1080 15TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924110073

Property Overview

Parcel ID2402924110073

Lot Size5,292 sq ft (0.121 ac)

Lot Dimensions (est.)132 ft wide × 40 ft deep

Year Built1902

Property ClassRESIDENTIAL

OwnerJAMES J GIESE

Assessed Value$422,000

Land Value$94,000

Building Value$328,000

Annual Tax$6,412

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 rent1,416/mo

Renter-occupied87.3%

Median home value$321K

Vacancy rate6.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.02

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 depth92 ft

Area~2,767 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 2,767 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
1076 15TH AVE S E MINNEAPOLIS MN 55414	GOLDFINCH HOUSING LLC	RESIDENTIAL	$267,000	40 ft
1084 15TH AVE S E MINNEAPOLIS MN 55414	A J CARLSON/T M CARLSON ETAL	RESIDENTIAL	$303,600	40 ft
1072 15TH AVE S E MINNEAPOLIS MN 55414	LONDONBERRY LLC	RESIDENTIAL-TWO UNIT	$319,100	80 ft
1090 15TH AVE S E MINNEAPOLIS MN 55414	ANDREW LEVIN	RESIDENTIAL	$305,700	80 ft
1092 15TH AVE S E MINNEAPOLIS MN 55414	CATHERINE A M COLLINS	RESIDENTIAL	$293,400	120 ft
1068 15TH AVE S E MINNEAPOLIS MN 55414	THOMAS GIAIMO/PATRICK SMITH	RESIDENTIAL	$332,100	128 ft
1081 16TH AVE S E MINNEAPOLIS MN 55414	TOBY D & JOANNE M SCHIFSKY	RESIDENTIAL	$251,600	132 ft
1085 16TH AVE S E MINNEAPOLIS MN 55414	1085 16TH AVENUE SE	RESIDENTIAL	$375,500	137 ft
1079 16TH AVE S E MINNEAPOLIS MN 55414	RED KEEP RENTALS LLC	RESIDENTIAL-TWO UNIT	$359,600	141 ft
1091 16TH AVE S E MINNEAPOLIS MN 55414	MARK A & ANN D JOHNSON	RESIDENTIAL-TWO UNIT	$391,800	154 ft

Property History

Most Recent Sale

Date199811

Price$110,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,412