2105 TALMAGE AVE S E MINNEAPOLIS MN 55414

PID: 1902923210012

Property Overview

Parcel ID1902923210012

Lot Size4,559 sq ft (0.105 ac)

Lot Dimensions (est.)126 ft wide × 36 ft deep

Year Built1955

Property ClassRESIDENTIAL

OwnerMARK SHELDON

Assessed Value$320,500

Land Value$65,000

Building Value$255,500

Annual Tax$4,962

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 rent1,416/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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth0 ft

Area~442 sqft

Lot dimensions are insufficient for the standard setbacks shown.

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Marginal

Back-of-envelope estimate based on sfr / adu benchmarks for 442 sqft buildable area.

Est. units

Yield on cost

6.0%

Spread

+0.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1060 21ST AVE S E MINNEAPOLIS MN 55414	CHRISTOPHER WAHRMAN	RESIDENTIAL	$304,600	38 ft
1064 21ST AVE S E MINNEAPOLIS MN 55414	MCCORMICK UHOME LLC	RESIDENTIAL	$240,500	78 ft
1068 21ST AVE S E MINNEAPOLIS MN 55414	EDDIE Y PAK	RESIDENTIAL	$213,400	118 ft
2100 TALMAGE AVE S E MINNEAPOLIS MN 55414	2100TALMAGE LLC	RESIDENTIAL-TWO UNIT	$368,400	129 ft
1061 22ND AVE S E MINNEAPOLIS MN 55414	C B MOREAU & E L MOREAU	RESIDENTIAL	$388,000	142 ft
1070 21ST AVE S E MINNEAPOLIS MN 55414	YOMTOUBIAN REVOCABLE TRUST	RESIDENTIAL-TWO UNIT	$300,300	158 ft
2108 TALMAGE AVE S E MINNEAPOLIS MN 55414	GOPHER ZOO LLC	RESIDENTIAL-TWO UNIT	$311,400	158 ft
1065 22ND AVE S E MINNEAPOLIS MN 55414	K M BEXELL & J N BEXELL	RESIDENTIAL-TWO UNIT	$367,000	162 ft
2112 TALMAGE AVE S E MINNEAPOLIS MN 55414	H H LEONG & L J NICHOLS	RESIDENTIAL	$277,700	180 ft
1069 22ND AVE S E MINNEAPOLIS MN 55414	K HOWE & B NELSON-HOLTE	RESIDENTIAL	$330,600	186 ft

Property History

Most Recent Sale

Date202104

Price$302,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,962