1035 20TH AVE S E MINNEAPOLIS MN 55414

PID: 1902923220015

Property Overview

Parcel ID1902923220015

Lot Size5,505 sq ft (0.126 ac)

Lot Dimensions (est.)137 ft wide × 40 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerGOPHER RENTALS LLC

Assessed Value$194,000

Land Value$83,000

Building Value$111,000

Annual Tax$3,153

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 depth98 ft

Area~2,927 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 2,927 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1039 20TH AVE S E MINNEAPOLIS MN 55414	MICHAEL WONG	RESIDENTIAL	$286,500	40 ft
1027 20TH AVE S E MINNEAPOLIS MN 55414	GORMAN PARK PROPERTIES LLLP	APARTMENT	$390,000	40 ft
1043 20TH AVE S E MINNEAPOLIS MN 55414	MICHAEL H BUDAY REV TRUST	RESIDENTIAL	$246,000	80 ft
1025 20TH AVE S E MINNEAPOLIS MN 55414	JOSEPH HOMAN	RESIDENTIAL	$321,600	80 ft
1047 20TH AVE S E MINNEAPOLIS MN 55414	D FREIDLUND & R PARKEY	RESIDENTIAL	$214,700	120 ft
1023 20TH AVE S E MINNEAPOLIS MN 55414	GREGORY P OSTROWSKI	RESIDENTIAL	$274,600	120 ft
1034 19TH AVE S E MINNEAPOLIS MN 55414	JOEL HUSSONG	RESIDENTIAL	$291,100	151 ft
1038 19TH AVE S E MINNEAPOLIS MN 55414	URBAN CANOPIES L L C	RESIDENTIAL	$211,200	155 ft
1030 19TH AVE S E MINNEAPOLIS MN 55414	K & R STRATEGIC INVST LLC	RESIDENTIAL	$244,700	157 ft
1051 20TH AVE S E MINNEAPOLIS MN 55414	OSB PROPERTIES LLC	RESIDENTIAL	$199,300	160 ft

Property History

Most Recent Sale

Date202404

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,153