1060 21ST AVE S E MINNEAPOLIS MN 55414

PID: 1902923210013

Property Overview

Parcel ID1902923210013

Lot Size5,065 sq ft (0.116 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1955

Property ClassRESIDENTIAL

OwnerCHRISTOPHER WAHRMAN

Assessed Value$304,600

Land Value$69,000

Building Value$235,600

Annual Tax$4,715

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth87 ft

Area~2,597 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 2,597 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
2105 TALMAGE AVE S E MINNEAPOLIS MN 55414	MARK SHELDON	RESIDENTIAL	$320,500	38 ft
1064 21ST AVE S E MINNEAPOLIS MN 55414	MCCORMICK UHOME LLC	RESIDENTIAL	$240,500	40 ft
1068 21ST AVE S E MINNEAPOLIS MN 55414	EDDIE Y PAK	RESIDENTIAL	$213,400	80 ft
1070 21ST AVE S E MINNEAPOLIS MN 55414	YOMTOUBIAN REVOCABLE TRUST	RESIDENTIAL-TWO UNIT	$300,300	120 ft
1061 22ND AVE S E MINNEAPOLIS MN 55414	C B MOREAU & E L MOREAU	RESIDENTIAL	$388,000	141 ft
1065 22ND AVE S E MINNEAPOLIS MN 55414	K M BEXELL & J N BEXELL	RESIDENTIAL-TWO UNIT	$367,000	147 ft
1074 21ST AVE S E MINNEAPOLIS MN 55414	NHH PROPERTIES III LLC	RESIDENTIAL	$225,200	161 ft
1069 22ND AVE S E MINNEAPOLIS MN 55414	K HOWE & B NELSON-HOLTE	RESIDENTIAL	$330,600	163 ft
2100 TALMAGE AVE S E MINNEAPOLIS MN 55414	2100TALMAGE LLC	RESIDENTIAL-TWO UNIT	$368,400	166 ft
1071 22ND AVE S E MINNEAPOLIS MN 55414	LILY ELAINE ROSE	RESIDENTIAL	$268,100	187 ft

Property History

Most Recent Sale

Date201910

Price$279,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,715