908 20TH AVE S E MINNEAPOLIS MN 55414

PID: 1902923230017

Property Overview

Parcel ID1902923230017

Lot Size5,667 sq ft (0.130 ac)

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

Year Built1917

Property ClassRESIDENTIAL

OwnerKALE KOESTER ET AL

Assessed Value$371,000

Land Value$85,000

Building Value$286,000

Annual Tax$6,048

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

Como · 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~3,040 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 3,040 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
904 20TH AVE S E MINNEAPOLIS MN 55414	SONJA KOBLAS & RYAN RATNER	RESIDENTIAL	$317,500	42 ft
912 20TH AVE S E MINNEAPOLIS MN 55414	PINILLA RAMIREZ FAMILY TRUST	RESIDENTIAL	$290,500	42 ft
916 20TH AVE S E MINNEAPOLIS MN 55414	P R F PERLBERG & J PERLBERG	RESIDENTIAL	$361,400	83 ft
900 20TH AVE S E MINNEAPOLIS MN 55414	BLAKE BONJEAN	RESIDENTIAL	$258,700	84 ft
894 20TH AVE S E MINNEAPOLIS MN 55414	BH-ONE PROPERTIES LLC	RESIDENTIAL	$250,700	125 ft
920 20TH AVE S E MINNEAPOLIS MN 55414	GOPHER PROPERTY MNGNT INC	RESIDENTIAL	$228,900	125 ft
907 21ST AVE S E MINNEAPOLIS MN 55414	DANIEL J O'NEIL	RESIDENTIAL	$270,000	150 ft
903 21ST AVE S E MINNEAPOLIS MN 55414	J W CLEMMONS & H T CLEMMONS	RESIDENTIAL	$242,100	154 ft
911 21ST AVE S E MINNEAPOLIS MN 55414	KENWOOD VENTURE PTRNRS LLC	RESIDENTIAL	$266,500	157 ft
924 20TH AVE S E MINNEAPOLIS MN 55414	ENRIQUE N P YUNGA	RESIDENTIAL	$238,700	166 ft

Property History

Most Recent Sale

Date201401

Price$151,824

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,048