2435 COLE AVE S E MINNEAPOLIS MN 55414

PID: 1902923130102· 1 field stubbed (see below)

Property Overview

Parcel ID1902923130102

Lot Size28,905 sq ft (0.664 ac)

Lot Dimensions (est.)257 ft wide × 112 ft deep

Year Built1989

Property ClassCOOPERATIVE HOUSING

OwnerCOLE TH STUDENT HOUSE CO-OP

Assessed Value$182,000

Land Value$155,200

Building Value$26,800

Annual Tax$2,393

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

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 width221 ft

Buildable depth85 ft

Area~18,806 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 18,806 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value
2425 COLE AVE S E MINNEAPOLIS MN 55414	COLE TH STUDENT HOUSE CO-OP	COOPERATIVE HOUSING	$182,000
2427 COLE AVE S E MINNEAPOLIS MN 55414	COLE TH STUDENT HOUSE CO-OP	COOPERATIVE HOUSING	$182,000
2429 COLE AVE S E MINNEAPOLIS MN 55414	COLE TH STUDENT HOUSE CO-OP	COOPERATIVE HOUSING	$182,000
2431 COLE AVE S E MINNEAPOLIS MN 55414	COLE TH STUDENT HOUSE CO-OP	COOPERATIVE HOUSING	$182,000
2433 COLE AVE S E MINNEAPOLIS MN 55414	COLE TH STUDENT HOUSE CO-OP	COOPERATIVE HOUSING	$182,000
2437 COLE AVE S E MINNEAPOLIS MN 55414	COLE TH STUDENT HOUSE CO-OP	COOPERATIVE HOUSING	$182,000
2439 COLE AVE S E MINNEAPOLIS MN 55414	COLE TH STUDENT HOUSE CO-OP	COOPERATIVE HOUSING	$200,000
2441 COLE AVE S E MINNEAPOLIS MN 55414	COLE TH STUDENT HOUSE CO-OP	COOPERATIVE HOUSING	$155,300
2443 COLE AVE S E MINNEAPOLIS MN 55414	COLE TH STUDENT HOUSE CO-OP	COOPERATIVE HOUSING	$155,300
2445 COLE AVE S E MINNEAPOLIS MN 55414	COLE TH STUDENT HOUSE CO-OP	COOPERATIVE HOUSING	$200,000

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory. See README for details on which sources are live vs. stubbed.