1021 25TH AVE S E MINNEAPOLIS MN 55414

PID: 1902923210182

Property Overview

Parcel ID1902923210182

Lot Size5,061 sq ft (0.116 ac)

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

Year Built1927

Property ClassRESIDENTIAL

OwnerNICOLE MARY NECHIPORENKO

Assessed Value$319,200

Land Value$79,000

Building Value$240,200

Annual Tax$4,691

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

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~2,595 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 2,595 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
1025 25TH AVE S E MINNEAPOLIS MN 55414	1025 25TH AVE SE LLC	RESIDENTIAL-TWO UNIT	$301,500	40 ft
1017 25TH AVE S E MINNEAPOLIS MN 55414	DANIEL JAMES ANDERSON	RESIDENTIAL	$332,400	40 ft
1029 25TH AVE S E MINNEAPOLIS MN 55414	WILLIAM P ERICKSON	RESIDENTIAL	$197,200	80 ft
1011 25TH AVE S E MINNEAPOLIS MN 55414	CAROLYN ANDERSON	RESIDENTIAL	$275,700	80 ft
1033 25TH AVE S E MINNEAPOLIS MN 55414	M C COX & K W ALLIS	RESIDENTIAL	$290,600	120 ft
1009 25TH AVE S E MINNEAPOLIS MN 55414	RONGHUA I LLC	TRIPLEX	$277,100	120 ft
1020 24TH AVE S E MINNEAPOLIS MN 55414	R S WALLACE & M J H WALLACE	RESIDENTIAL	$266,700	140 ft
1024 24TH AVE S E MINNEAPOLIS MN 55414	BEAST ENTITIES LLC	RESIDENTIAL	$277,600	145 ft
1016 24TH AVE S E MINNEAPOLIS MN 55414	V HENRY-LEA WELLS ET AL	RESIDENTIAL	$253,500	147 ft
1037 25TH AVE S E MINNEAPOLIS MN 55414	KARISSA L MILLER	RESIDENTIAL	$268,500	160 ft

Property History

Most Recent Sale

Date202407

Price$345,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,691