917 21ST AVE S E MINNEAPOLIS MN 55414

PID: 1902923230001

Property Overview

Parcel ID1902923230001

Lot Size5,673 sq ft (0.130 ac)

Lot Dimensions (est.)136 ft wide × 42 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerP H MARKER & L A MARKER

Assessed Value$241,300

Land Value$85,000

Building Value$156,300

Annual Tax$4,826

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 rent1,734/mo

Renter-occupied73.3%

Median home value$337K

Vacancy rate15.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.01

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 width32 ft

Buildable depth95 ft

Area~3,044 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 3,044 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
921 21ST AVE S E MINNEAPOLIS MN 55414	YUHANG CHENG	RESIDENTIAL	$274,600	41 ft
915 21ST AVE S E MINNEAPOLIS MN 55414	DB INVESTMENTS LLC ET AL	RESIDENTIAL	$248,000	42 ft
911 21ST AVE S E MINNEAPOLIS MN 55414	KENWOOD VENTURE PTRNRS LLC	RESIDENTIAL	$266,500	84 ft
907 21ST AVE S E MINNEAPOLIS MN 55414	DANIEL J O'NEIL	RESIDENTIAL	$270,000	125 ft
2022 COMO AVE S E MINNEAPOLIS MN 55414	STEWART H & CAROLYN D RUDI	RESIDENTIAL	$295,500	139 ft
2018 COMO AVE S E MINNEAPOLIS MN 55414	GOPHER HOUSING LLC	RESIDENTIAL	$292,800	142 ft
2026 COMO AVE S E MINNEAPOLIS MN 55414	JAMAL PROPERTY LLC	RESIDENTIAL	$309,300	148 ft
920 20TH AVE S E MINNEAPOLIS MN 55414	GOPHER PROPERTY MNGNT INC	RESIDENTIAL	$228,900	150 ft
924 20TH AVE S E MINNEAPOLIS MN 55414	ENRIQUE N P YUNGA	RESIDENTIAL	$238,700	155 ft
2012 COMO AVE S E MINNEAPOLIS MN 55414	PHILIP E & KIM V FRIESEN	RESIDENTIAL-TWO UNIT	$544,900	155 ft

Property History

Most Recent Sale

Date199001

Price$79,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,826