1070 21ST AVE S E MINNEAPOLIS MN 55414

PID: 1902923210016

Property Overview

Parcel ID1902923210016

Lot Size5,065 sq ft (0.116 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerYOMTOUBIAN REVOCABLE TRUST

Assessed Value$300,300

Land Value$69,000

Building Value$231,300

Annual Tax$5,703

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

2 permits on record since 2021 · Most recent: Oct 2025 (res)

ResOct 2025Closed

CenterPoint Energy Resource Corp

ResAug 2021Closed

PIPE MASTERS INC

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

Neighborhood Profile

Como · Minneapolis

Median reported rent1,416/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
1068 21ST AVE S E MINNEAPOLIS MN 55414	EDDIE Y PAK	RESIDENTIAL	$213,400	40 ft
1074 21ST AVE S E MINNEAPOLIS MN 55414	NHH PROPERTIES III LLC	RESIDENTIAL	$225,200	40 ft
1064 21ST AVE S E MINNEAPOLIS MN 55414	MCCORMICK UHOME LLC	RESIDENTIAL	$240,500	80 ft
1078 21ST AVE S E MINNEAPOLIS MN 55414	N JOHNSON & J SCHUMACHER	RESIDENTIAL-TWO UNIT	$351,300	80 ft
1060 21ST AVE S E MINNEAPOLIS MN 55414	CHRISTOPHER WAHRMAN	RESIDENTIAL	$304,600	120 ft
1084 21ST AVE S E MINNEAPOLIS MN 55414	RONGHUA IV LLC	RESIDENTIAL	$184,300	120 ft
1071 22ND AVE S E MINNEAPOLIS MN 55414	LILY ELAINE ROSE	RESIDENTIAL	$268,100	140 ft
1069 22ND AVE S E MINNEAPOLIS MN 55414	K HOWE & B NELSON-HOLTE	RESIDENTIAL	$330,600	145 ft
1077 22ND AVE S E MINNEAPOLIS MN 55414	BRANDON SCHWAN EGGUM	RESIDENTIAL	$273,900	147 ft
2105 TALMAGE AVE S E MINNEAPOLIS MN 55414	MARK SHELDON	RESIDENTIAL	$320,500	158 ft

Property History

Current Tax Year

Year2026

Tax Due$5,703