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
911 26TH AVE S E MINNEAPOLIS MN 55414	911 26TH AVE SE LLC	RESIDENTIAL	$440,100	40 ft
919 26TH AVE S E MINNEAPOLIS MN 55414	KATELYN SCHILMOELLER ET AL	RESIDENTIAL	$258,100	40 ft
905 26TH AVE S E MINNEAPOLIS MN 55414	THE J & M FAMILY LTD PTRSHP	RESIDENTIAL-TWO UNIT	$368,300	79 ft
923 26TH AVE S E MINNEAPOLIS MN 55414	DAVID MOERKE	RESIDENTIAL	$364,600	80 ft
901 26TH AVE S E MINNEAPOLIS MN 55414	GRANT T VAITH/MICHELLE VAITH	RESIDENTIAL	$319,300	120 ft
900 WEEKS AVE S E MINNEAPOLIS MN 55414	BRETT J PFARR	RESIDENTIAL	$243,500	130 ft
914 25TH AVE S E MINNEAPOLIS MN 55414	R SZUDY & B BARTLEIN	RESIDENTIAL-TWO UNIT	$255,900	140 ft
918 25TH AVE S E MINNEAPOLIS MN 55414	M THOMPSON/T SPEARS	RESIDENTIAL	$246,400	144 ft
922 25TH AVE S E MINNEAPOLIS MN 55414	ELLEN M FLETCHER	RESIDENTIAL-TWO UNIT	$340,500	159 ft
897 26TH AVE S E MINNEAPOLIS MN 55414	BRIAN D WALLI	RESIDENTIAL	$265,900	173 ft

Property History

Most Recent Sale

Date202409

Price$226,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,636