107 ISLAND AVE W MINNEAPOLIS MN 55401

PID: 2302924220077

Property Overview

Parcel ID2302924220077

Lot Size17,125 sq ft (0.393 ac)

Lot Dimensions (est.)192 ft wide × 89 ft deep

Year Built1900

Property ClassAPARTMENT

OwnerMPLS PARK & RECREATION BOARD

Assessed Value$0

Land Value$0

Building Value$0

Annual Tax$0

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — St. Anthony Falls

Development Opportunities

Historic district — St. Anthony FallsHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

8 permits on record since 2018 · $9K total declared value · Most recent: Aug 2025 (res)

ResAug 2025Inspection

MN Plumbing & Home Services INC

Commercial MinorOct 2024Closed

Jayhawk Mechanical Inc

ExistresOct 2024Closed

Jayhawk Mechanical Inc

ExistresOct 2024Closed

Jayhawk Mechanical Inc

ExistresOct 2024Closed

Jayhawk Mechanical Inc

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

Neighborhood Profile

Nicollet Island - East Bank · Minneapolis

Median reported rent1,674/mo

Renter-occupied50.5%

Median home value$467K

Vacancy rate12.7%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1036

Market Snapshot

Zip code 55401

Median sale price$410K-14.2% YoY

Median price / sqft$331/sqft

Median days to close70 days

Active listings86

Source: Redfin Data Center (Invalid Date) · Zip 55401

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width179 ft

Buildable depth49 ft

Area~11,339 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

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115 ISLAND AVE W MINNEAPOLIS MN 55401	MPLS PARK & RECREATION BOARD	RESIDENTIAL	$0	77 ft

Property History

Current Tax Year

Year2026

Tax Due$0