912 18TH AVE S E MINNEAPOLIS MN 55414

PID: 1902923230129

Property Overview

Parcel ID1902923230129

Lot Size5,678 sq ft (0.130 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerKATHERINE FOURNIER

Assessed Value$347,400

Land Value$85,000

Building Value$262,400

Annual Tax$5,163

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

3 permits on record since 2021 · $17K total declared value · Most recent: Dec 2024 (remodel)

RemodelDec 2024Closed

$5K

24 RESTORE

ExistresApr 2022Closed

Home Energy Center Inc

MiscOct 2021Closed

$12K

ROOF DESIGN PARTNERS LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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~3,048 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 3,048 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
916 18TH AVE S E MINNEAPOLIS MN 55414	LINDA JEANGUENIN	RESIDENTIAL	$342,000	42 ft
908 18TH AVE S E MINNEAPOLIS MN 55414	T M BRATULICH & J L BRATULIC	RESIDENTIAL	$358,800	42 ft
904 18TH AVE S E MINNEAPOLIS MN 55414	COLLEEN LOU COGHLAN	RESIDENTIAL	$271,300	83 ft
920 18TH AVE S E MINNEAPOLIS MN 55414	DANIEL J BUSSE	RESIDENTIAL	$229,100	84 ft
924 18TH AVE S E MINNEAPOLIS MN 55414	GOPHER INVESTMENT V LLC	RESIDENTIAL	$365,800	125 ft
896 18TH AVE S E MINNEAPOLIS MN 55414	P A TOWNES & E TOWNES	RESIDENTIAL-TWO UNIT	$346,700	125 ft
913 19TH AVE S E MINNEAPOLIS MN 55414	L W WITTSTOCK ET AL FAM TR	RESIDENTIAL	$289,800	150 ft
907 19TH AVE S E MINNEAPOLIS MN 55414	GREGORY A THOMPSEN	RESIDENTIAL	$345,300	155 ft
917 19TH AVE S E MINNEAPOLIS MN 55414	STEWART J SMITH	RESIDENTIAL	$384,500	156 ft
894 18TH AVE S E MINNEAPOLIS MN 55414	PB PARTNERS LLC	RESIDENTIAL	$272,900	167 ft

Property History

Current Tax Year

Year2026

Tax Due$5,163