2339 COLE AVE S E MINNEAPOLIS MN 55414

PID: 1902923240035

Property Overview

Parcel ID1902923240035

Lot Size5,009 sq ft (0.115 ac)

Lot Dimensions (est.)110 ft wide × 46 ft deep

Year Built1903

Property ClassRESIDENTIAL

OwnerDIEGO RIVERA LLC

Assessed Value$156,500

Land Value$68,000

Building Value$88,500

Annual Tax$2,423

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 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
2335 COLE AVE S E MINNEAPOLIS MN 55414	W KUBECZKO & M KUBECZKO	RESIDENTIAL	$152,000	40 ft
2401 COLE AVE S E MINNEAPOLIS MN 55414	SHANNON SANFORD	RESIDENTIAL-TWO UNIT	$237,500	40 ft
2405 COLE AVE S E MINNEAPOLIS MN 55414	ORTEGA RENTALS LLC	RESIDENTIAL-TWO UNIT	$375,100	80 ft
2331 COLE AVE S E MINNEAPOLIS MN 55414	MATTHEW GLENN TOOMEY ET AL	VACANT LAND-RESIDENTIAL	$68,000	80 ft
2409 COLE AVE S E MINNEAPOLIS MN 55414	DAVID RAMIREZ	RESIDENTIAL	$498,900	120 ft
2327 COLE AVE S E MINNEAPOLIS MN 55414	TA REAL ESTATE LLC	RESIDENTIAL-TWO UNIT	$343,600	120 ft
2323 COLE AVE S E MINNEAPOLIS MN 55414	TOOMEY CONTRACTING INC	RESIDENTIAL	$284,900	160 ft
2413 COLE AVE S E MINNEAPOLIS MN 55414	KMBTC LLC	RESIDENTIAL	$274,100	160 ft
879 24TH AVE S E MINNEAPOLIS MN 55414	ABIGAIL GLASTETTER	RESIDENTIAL-TWO UNIT	$443,700	187 ft
2319 COLE AVE S E MINNEAPOLIS MN 55414	RIVER CITY RENOVATIONS LLC	RESIDENTIAL	$256,000	200 ft

Property History

Most Recent Sale

Date202408

Price$335,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,423