891 21ST AVE S E MINNEAPOLIS MN 55414

PID: 1902923230008

Property Overview

Parcel ID1902923230008

Lot Size5,659 sq ft (0.130 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerMATTHEW G & ANGELA M TOOMEY

Assessed Value$249,500

Land Value$85,000

Building Value$164,500

Annual Tax$3,965

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~3,033 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 3,033 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
887 21ST AVE S E MINNEAPOLIS MN 55414	887 21ST AVE SE LLC	RESIDENTIAL-TWO UNIT	$760,000	41 ft
895 21ST AVE S E MINNEAPOLIS MN 55414	JASON GALDONIK	RESIDENTIAL	$222,000	42 ft
885 21ST AVE S E MINNEAPOLIS MN 55414	605 ERIE ST SE LLC	RESIDENTIAL	$373,000	82 ft
901 21ST AVE S E MINNEAPOLIS MN 55414	LUKE JOHNSON & GRANT JOHNSON	RESIDENTIAL	$329,300	83 ft
903 21ST AVE S E MINNEAPOLIS MN 55414	J W CLEMMONS & H T CLEMMONS	RESIDENTIAL	$242,100	125 ft
890 20TH AVE S E MINNEAPOLIS MN 55414	K M SILVA & J J SILVA	RESIDENTIAL	$291,700	149 ft
894 20TH AVE S E MINNEAPOLIS MN 55414	BH-ONE PROPERTIES LLC	RESIDENTIAL	$250,700	154 ft
886 20TH AVE S E MINNEAPOLIS MN 55414	JOSHUA & AMENAH SAGE	RESIDENTIAL	$305,600	156 ft
907 21ST AVE S E MINNEAPOLIS MN 55414	DANIEL J O'NEIL	RESIDENTIAL	$270,000	167 ft
900 20TH AVE S E MINNEAPOLIS MN 55414	BLAKE BONJEAN	RESIDENTIAL	$258,700	169 ft

Property History

Most Recent Sale

Date200809

Price$150,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,965