2301 COLE AVE S E MINNEAPOLIS MN 55414

PID: 1902923240028

Property Overview

Parcel ID1902923240028

Lot Size5,009 sq ft (0.115 ac)

Lot Dimensions (est.)109 ft wide × 46 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerDIEGO RIVERA LLC

Assessed Value$185,100

Land Value$68,000

Building Value$117,100

Annual Tax$2,865

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 width30 ft

Buildable depth85 ft

Area~2,556 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 2,556 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
2305 COLE AVE S E MINNEAPOLIS MN 55414	SANDRA KAY ROOPCHAND TRUST	RESIDENTIAL	$224,800	40 ft
2239 COLE AVE S E MINNEAPOLIS MN 55414	EDWARD W ROGERS III TRUST	RESIDENTIAL	$317,400	60 ft
2309 COLE AVE S E MINNEAPOLIS MN 55414	TA REAL ESTATE LLC	RESIDENTIAL	$263,100	80 ft
2235 COLE AVE S E MINNEAPOLIS MN 55414	A STONICK & R J STONICK	RESIDENTIAL	$241,700	120 ft
2313 COLE AVE S E MINNEAPOLIS MN 55414	MATTHEW G TOONEY	RESIDENTIAL	$448,900	120 ft
896 23RD AVE S E MINNEAPOLIS MN 55414	HENNEPIN FORFEITED LAND	VACANT LAND-RESIDENTIAL	$0	131 ft
894 23RD AVE S E MINNEAPOLIS MN 55414	J D BENTS/M G & A M TOOMEY	RESIDENTIAL	$279,900	156 ft
2319 COLE AVE S E MINNEAPOLIS MN 55414	RIVER CITY RENOVATIONS LLC	RESIDENTIAL	$256,000	160 ft
2231 COLE AVE S E MINNEAPOLIS MN 55414	JONATHAN ROSENBER ET AL	RESIDENTIAL	$427,600	160 ft
886 23RD AVE S E MINNEAPOLIS MN 55414	JAMES D CRILL & N RAE PIERCE	RESIDENTIAL	$197,800	194 ft

Property History

Most Recent Sale

Date202408

Price$335,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,865