894 22ND AVE S E MINNEAPOLIS MN 55414

PID: 1902923240052

Property Overview

Parcel ID1902923240052

Lot Size5,313 sq ft (0.122 ac)

Lot Dimensions (est.)128 ft wide × 42 ft deep

Year Built1903

Property ClassRESIDENTIAL

OwnerMICHAEL T ERICKSON

Assessed Value$217,400

Land Value$83,000

Building Value$134,400

Annual Tax$2,986

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 depth86 ft

Area~2,770 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 2,770 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
890 22ND AVE S E MINNEAPOLIS MN 55414	DANIEL JOHNSON	RESIDENTIAL	$313,400	42 ft
898 22ND AVE S E MINNEAPOLIS MN 55414	BRUCE R ACKLAND ET AL	RESIDENTIAL	$208,200	42 ft
902 22ND AVE S E MINNEAPOLIS MN 55414	CHARLES MCGOVERN	RESIDENTIAL	$235,100	83 ft
880 22ND AVE S E MINNEAPOLIS MN 55414	KYLE ANSTETT/KATLYN KELLEY	RESIDENTIAL	$405,400	104 ft
906 22ND AVE S E MINNEAPOLIS MN 55414	KATLYN KELLEY	RESIDENTIAL	$278,700	125 ft
895 23RD AVE S E MINNEAPOLIS MN 55414	M R MELROSE & D L MELROSE	RESIDENTIAL	$340,800	141 ft
891 23RD AVE S E MINNEAPOLIS MN 55414	KEITH TOW TRUST & NATHAN TOW	RESIDENTIAL	$215,000	146 ft
899 23RD AVE S E MINNEAPOLIS MN 55414	CHARLES ARMSTRONG	RESIDENTIAL	$286,700	148 ft
2230 COLE AVE S E MINNEAPOLIS MN 55414	MATTHEW TOOMEY	RESIDENTIAL	$270,000	158 ft
885 23RD AVE S E MINNEAPOLIS MN 55414	STEVEN FREDERICKSON	RESIDENTIAL-TWO UNIT	$379,500	159 ft

Property History

Most Recent Sale

Date201807

Price$229,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,986